Upcoming IPO: UKB Electronics files DRHP with SEBI to raise ₹800 crore; check financials

UKB Electronics IPO: Electronic manufacturing services provider UKB Electronics Limited has started the initial public offering (IPO) process to raise ₹800 crore by filing a draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India.

The proposed initial share sale is a mix of fresh issuance of shares valued at ₹400 crore and an offer-for-sale aggregating to ₹400 crore, according to the preliminary papers filed on Monday.

Under the OFS, promoters Manoj Tayal and Vinay Kumar Tayal intend to offload shares worth ₹135 crore each, while Manik Tayal will sell shares totalling ₹130 crore.

The money raised will be utilised for the repayment of debt, buying plant and machinery for the company's existing manufacturing plants and corporate general purposes.

The company's shares will be listed on the National Stock Exchange (NSE) and BSE (formerly Bombay Stock Exchange). Motilal Oswal Investment Advisors Ltd and IIFL Capital Services Ltd are the issue's book-running lead managers, while KFin Technologies serves as the registrar.

UKB Electronics is an electronic manufacturing services (EMS) firm that handles everything from product design and prototyping to full-scale manufacturing.

Its products primarily fall into two categories: home appliances and consumer electronics, such as circuit boards, cord assemblies, remotes, and distribution systems; and strategic electronics, which include e-mobility solutions such as cables, chargers, charging guns, and other specialised cables.

The company runs 11 manufacturing facilities across Pune (Maharashtra), Ahmednagar (Maharashtra), Ghiloth (Rajasthan), Noida (Uttar Pradesh), Goa, Chennai (Tamil Nadu) and Sri City (Andhra Pradesh).

Between April 2022 and March 2025, UKB Electronics served 675 customers, including 203 original equipment manufacturers (OEMs). In the home appliances and consumer electronics space, its clients include leading global brands and Fortune 500 companies such as LG, Panasonic, Voltas-Beko, IFB, Haier, Carrier Midea, Liebherr, Dixon and Versuni, among others.

UKB Electronics IPO: Financials