IL JIN Electronics submits IPO draft to India's SEBI for Rs 2,500 crore

what happened

IL JIN Electronics (India), a unit of Amber Enterprises India, has lodged preliminary papers with the market regulator SEBI to raise Rs 2,500 crore through an initial public offering, Moody's reports. According to the draft red herring prospectus (DRHP) dated November 6, the offering consists solely of new equity shares, with no sales by existing shareholders.

The company intends to use the money to repay or prepay borrowings of its own and of its subsidiaries Ascent Circuits and Shogini Technoarts, including accrued interest, and to buy plant and equipment for its factories, as well as for general corporate purposes. IL JIN operates across four verticals: electronics manufacturing services, bare printed circuit boards, power electronics and industrial automation. It runs 11 plants, ten in India and one in Israel, with six more under construction.

Revenue from operations rose to Rs 3,268.47 crore in FY26 from Rs 1,240.41 crore in FY24, while EBITDA climbed from Rs 71.42 crore to Rs 321.07 crore over the same period. Motilal Oswal Investment Advisors, Axis Capital and Jefferies India are the book-running lead managers, and KFin Technologies will serve as registrar.

why it matters

For markets, this is mainly a sign of a sizeable listing in India's electronics manufacturing sector. Because the issue is entirely fresh shares, the capital would stay within the business rather than go to selling shareholders, which matters when assessing its capacity expansion plans.

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