UKB Electronics files DRHP with SEBI for Rs 800 crore IPO

UKB Electronics Limited, a leading Indian electronic manufacturing services (EMS) provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking its intent to raise up to Rs 800 crore through an initial public offering (IPO).

The proposed offering includes a fresh issue of equity shares worth Rs 400 crore, and an offer for sale (OFS) by existing shareholders amounting to another Rs 400 crore. The company has also reserved a portion of the IPO for eligible employees and may offer them a discount on the offer price under the employee reservation quota.

Use of Proceeds

UKB Electronics intends to utilize the net proceeds from the fresh issue primarily for the prepayment or repayment of certain outstanding borrowings, the purchase of plant and machinery for its existing manufacturing facilities, and for general corporate purposes. This deployment of funds is aimed at strengthening the company’s operational efficiency and supporting its future growth plans.

About UKB Electronics

Founded as a fully integrated EMS company, UKB Electronics is one of the few homegrown players in India with end-to-end capabilities—from product design and prototyping to final manufacturing of electronic and electrical solutions.

The company caters to a diverse range of industries, including consumer electronics, aerospace and defense, mass transportation, automobiles (with a focus on e-mobility), as well as the industrial and renewable energy sectors.

Its product offerings span electronic distribution systems, PCBAs, cable assemblies, cords, and EV charging solutions. With 170 global product certifications, the company currently exports to 17 countries.

Manufacturing Footprint

UKB Electronics operates a network of 11 strategically located manufacturing facilities across India, enabling it to serve clients efficiently and maintain a strong presence in key 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. This widespread footprint allows the company to optimize production capabilities and logistics across regions.

The company boasts a robust client base, including several Fortune 500 companies and renowned original equipment manufacturers (OEMs). Its clientele includes industry leaders such as LG Electronics India, Panasonic Appliances India, Carrier Midea India, and Haier Appliances India, reflecting UKB’s reputation as a trusted and capable EMS partner.

Listing & Lead Managers

The equity shares are proposed to be listed on the BSE and NSE. Motilal Oswal Investment Advisors and IIFL Capital Services are acting as the Book Running Lead Managers (BRLMs) to the issue.