JSA Advocates & Solicitors and CMS INDUSLAW have emerged as the Ekkaa Electronics IPO legal advisors as the consumer electronics manufacturer moves to tap public markets with a ₹725 crore offering. Ekkaa Electronics (India) Limited has filed a draft red herring prospectus for an initial public offering, comprising a fresh issue of ₹525 crore and an offer for sale aggregating up to ₹200 crore by the selling shareholders. The DRHP was filed with the Securities and Exchange Board of India (SEBI) on 24 September 2026.
Introduction
Ekkaa Electronics is an integrated Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM) of consumer electronics and appliances in India, with a portfolio spanning LED televisions, washing machines, air coolers, multimedia speakers, induction and infrared cooktops, and smart displays. The company also manufactures metal back covers and casings for LED televisions and offers end-to-end services, including product design, sourcing, manufacturing, packaging and assembly, with in-house electrical and mechanical design capabilities.
The proposed IPO comprises a fresh issue of equity shares worth up to ₹525 crore and an Offer for Sale (OFS) of shares worth up to ₹200 crore by promoters Chandra Prakash Gupta and Madhuri Gupta, according to the Draft Red Herring Prospectus filed with SEBI. The company may also consider raising up to ₹105 crore through a pre-IPO placement, and if completed, the fresh issue size will be reduced accordingly.
Deal Value
The proposed IPO is valued at ₹725 crore in aggregate. The company plans to allocate ₹225 crore from the fresh issue towards debt repayment, with outstanding borrowings standing at ₹396.1 crore as of June 2026. A further ₹150 crore is proposed to be used towards working capital requirements, while the balance will be deployed for general corporate purposes.
Legal Teams Involved
JSA Advocates & Solicitors — Advising Ekkaa Electronics (India) Limited
JSA Advocates & Solicitors is advising Ekkaa Electronics on this IPO. The transaction is being led by Arka Mookerjee (Partner), with support from Pracheta Bhattacharya (Partner), Kairav Parikh (Partner), Vatsla Varandani (Senior Associate), Associates Arika Gupta, Aditi Khandal, Ritu R Jaiswal, Sharad Panwar and Johann Duckworth.
- Arka Mookerjee — Partner
- Pracheta Bhattacharya — Partner
- Kairav Parikh — Partner
- Vatsla Varandani — Senior Associate
- Arika Gupta — Associate
- Aditi Khandal — Associate
- Ritu R Jaiswal — Associate
- Sharad Panwar — Associate
- Johann Duckworth — Associate
CMS INDUSLAW — Advising Motilal Oswal Investment Advisors Limited and Shannon Advisors Private Limited (Book Running Lead Managers)
CMS INDUSLAW is advising Motilal Oswal Investment Advisors Limited and Shannon Advisors Private Limited, the book running lead managers on this IPO. The transaction team consisted of Mathew Thomas (Partner), Anjanesh Vatsa (Principal Associate), Aman Bahl (Senior Associate), Associates Preeti Gokhale, Sanjana Gupta, Anupriya Dasila and Anushka Pawar.
- Mathew Thomas — Partner
- Anjanesh Vatsa — Principal Associate
- Aman Bahl — Senior Associate
- Preeti Gokhale — Associate
- Sanjana Gupta — Associate
- Anupriya Dasila — Associate
- Anushka Pawar — Associate
Significance and Impact
This IPO marks a significant milestone for Ekkaa Electronics as it seeks a public listing to strengthen its balance sheet and fund its next phase of growth. The company proposes to use the proceeds from the fresh issue to repay or prepay certain borrowings, fund its working capital requirements and meet general corporate expenses. The dual-track mandate — with JSA on the issuer side and CMS INDUSLAW advising the book running lead managers — reflects the complexity and scale of a mid-market consumer electronics IPO in India.
The involvement of two of India’s prominent law firms underscores the heightened legal advisory activity around Indian ODM and OEM manufacturers accessing public capital markets. Motilal Oswal Investment Advisors and Shannon Advisors are the book-running lead managers to the issue. The IPO price band and issue dates have not yet been disclosed by the company.
Track this and other capital markets mandates on the Deal Meter.
The Ekkaa Electronics ₹725 crore IPO represents a notable public markets transaction in India’s consumer electronics manufacturing space, with JSA Advocates & Solicitors and CMS INDUSLAW anchoring the legal advisory roles for the issuer and the book running lead managers respectively. The DRHP has been filed with SEBI and the transaction remains subject to regulatory review. Further details on pricing and timelines were not disclosed.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
