UKB Electronics Limited IPO: The country’s fast -moving Electronic Manufacturing Service (EMS) provider company UKB Electronics Limited is preparing to launch IPO. The company has submitted its draft red hering prospectus (DRHP) to the market regulator SEBI. With this, the company seems to be clear on the plan to raise up to Rs 800 crore through IPO.
Fresh shares will be worth Rs 400 crore
The proposed IPO will issue new equity shares worth Rs 400 crore and include a sales offer of Rs 400 crore by current shareholders. The company has also reserved a part of its IPO for its eligible employees. Employees can also give discounts on the offer price under the reservation quota.
UKB Electronics will use the amount raised through IPOs, purchase machines for its manufacturing units and for general corporate purposes. With these money, the company’s operational efficiency will be strengthened and they will also support the company’s Future Plan.
What does the company do?
The 2004 company provides its services in electronics, aerospace and defense, transportation, automobile, industrial and renewable energy sectors, including product design to prototypening, electronic solutions all things. Its products include electronics distribution system, PCBA, cable assembly, cord and EV charging solutions. The company currently exports to 17 countries. Equity shares of the company will be listed on BSE and NSE. Motilal Oswal Investment Advisors and IIFL Capital Services are the book running lead manager of this issue.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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