IL JIN Electronics, a crucial subsidiary of Amber Enterprises India Ltd, is set to go public after filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed Initial Public Offering (IPO) aims to raise a substantial ₹2,500 crore through a fresh issue of equity shares, with no offer-for-sale component, ensuring all proceeds directly benefit IL JIN Electronics.
The filing, made on November 6, puts Amber Enterprises shares in focus as investors eye the independent growth trajectory of its electronics manufacturing arm. The funds generated from the IPO are earmarked for several strategic initiatives, including the repayment or prepayment of outstanding borrowings held by IL JIN Electronics and its subsidiaries, Ascent Circuits and Shogini Technoarts. Additionally, a significant portion will be allocated to purchasing new plant, machinery, and equipment for its manufacturing units, alongside fulfilling general corporate requirements.
Expanding Manufacturing and Business Scope
IL JIN Electronics operates as a vertically integrated electronics design and manufacturing services provider. Its diverse business segments include electronics manufacturing services (EMS), bare printed circuit board (PCB) manufacturing, power electronics, and industrial automation. This broad portfolio underpins its robust market position.
The company boasts an extensive manufacturing footprint, currently operating 11 facilities – 10 in India and one in Israel. Its domestic units are strategically located in key industrial hubs such as Noida, Greater Noida, Pune, Chennai, Hosur, and Bengaluru. Furthermore, IL JIN Electronics has an ambitious expansion plan underway, with six additional manufacturing facilities currently under construction.
Strong Financial Performance Fuels IPO
IL JIN Electronics has demonstrated impressive financial growth in recent years. For the fiscal year 2026, the company reported revenue from operations of ₹3,268.47 crore, a significant jump from ₹1,240.41 crore in FY24. This growth was accompanied by a substantial increase in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), which rose to ₹321.07 crore in FY26 from ₹71.42 crore in FY24. These figures highlight the company's expanding business scale and improved operational profitability.
A separate stock market listing is expected to empower IL JIN Electronics to independently pursue its growth plans and offer investors a direct avenue to participate in the burgeoning electronics manufacturing sector. The IPO process will be managed by a consortium of financial heavyweights, including Motilal Oswal Investment Advisors, Axis Capital, and Jefferies India. KFin Technologies has been appointed as the registrar for the issue.