Biocon Electric Ltd. IPO Details
Biocon Electric was incorporated on November 08, 2019. The company manufactures, processes, assembles, markets and distributes a wide range of electrical and electronic products under the “BIOCON” brand. Its dealer- and distributor-led network covers 25 states and four union territories, with 1,915 channel partners and over 10,000 registered electricians
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 5.9 M | - | - | ₹0 | DRHP DOC |
Biocon Electric issue details
Biocon Electric has 5.9 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Biocon Electric IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Biocon Electric NUMBER OF SHARES ON OFFER
Biocon Electric FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 196.7 | 14.1 | 10.0 | 9.6 | 12.9% |
| FY25 | 142.6 | 11.5 | -5.3 | -6.8 | 15.1% |
| FY24 | 136.5 | 11.0 | -10.1 | -12.0 | 14.2% |
Biocon Electric INFORMATION ON IPO ISSUE
About Biocon Electric
Biocon Electric was incorporated on November 08, 2019. The company manufactures, processes, assembles, markets and distributes a wide range of electrical and electronic products under the “BIOCON” brand. Its dealer- and distributor-led network covers 25 states and four union territories, with 1,915 channel partners and over 10,000 registered electricians
Object of the Issue
- To meet working capital requirements
- General corporate purposes
Biocon Electric - PROMOTERS
| Name |
|---|
| Prakash Chand Jain |
| Ranjeet Kumar Jain |
| Praveen Kumar Jain |
| Vikram Kumar |
| Milap Chand Jain |
Biocon Electric - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Prakash Chand Jain | Managing Director |
| Ranjeet Kumar Jain | Whole-Time Director |
| Praveen Kumar Jain | Executive Director |
| Preeti Jawarilal | Non -Executive Independent Director |
| Dirshak Kumar | Non -Executive Independent Director |
| Bharath Madan Singh Raj | Non -Executive Independent Director |
Biocon Electric Book Running Lead Manager
GYR Capital Advisors Private Limited
bioconelectric.ipo@gyrcapitaladvisors.in
Biocon Electric Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Biocon Electric Strengths
Diversified product portfolio
The company offers over 1,500 SKUs across electrical and electronic categories, including insulation tapes, lighting, switches, switchgear, wires and cables. Its common sales and distribution platform allows multiple product categories to reach the same customers, improving distribution efficiency and market coverage
Quality & compliance
The company holds 12 BIS registrations and licenses covering major electrical and lighting products, along with ISO 9001:2015 and RoHS certifications. Its quality controls include raw material inspection, in-process checks, product testing and final verification to ensure compliance and product quality
Brand marketing strategy
The company markets its “BIOCON” branded electrical products through dealers, distributors, electrician engagement programs and various promotional activities. Its marketing efforts include retail branding, outdoor signage, exhibitions, digital platforms, online advertising and content creation to strengthen brand visibility
Biocon Electric Risks
Counterfeit products risks
Counterfeit or duplicate products sold under or imitating the “BIOCON” brand may reduce customer confidence, divert sales and harm the company’s reputation. Such products may also lead to complaints, returns or warranty claims being wrongly attributed to the company
Working capital intensive
The company’s operations are working capital intensive due to significant inventory levels and trade receivables maintained to support production and customer deliveries. Inefficient management of inventory and customer dues could increase funds tied up in operations and adversely affect its business, financial condition and cash flows
Competition
The company operates in a competitive electrical products market, where established brands, regional players and unorganised participants compete on price, quality, product range, certification and distribution reach. Greater competition or pricing pressure may reduce the company’s sales and margins, adversely affecting its business and financial performance
IPO FAQs
The promoters of the company are Prakash Chand Jain, Ranjeet Kumar Jain, Praveen Kumar Jain, Vikram Kumar and Milap Chand Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.