Pune: UKB Electronics Limited, an electronic manufacturing services (EMS) provider with end-to-end capabilities in product design, prototyping, and large-scale manufacturing, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming initial public offer (UKB Electronics IPO).
The UKB Electronics IPO aims to raise up to ₹800 crore. The offer consists of a fresh issue of equity shares worth ₹400 crore and an offer for sale (OFS) by existing shareholders worth ₹400 crore. The company may also provide a discount on the issue price to eligible employees under the employee reservation category.
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UKB Electronics IPO: Utilization of Proceeds
The company intends to utilize the net proceeds from the fresh issue for:
- Prepayment or repayment of outstanding borrowings,
- Purchase of plant and machinery for existing manufacturing facilities, and
- General corporate purposes.
UKB Electronics’ Business Presence
UKB Electronics is among the few Indian EMS companies with the capability to manage the complete product lifecycle from design to manufacturing. It caters to multiple industries, including consumer electronics, aerospace & defense, mass transportation, automobile (with a focus on e-mobility), industrial, and renewable sectors.
The company’s product portfolio includes electronic distribution systems, assembly cords, PCBAs, and e-mobility charging solutions, serving both B2B2C and B2B2B markets. With over 170 global product certifications, UKB exports to 17 countries and operates 11 strategically located manufacturing facilities across Pune, Ahmednagar, Noida, Ghiloth, Goa, Sri City, and Chennai.
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Client Base and Industry Reach
UKB Electronics serves leading original equipment manufacturers (OEMs), including Fortune 500 companies and multinational corporations such as LG Electronics India Limited, Panasonic Appliances India Company Limited, Carrier Midea India Private Limited, and Haier Appliances India Private Limited.
Listing and Issue Management
The equity shares under the UKB Electronics IPO are proposed to be listed on BSE and NSE. Motilal Oswal Investment Advisors Limited and IIFL Capital Services Limited are acting as the book-running lead managers for the issue.
