Elin Electronics Limited

Elin Electronics Limited

Mainboard

₹14,820 / 60 Shares

Offer Date:Dec 20, 2022 - Dec 22, 2022
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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

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Elin 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.

ApplicationLotsSharesAmount
Retail (Min)160₹14,820
Retail (Max)13780₹1,92,660
S-HNI (Min)14840₹2,07,480
S-HNI (Max)674020₹9,92,940
B-HNI (Min)684080₹10,07,760

Elin Electronics Limited IPO Timeline

IPO Open Date
20 Dec, 2022
IPO Close Date
22 Dec, 2022
Basis of Allotment
27 Dec, 2022
Listing Date
30 Dec, 2022

Issue Price

₹234-247 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFin Technologies Limited

Lead Manager

Axis Capital Limited ,JM Financial Limited

Issue 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 EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 22532.611094.6739.15---
31 Mar 21508.31864.934.86---
31 Mar 20387.63786.3727.49---
31 Mar 19397.73829.7429.07---

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 IssueShare 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.

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Elin Electronics Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved4,059,824
3,044,869

2,029,912    1,014,957
7,104,69314,209,386
Day 1 -20-12-22 05:00 PM
0.01 x
0.43

0.30 x   0.69 x
0.55 x0.37 x
Day 2 -21-12-22 05:00 PM
0.01 x
1.29

0.91 x   2.06 x
1.33 x0.95 x
Day 3 -22-12-22 05:00 PM
4.51 x
3.29

2.99 x   3.89 x
2.20 x3.09 x
Total No. of Applications:

Company Contact Details

Elin Electronics Limited

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -

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.

PD

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.

Elin Electronics Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK