# Ekkaa Electronics (India) Limited: IPO analysis

> Ekkaa Electronics (India) Limited (CIN U32304DL2021PLC379143) has filed a Draft Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of ₹525 Cr and an offer for sale of ₹200 Cr. In FY26 it reported revenue of ₹1,222 Cr (+146.1% on FY25) and a net profit of ₹65 Cr. Promoters hold 75.9% before the IPO.

- Page: https://ipo.innerkore.com/company/U32304DL2021PLC379143/ekkaa-electronics-india-limited/
- CIN: U32304DL2021PLC379143
- Last updated: 1 Oct 2026

## Key facts

- **Company:** Ekkaa Electronics (India) Limited
- **CIN:** U32304DL2021PLC379143
- **Filing stage:** DRHP
- **Latest SEBI filing:** 1 Oct 2026
- **Fresh issue:** ₹525 Cr
- **Offer for sale:** ₹200 Cr
- **Listing on:** BSE, NSE
- **Revenue FY26:** ₹1,222 Cr
- **Revenue growth:** +146.1%
- **Net profit FY26:** ₹65 Cr
- **Revenue CAGR FY24 to FY26:** 13,017.9%
- **Promoter holding (pre-IPO):** 75.9%
- **Lead managers:** Motilal Oswal Investment Advisors Limited, Shannon Advisors Private Limited
- **Registrar:** Bigshare Services Private Limited

## Key signals (read from the filing; not investment advice)

- **Growth** (looks fine): 13,017.9% a year. Sales FY24 to FY26; latest year +146.1%.
- **Profitability** (look closer): 5.4% net margin. FY26; operating margin slipping.
- **Debt** (look closer): 1.23x equity. ₹309 crore borrowed at the end of FY26.
- **Profit into cash** (concern): -44% of profit. Operations brought in ₹-28.7 crore against ₹65.4 crore of profit in FY26.
- **One-off income** (looks fine): 8% of profit. Other and one-off income is 8% of pre-tax profit.
- **Where the money goes** (looks fine): 28% for sale. 72% is new shares issued by the company. 60% of the new money repays debt.

## Financial snapshot (₹ crore unless stated; standalone)

| | FY24 | FY25 | FY26 |
|---|---:|---:|---:|
| Sales | 0.07 | 497 | 1,222 |
| Sales growth | – | 6,99,215.5% | 146.1% |
| Operating profit | -0.41 | 55 | 115 |
| Operating margin | -574.7% | 11.2% | 9.4% |
| Net profit | -4.1 | 24 | 65 |
| Net margin | -5,704.2% | 4.7% | 5.4% |
| Net worth | 15 | 38 | 252 |
| Borrowings | 170 | 323 | 309 |
| Return on equity | -27.6% | 61.6% | 26.0% |

## Use of proceeds (fresh issue)

- Repayment/ prepayment, in full or part, of certain outstanding borrowings availed by our Company: ₹225 crore
- Funding our Company's working capital requirements: ₹150 crore
- General corporate purposes(1): amount not fixed yet

## Common questions

### How big is the Ekkaa Electronics (India) Limited IPO?

Ekkaa Electronics (India) Limited's IPO comprises a fresh issue of ₹525 Cr and an offer for sale of ₹200 Cr, according to its Draft Red Herring Prospectus. The price band has not been announced yet: draft filings leave it blank and it is set in the Red Herring Prospectus.

### What are Ekkaa Electronics (India) Limited's revenue and profit?

Ekkaa Electronics (India) Limited reported revenue from operations of ₹1,222 Cr in FY26, +146.1% versus FY25. Net profit was ₹65 Cr (FY25: ₹24 Cr). Revenue grew at a compound rate of 13,017.9% a year from FY24 to FY26. Figures are read from the DRHP, as printed there.

### How much do promoters own in Ekkaa Electronics (India) Limited?

Promoters hold 75.9% of Ekkaa Electronics (India) Limited before the IPO.

### How will Ekkaa Electronics (India) Limited use the IPO money?

The fresh-issue proceeds are earmarked for: Repayment/ prepayment, in full or part, of certain outstanding borrowings availed by our Company (₹225 Cr); Funding our Company's working capital requirements (₹150 Cr); General corporate purposes (amount not fixed yet). The offer-for-sale portion goes to the selling shareholders, not the company.

### What does Ekkaa Electronics (India) Limited do?

Here's what you need to know before investing in Ekkaa Electronics (India) Limited's IPO.

### Who manages the Ekkaa Electronics (India) Limited IPO?

Book running lead managers: Motilal Oswal Investment Advisors Limited, Shannon Advisors Private Limited. Registrar to the offer: Bigshare Services Private Limited. Shares are proposed to list on BSE and NSE.

### Where can I read the original Ekkaa Electronics (India) Limited IPO documents?

All 1 filing for Ekkaa Electronics (India) Limited (DRHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document.

## Source documents

- [EKKAA ELECTRONICS (INDIA) LIMITED - DRHP](https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1790859034640.pdf) (Draft Red Herring Prospectus, filed 1 Oct 2026)

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Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.