IL JIN Electronics Files ₹2,500 Crore IPO Papers With SEBI, Amber Enterprises Arm Eyes Expansion Amid Strong Revenue Growth

IL JIN Electronics, a subsidiary of Amber Enterprises India, has submitted preliminary paperwork to the Securities and Exchange Board of India (SEBI) to launch an IPO with a target size of ₹2,500 crore. The IPO prospectus, dated November 6, indicates that the shares will be entirely new and not include any offer-for-sale portion.

The company intends to allocate the funds raised for debt reduction, primarily aimed at settling outstanding loans and accrued interest. This includes liabilities of IL JIN Electronics and its subsidiaries Ascent Circuits and Shogini Technoarts. The proceeds will also be used for purchasing machinery and manufacturing equipment, while also catering to general corporate needs.

The company's operations span four key segments: electronics manufacturing services, printed circuit boards, power electronics, and industrial automation. IL JIN currently runs 11 manufacturing facilities located in India and one in Israel. Its domestic facilities are spread across Uttar Pradesh, Maharashtra, Tamil Nadu, and Karnataka. Additionally, six more manufacturing units are under construction to facilitate future growth.

Financially, IL JIN Electronics demonstrated impressive growth. In the fiscal year 2026 (FY26), the company reported revenue of ₹3,268.47 crore, compared to ₹1,240.41 crore in FY24, marking an approximate 163.5% increase over two fiscal years. Moreover, earnings before interest, tax, depreciation, and amortisation (EBITDA) grew to ₹321.07 crore from ₹71.42 crore during the same period.

Amber Enterprises India, the parent company, specializes in the room air-conditioner original equipment manufacturing and design manufacturing industry.

The proposed IPO, which could provide additional capital for expanding its electronics manufacturing operations, will be managed by Motilal Oswal Investment Advisors, Axis Capital, and Jefferies India. KFin Technologies has been appointed as the registrar for the IPO. However, the offering is currently undergoing regulatory review, and the exact pricing and subscription dates have not yet been disclosed.