Ekkaa Electronics Files DRHP With Sebi For ₹725 Crore IPO To Repay Debt And Fund Working Capital
New Delhi: Consumer electronics and appliances maker Ekkaa Electronics (India) Ltd has filed draft papers with markets regulator Sebi to raise Rs 725 crore through an Initial Public Offering (IPO), as the company looks to strengthen its balance sheet and fund its working capital needs. IPO alert! Ekkaa Electronics is gearing up to tap the primary market with a Rs 725-crore #IPO . The issue…
New Delhi: Consumer electronics company Ekkaa Electronics (India) Ltd has submitted draft registration with the Securities and Exchange Board of India (Sebi) to raise Rs 725 crore via an Initial Public Offering (IPO). The funds will be utilized to strengthen the company's balance sheet, alleviate its working capital needs, and settle existing debts. The IPO package includes a fresh issue of Rs 525 crore equity shares and an Offer for Sale (OFS) of Rs 200 crore shares by promoters Chandra Prakash Gupta and Madhuri Gupta.
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- Ekkaa Electronics files papers for ₹725 crore IPO thehindubusinessline.com
