The Elin Electronics IPO has begun on 20-Dec-2022. It will close on 22-Dec-2022. The Total IPO Size is 475 Crore. The company set its IPO price is 234-247 Rs Per Share. Basically, there are three basic categories in Elin Electronics IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Retail Individual Investors (RIIs).
Elin Electronicsis established in 1982.
Elin Electronics IPO:is a leading electronics manufacturing services (“EMS”) manufacturer of end-to end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and are one of the largest fractional horsepower motors manufacturers in India.
key 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 such as terminal block for air conditioners, stainless steel blade for mixer grinders, die casting, radio sets.
Read : Upcoming IPO
Industry Peers
1) Dixon Technologies (India) Ltd
2) Amber Enterprises India Limited
Elin Electronics IPO Promotors
1) Mangi Lall Sethia
2) Kamal Sethia
3) Kishore Sethia
4) Vinay Kumar Sethia
5) Gaurav Sethia
6) Sanjeev Sethia
7) Sumit Sethia
8) Suman Sethia
9) Vasudha Sethia
Elin Electronics IPO Date, Details & Price Band
| IPO Opening Dates | 20-Dec-2022 |
| IPO Closing Dates | 22-Dec-2022 |
| Price Band | 234-247 ₹ |
| Offer For Sale | 300 Crore |
| Fresh issue | 175 Crore |
| Total size | 475 Crore |
| Minimum bid (lot size) | 60 Shares |
| Face Value | 5 Rs share |
| QIB Allocation | 50% |
| NII Allocation | 15% |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Elin Electronics IPO Market Lot
The Elin Electronics IPO minimum market lot is 60 shares With 14,820 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 60 | 14,820 Rs |
| Retail Maximum | 13 | 780 | 1,92,660 Rs |
| S-HNI Minimum | 14 | 840 | 2,07,480 Rs |
| Retail Maximum | 68 | 4,080 | 10,07,760 |
Restated Financial Record of the three year (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | Earnings per equity share (Basic) | Net asset value per Equity Share (₹) | |
| 31-Mar-22 | 532.61 | 1094.67 | 39.15 | 9.20 | 74.21 |
| 31-Mar-21 | 508.31 | 864.9 | 34.86 | 8.19 | – |
| 31-Mar-20 | 387.63 | 786.37 | 27.49 | 6.46 | – |
Elin Electronics IPO GMP & Grey Market Premium
Elin Electronics IPO GMP Grey market premium has been started today. Check Latest Elin Electronics IPO GMP, Kostak Rates and Subject to Sauda Price here.
Elin Electronics IPO Reviews
Angel Broking – Update Soon
Elin Electronics IPO DRHP & RHP
| DRHP | Download |
| RHP | Download |
Elin Electronics IPO Allotment Date & Details
| Allotment Date | 27-December-2022 |
| Initiation of refunds | 28-December-2022 |
| Transfer of shares to Demat accounts | 29-December-2022 |
| Listing Date | 30-December-2022 |
| Check Allotment Status | Click here |
Registrar of Elin Electronics
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Website: www.kfintech.com
Investor Grievance ID: [email protected]
Contact Person: M Murali Krishna
SEBI Registration Number.: INR00000021
Elin Electronics Contact Details
143, Cotton Street,
Kolkata – 700 007,
West Bengal, India;
Tel: 033 22684329
Tel: + 011 43000400
E-mail: [email protected];
Website: www.elinindia.com;
Corporate Identity Number: U29304WB1982PLC034725
Elin Electronics IPO Lead Managers
JM Financial Limited
Axis Capital Limited