1 hr ago
Ekkaa Electronics Files ₹725 Crore IPO Draft Papers With Sebi
Ekkaa Electronics wants to raise money from the public by selling shares.
It has submitted its IPO plans to Sebi, India’s markets regulator.
The total IPO could be worth ₹725 crore.
Up to ₹525 crore would come from new shares issued by the company.
Another ₹200 crore could come from shares sold by its promoters.
The company may also raise ₹105 crore before the IPO.
It plans to use the money to repay loans and pay for day-to-day business needs.
Ekkaa makes products such as televisions, washing machines and air coolers.
Ekkaa Electronics has filed draft papers with Sebi for a ₹725 crore IPO.
The offering includes a fresh issue of up to ₹525 crore and an OFS of up to ₹200 crore.
Promoters Chandra Prakash Gupta and Madhuri Gupta will sell shares through the OFS.
The company may raise up to ₹105 crore through a pre-IPO placement, which would reduce the fresh issue size.
IPO proceeds would repay borrowings, fund working capital and support general corporate expenses.
- Who
- Ekkaa Electronics (India) Ltd, along with promoters Chandra Prakash Gupta and Madhuri Gupta.
- What
- The company filed draft papers for a potential ₹725 crore IPO.
- Where
- The company is based in Delhi and filed its draft papers with the Securities and Exchange Board of India.
- When
- The DRHP was filed on Thursday; the articles do not specify the date.
- Why
- To strengthen its balance sheet, repay or prepay borrowings, fund working capital and meet general corporate expenses.
Key facts
- Total proposed IPO
- Up to ₹725 crore
- Fresh issue
- Up to ₹525 crore
- Offer for Sale
- Up to ₹200 crore
- Potential pre-IPO placement
- Up to ₹105 crore
- Promoter sellers
- Chandra Prakash Gupta and Madhuri Gupta
- IPO managers
- Motilal Oswal Investment Advisors and Shannon Advisors
- Products
- LED televisions, washing machines, air coolers, multimedia speakers, cooktops and smart displays
Sources
Related news
Kanohar Electricals IPO Opens September 8 With Rs 300 Crore Fresh Issue
Hi-Tech Flow Solutions Files ₹300 Crore Fresh-Issue IPO Papers
Kanohar Electricals Shares Debut Over 8% Above IPO Price
Orient Cables Sets ₹552-Crore IPO For September 25 Launch
India’s IPO Rush Intensifies With 11 Issues Next Week
Hero Motors Sets IPO Band, Targets ₹3,815 Crore Valuation
Motilal Oswal Sees 37% Upside in SPR Auto Technologies
Pearl Global Shares Rise After Buy Rating, Target Hike
Indegene Shares Rise as Motilal Oswal Upgrades Stock, Sets Target
Proposed commission limits threaten PB Fintech’s FY28 earnings
