Ekkaa Electronics Files IPO Papers For ₹725 Crore Issue With Abakkus, Mukul Agrawal As Investors

Noida-based Ekkaa Electronics (India) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a ₹725 crore initial public offering (IPO). The DRHP was filed on 24 September 2026.

The proposed issue includes a ₹525 crore fresh issue and a ₹200 crore offer for sale (OFS) by promoter Chandra Prakash Gupta and his wife, Madhuri Gupta.

The company may also raise up to ₹105 crore through a pre-IPO placement before filing the red herring prospectus (RHP) with the Registrar of Companies. If completed, the amount raised through the pre-IPO round would reduce the size of the fresh issue accordingly.

Motilal Oswal Investment Advisors and Shannon Advisors are managing the Ekkaa Electronics IPO as merchant bankers.

Abakkus, Mukul Agrawal Back Ekkaa Electronics

Sunil Singhania’s Abakkus Asset Manager, through Abakkus Four2eight Opportunities Fund, held a 6.5% stake in Ekkaa Electronics. Mukul Mahavir Agrawal held another 2.7% stake.

The two investors entered the company through private placements at different times. Abakkus invested in July 2026, while Agrawal invested in September 2025.

Usage Of Proceeds And Company’s Financials

The company plans to allocate ₹225 crore from the IPO’s fresh issue towards debt repayment. Its outstanding borrowings stood at ₹396.1 crore as of June 2026.

Another ₹150 crore is proposed for working capital requirements. The remaining fresh issue proceeds will be used for general corporate purposes.

Ekkaa Electronics reported consolidated revenue of ₹1,221.7 crore and consolidated profit of ₹65.3 crore for the financial year ended March 2026.

About Ekkaa Electronics

Ekkaa Electronics operates as an integrated original design manufacturer (ODM) and original equipment manufacturer (OEM) of consumer electronics and appliances.

Its portfolio includes light-emitting diode (LED) televisions, semi-automatic washing machines and washers, personal and commercial air coolers, multimedia speakers, and induction and infrared cooktops.

The company's installed capacity is as follows:

• LED television units: 28.21 lakh

• Washing machine and washer units: 3.3 lakh

• Multimedia speakers: 6 lakh

• Induction and infrared cooktops: 9 lakh

• Personal and commercial air coolers: 5.47 lakh

Ekkaa Electronics competes with listed companies including Dixon Technologies, Amber Enterprises and PG Electroplast.

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