IL JIN Electronics IPO: Amber Enterprises Subsidiary Files DRHP For ₹2,500 Crore Issue, Plans Major Debt Repayment

IL JIN Electronics (India), a subsidiary of Amber Enterprises, is looking to raise ₹2,500 crore through an initial public offering (IPO). The electronics manufacturer has submitted its draft papers to the Securities and Exchange Board of India (SEBI), proposing a fresh issue of shares without an offer-for-sale component. A large part of the money raised will go towards repaying or prepaying its existing borrowings.

The draft red herring prospectus (DRHP) was filed on 6 November 2026. Before the public issue, IL JIN may raise another ₹500 crore through a pre-IPO placement. If the company goes ahead with this placement, it will reduce the fresh issue size by the amount raised.

IL JIN Electronics' Business Operations, Shareholding And Other Key Details

As per IL JIN Electronics IPO DRHP, the company has earmarked ₹1,636 crore from the IPO proceeds towards repayment or prepayment of its outstanding loans. Another ₹189 crore will go towards purchasing plant, machinery and equipment for its manufacturing facilities. The remaining funds will be used for general corporate purposes.

The company operates 11 manufacturing facilities, including one in Israel. Its operations cover four business segments: electronics manufacturing services (EMS), bare printed circuit board (PCB) manufacturing, power electronics and industrial automation.

IL JIN claims to be India's largest PCB manufacturer by revenue in FY26. Its promoters held a 60.34% stake at the time of filing, while public shareholders owned the remaining 39.66%. Raptor Investments held a 15.37% stake.

Amber Enterprises shares ended 0.9% lower at ₹6,350 on Sunday, compared with the previous close of ₹6,408. The stock could remain in focus following the IPO announcement, given that the proposed listing involves an Amber Enterprises subsidiary.

On 9 November at 11:19 am, Amber Enterprises shares were trading at ₹6,154, down 3.15%.

How Has IL JIN Electronics Performed Financially?

IL JIN Electronics reported a sharp improvement in its financial performance in FY26. Its net profit nearly doubled to ₹128.2 crore from ₹66.27 crore in FY25.

Revenue also grew 49% year-on-year to ₹3,268.5 crore, compared with ₹2,193.7 crore in the previous financial year. For the April-June 2026 quarter, the company reported a profit of ₹55.7 crore on revenue of ₹984.8 crore.

The company operates in a competitive market alongside listed players such as Dixon Technologies, Kaynes Technology, Syrma SGS Technology, Avalon Technologies and Cyient DLM.

Motilal Oswal Investment Advisors, Axis Capital and Jefferies India have been appointed as merchant bankers for the proposed IPO.

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