IPO Alert: Biocon Electric Files IPO Papers With SEBI For 59 Lakh Shares Including OFS And Fresh Issue
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Biocon Electric has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO of up to 59 lakh equity shares.
Biocon Electric has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of up to 59 lakh equity shares.
The proposed issue is going to include a fresh issue and an offer for sale (OFS). The company plans to use the fresh issue proceeds primarily for working capital requirements.
What Is The Structure Of The Biocon Electric IPO?
The IPO will comprise a fresh issue of up to 48 lakh equity shares and an OFS of up to 11 lakh shares by five promoter-selling shareholders. Each of the five selling shareholders will offer up to 2.20 lakh shares.
The shares will have a face value of ₹10 each and are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company had 1.50 crore pre-offer equity shares outstanding.
Of the net offer, not more than 50% will be available for allocation to qualified institutional buyers (QIBs), while the portion for non-institutional bidders (NIBs) will be at least 15% and that for retail individual investors will be at least 35%.
The company estimates its working capital requirement at ₹62.57 crore, which will be funded primarily through the fresh issue. Any remaining proceeds may be used for general corporate purposes. GYR Capital Advisors is the book running lead manager, while Bigshare Services is the registrar.
How Did Biocon Electric Perform Financially?
Biocon Electric's revenue from operations increased 37.94% to ₹196.73 crore in FY26 from ₹142.62 crore in FY25. Total income rose to ₹198.17 crore from ₹144.64 crore.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 17.58% to ₹25.64 crore, while profit after tax (PAT) rose 22.96% to ₹14.14 crore. However, the EBITDA margin narrowed to 12.94% from 15.08%, while the PAT margin declined to 7.19% from 8.06%.
Net worth stood at ₹65.92 crore as of 31 March 2026, with the company reporting a 28.23% compound annual growth rate in net worth. Its debt-equity ratio improved to 1.11 times from 1.47 times a year earlier.
What Does Biocon Electric Manufacture?
Biocon Electric was incorporated in 2019 and has its registered office in Delhi and corporate office in Bengaluru. It manufactures and distributes PVC-insulated wires and tapes, lighting solutions, electrical switches and accessories, Miniature Circuit Breakers (MCBs), Residual Current Circuit Breakers (RCCBs), switchgear and other electrical appliances.
The company offers more than 1,500 stock keeping units (SKUs) for residential, commercial, industrial and infrastructure applications. It operates manufacturing facilities in Delhi, Ghaziabad and Vasai, supported by assembly, testing and packaging operations. As of 31 March 2026, it had 1,915 channel partners, of which 1,427 were in southern India.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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