Ekkaa Electronics files papers for ₹725 crore IPO

Ekkaa Electronics, a consumer electronics and appliances maker, has filed draft papers with SEBI to raise ₹725 crore through an IPO. The company aims to strengthen its balance sheet and fund working capital needs. The IPO comprises a fresh issue of equity shares worth up to ₹525 crore and an Offer for Sale (OFS) of shares worth up to ₹200 crore by promoters Chandra Prakash Gupta and Madhuri Gupta.

The proceeds will be used to repay borrowings, fund working capital requirements, and cover general corporate expenses. Motilal Oswal Investment Advisors and Shannon Advisors are the book-running lead managers for the issue.

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