IL JIN Electronics IPO: Amber Enterprises' Subsidiary Files DRHP for Rs 2,500 Crore Issue; Check Key Details

IL JIN Electronics (India) Ltd, a material subsidiary of Amber Enterprises India, has filed its DRHP with Sebi for a Rs 2,500 crore IPO. The proposed public issue will comprise entirely a fresh issue of equity shares, with proceeds primarily earmarked for debt repayment and expansion of manufacturing capabilities.

Amber Enterprises India shares were in focus on Monday, November 9. The stock was trading at Rs 6,154 at 11:19 AM, down 3.15%, after ending 0.9% lower at Rs 6,350 in Sunday's Muhurat trading session.

Rs 2,500 crore IPO IS A Fresh Issue

According to the draft red herring prospectus (DRHP) dated November 6, the IL JIN Electronics IPO will be entirely a fresh issue of equity shares, with no offer for sale component. That means the money raised will go to the company and not to any existing shareholder. The company may also raise up to Rs 500 crore through a pre-IPO placement before the public issue, and if it does, the size of the fresh issue will be reduced by that amount. Motilal Oswal Investment Advisors, Axis Capital and Jefferies India are the book-running lead managers, while KFin Technologies is the registrar to the issue.

About IL JIN Electronics

IL JIN Electronics operates 11 manufacturing facilities, including 10 in India and one in Israel, and has six more under construction. Its business is spread across four segments: electronics manufacturing services (EMS), bare printed circuit board (PCB) manufacturing, power electronics and industrial automation. The company claims to be India's largest PCB manufacturer by revenue in FY26. At the time of filing, promoters held 60.34% of the company and public shareholders held 39.66%, with Raptor Investments owning a 15.37% stake. It competes with listed players such as Dixon Technologies, Kaynes Technology, Syrma SGS Technology, Avalon Technologies and Cyient DLM.

Strong growth in FY26

The company has grown quickly in the last two years. Revenue from operations rose 49% YoY to Rs 3,268.5 crore in FY26 from Rs 2,193.7 crore in FY25, and stood at Rs 1,240.41 crore in FY24. EBITDA climbed to Rs 321.07 crore in FY26 from Rs 71.42 crore in FY24, while net profit nearly doubled to Rs 128.2 crore in FY26 from Rs 66.27 crore in FY25. In the April-June 2026 quarter, the company reported a profit of Rs 55.7 crore on revenue of Rs 984.8 crore.