IPO Forward! Electrical merchandise maker Biocon Electric recordsdata draft papers with Sebi
The proposed supply includes a contemporary subject of as much as 48,00,000 fairness shares and an offer for sale (OFS) of as much as 11,00,000 fairness shares by promoter-selling shareholders, with every of the 5 promoting shareholders providing as much as 2,20,000 shares. The shares can have a face worth of Rs 10 every. The firm has proposed to listing its fairness shares on the Main Board of BSE Limited and the National Stock Exchange of India Limited.
Of the web supply, no more than 50% can be obtainable for allocation to certified institutional consumers (QIBs), of which as much as 60% could also be allotted to anchor traders. The non-institutional bidder portion will account for not lower than 15%, whereas retail particular person bidders can be entitled to not lower than 35% of the web supply.
The firm had 1,50,00,000 pre-offer fairness shares excellent.
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The firm proposes to make use of the web proceeds from the contemporary subject primarily to fund its working capital necessities, estimated at Rs 6,257.45 lakh, with the steadiness, if any, earmarked for common company functions.
GYR Capital Advisors Private Limited is the e book working lead supervisor to the supply, whereas Bigshare Services Private Limited is the registrar.Financial snapshot
Biocon Electric’s turnover from operations rose 37.94% to Rs 19,673.37 lakh in FY2026 from Rs 14,262.42 lakh in FY2025. Revenue from operations stood at Rs 13,645.24 lakh in FY2024.
Total revenue elevated to Rs 19,817.24 lakh in FY2026 from Rs 14,463.89 lakh in FY2025 and Rs 13,750.31 lakh in FY2024.
EBITDA rose 17.58% to Rs 2,563.82 lakh in FY2026 from Rs 2,180.45 lakh in FY2025, whereas revenue after tax (PAT) elevated 22.96% to Rs 1,414.05 lakh from Rs 1,150 lakh.
EBITDA margin stood at 12.94% in FY2026, in contrast with 15.08% in FY2025, whereas PAT margin was 7.19%, towards 8.06% a yr earlier.
The firm’s return on fairness stood at 24.05% in FY2026, in contrast with 25.06% in FY2025 and 31.82% in FY2024. Return on capital employed was 12.19%, towards 11.41% in FY2025 and 13.65% in FY2024.
Net price elevated at a CAGR of 28.23% to Rs 6,591.59 lakh as of March 31, 2026.
The firm mentioned turnover from operations grew at a CAGR of 20.07% between FY2024 and FY2026. Its debt-equity ratio improved to 1.11 instances as of March 31, 2026, from 1.47 instances as of March 31, 2025 and 1.64 instances as of March 31, 2024.
FY2026 turnover additionally included Rs 2,526.63 lakh, or 12.84% of turnover from operations, from one-time buying and selling of aluminium rods.
About Biocon Electric
Biocon Electric Limited, previously Biocon Electric Private Limited, was integrated in 2019 and has its registered workplace in Delhi and company workplace in Bengaluru, Karnataka. The firm manufactures, processes, assembles, exchanges and distributes PVC insulated wires and tapes, lighting options, electrical switches and equipment, MCBs, RCCBs and different switchgear merchandise, in addition to different electrical home equipment. It provides a portfolio of over 1,500 SKUs catering to residential, business, industrial and roads purposes.
The firm operates three manufacturing services in Delhi, Ghaziabad in Uttar Pradesh and Vasai in Maharashtra. These are supplemented by an meeting and testing unit and a packaging and ancillary operations unit at Vasai.Its working mannequin combines in-house manufacturing, processing and ending, meeting and testing, and third-party sourcing of merchandise offered below the “BIOCON” model.
As of March 31, 2026, 1,427 of the corporate’s 1,915 channel companions have been situated in southern India.
Disclosure: This article has been written by Kumar Gaurav, who just isn’t a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as outlined below Section 2(77) of the Companies Act, 2013) don’t maintain any monetary curiosity within the firms talked about on this article as of the date of publication. The views/suggestions talked about on this article, wherever relevant, are these of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They shouldn’t be construed because the views or suggestions of The Economic Times Digital or the journalist. Readers are suggested to contemplate the unique analysis report and make their capital allocation selections primarily based on their very own evaluation. Brokerage disclaimers here
