UKB Electronics files DRHP with SEBI for RS 800 Crore IPO

UKB Electronics Limited, a leading provider of Indian Electronic Manufacturing Services (EMS), has submitted his Concept Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (Sebi), which marks its intention (IPO) to RS 800 Crore).

The proposed offer includes a new edition of shares of RS 400 Crore and an offer (OFS) by existing shareholders who are a different RS 400 Crore. The company has also reserved part of the IPO for eligible employees and can offer them a discount on the offer price below the employee’s quota.

Use of yields

UKB Electronics is planning to use the net proceeds of the new issue, mainly for the advance payment or reimbursement of certain outstanding loans, the purchase of factory and machines for the existing production facilities and for general business purposes. This use of funds is aimed at strengthening the operational efficiency of the company and supporting future growth plans.

About UKB Electronics

UKB Electronics, founded as a fully integrated EMS company, is one of the few home soil players in India with end-to-end possibilities of product design and prototyping to the final production of electronic and electrical solutions.

The company is suitable for a diverse range of industries, including consumer electronics, space travel and defense, mass transport, cars (with a focus on e-mobility), as well as the industrial and renewable energy sectors. The product offers Span electronic distribution systems, PCBas, cable assembly blages, cables, cables, cables and EV loading solutions. With 170 global product certifications, the company is currently exporting to 17 countries.

Fabrication

UKB Electronics has a network of 11 strategically located production facilities throughout India, so that customers can serve efficiently and maintain a strong presence in important industrial hubs. These facilities are located in Pune and Ahmednagar in Maharashtra, Noida in Uttar Pradesh, Ghiloth in Rajasthan, Goa, Sri City in Andhra Pradesh and Chennai in Tamil Nadu. With this widespread footprint, the company can optimize production options and logistics in different regions.

The company has a robust customer base, including various Fortune 500 companies and renowned manufacturers of original equipment (OEMs). The clientele includes market leaders such as LG Electronics India, Panasonic Appliances India, Carrier Midea India and Haier Appliances India, who reflect the reputation of UKB as a trusted and capable EMS partner.

List and lead managers

The shares are proposed to be mentioned on the BSE and NSE. Motilal Oswal Investment Advisors and IIFL Capital Services act as the book that Lead Managers (BRLMS) runs to the issue.