IL JIN Electronics files draft papers for ₹2,500-crore IPO
The company plans to use the proceeds to repay or prepay certain outstanding borrowings, including accrued interest, availed by the company and its subsidiaries
IL JIN Electronics, a vertically integrated electronics design and manufacturing company, has filed draft papers for a ₹2,500-crore IPO, as per a preliminary filing with SEBI. The IPO is a fresh issue of equity shares, with no offer for sale, and the proceeds will be used to repay outstanding borrowings, purchase manufacturing equipment, and for general corporate purposes.
The company, a subsidiary of Amber Enterprises India Ltd, operates across four business verticals and has 11 manufacturing facilities, including 10 in India and one in Israel.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
