
Elin Electronics Limited
Mainboard₹14,820 / 60 Shares
Elin Electronics Limited IPO Details
The Elin Electronics Limited IPO price band is set between ₹234-247 per equity share, with a face value of ₹5 per share. The issue is managed by KFin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 20 Dec, 2022 and closes on 22 Dec, 2022. Investors can check the allotment status on 27 Dec, 2022, while the listing date is tentatively scheduled for 30 Dec, 2022.
The total issue size is [.] shares of ₹5 , aggregating up to ₹475.00 Cr. Stay tuned for the latest Elin Electronics Limited IPO review and GMP updates.
Elin Electronics Limited IPO Review, Rating & Analysis
Elin Electronics Limited IPO Review
NO REVIEWElin Electronics Limited IPO Rating
Elin Electronics Limited IPO Highlights
IPO Date
Dec 20, 2022 - Dec 22, 2022
Listing Date
30 Dec, 2022
Face Value
₹5 Per Equity Share
Price Band
₹234-247 per equity share
Lot Size
60 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Elin Electronics Limited IPO Lot Size
The minimum market lot for Elin Electronics Limited IPO is 60 shares with an application amount of ₹14,820. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹14,820 |
| Retail (Max) | 13 | 780 | ₹1,92,660 |
| S-HNI (Min) | 14 | 840 | ₹2,07,480 |
| S-HNI (Max) | 67 | 4020 | ₹9,92,940 |
| B-HNI (Min) | 68 | 4080 | ₹10,07,760 |
Elin Electronics Limited IPO Timeline
Issue Price
₹234-247 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
KFin Technologies LimitedLead Manager
Axis Capital Limited ,JM Financial LimitedIssue Size
[.] shares of ₹5 (aggregating up to ₹475.00 Cr)#Fresh Issue: [.] shares of ₹5 (aggregating up to ₹175.0 Cr)#Offer for Sale: [.] shares of ₹5 (aggregating up to ₹300.0 Cr)Elin Electronics Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 532.61 | 1094.67 | 39.15 | - | - | - |
| 31 Mar 21 | 508.31 | 864.9 | 34.86 | - | - | - |
| 31 Mar 20 | 387.63 | 786.37 | 27.49 | - | - | - |
| 31 Mar 19 | 397.73 | 829.74 | 29.07 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia and Vinay Kumar Sethia
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A% | N/A% |
About Company
Incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services (EMS) provider. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India.
Elin Electronics Limited manufactures and assembles a wide array of products and provides end-to-end product solutions. The company serve under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models.
The company's diversified product portfolio in EMS includes (i) LED lighting, fans and switches including lighting products, ceiling, fresh air and TPW fans, and modular switches and sockets, (ii) small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryer and hair straightener; (iii) fractional horsepower motors, which is used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, TPW fans etc.; and (iv) other miscellaneous products.
The company has three manufacturing facilities which are strategically located in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh) and Verna (Goa).
The company also has a centralized R&D centre in Ghaziabad (Uttar Pradesh), focusing on the research and development of all aspects of OEM and ODM models including concept sketching, design refinement, generating optional features and testing.
In Fiscals 2019, 2020 and 2021 and the six months ended September 30, 2021, the company catered to 289, 327, 387 and 267 customers, respectively.
The company's revenue from operations in Fiscals 2019, 2020 and 2021 and the six-month period ended September 30, 2021, was Rs 8,285.45 million, Rs 7,855.84 million, Rs 8,623.78 million and Rs 5,182.46 million, respectively.
Elin Electronics Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,059,824 | 3,044,869 2,029,912 1,014,957 | 7,104,693 | 14,209,386 |
Day 1 -20-12-22 05:00 PM | 0.01 x | 0.43 0.30 x 0.69 x | 0.55 x | 0.37 x |
Day 2 -21-12-22 05:00 PM | 0.01 x | 1.29 0.91 x 2.06 x | 1.33 x | 0.95 x |
Day 3 -22-12-22 05:00 PM | 4.51 x | 3.29 2.99 x 3.89 x | 2.20 x | 3.09 x |
Frequently Asked Questions about Elin Electronics Limited IPO
When will Elin Electronics Limited IPO open for subscription?
The Elin Electronics Limited IPO opens on 20 Dec, 2022 and closes on 22 Dec, 2022.
What is the investors portion for Elin Electronics Limited IPO?
The investors' portion for QIB is 4.51 x, NII is 2.99 x, and Retail is 2.20 x.
How to apply for Elin Electronics Limited IPO?
You can apply for Elin Electronics Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Elin Electronics Limited IPO?
The issue size of Elin Electronics Limited IPO is approx ₹[.] shares of ₹5 (aggregating up to ₹475.00 Cr)#Fresh Issue: [.] shares of ₹5 (aggregating up to ₹175.0 Cr)#Offer for Sale: [.] shares of ₹5 (aggregating up to ₹300.0 Cr) crores.
What is the price band of Elin Electronics Limited IPO?
The price band for Elin Electronics Limited IPO is ₹234 to ₹247 per equity share.
What is the lot size of Elin Electronics Limited IPO?
The minimum bid (lot size) for Elin Electronics Limited IPO is N/A shares with an investment of approx ₹14,820 .
What is the allotment date of Elin Electronics Limited IPO?
The allotment date for Elin Electronics Limited IPO is 27 Dec, 2022.
What is the listing date of Elin Electronics Limited IPO?
The listing date for Elin Electronics Limited IPO is expected to be 30 Dec, 2022.
What is the GMP of Elin Electronics Limited IPO?
The latest Grey Market Premium (GMP) for Elin Electronics Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
