Elin Electronics Limited IPO
MainboardHousehold Appliances
Listed On: Dec 30, 2022 at ₹ 244.0(NSE)
₹ 14820 /60 Shares
Check Allotment20 Dec, 2022
Open Date22 Dec, 2022
Close Date27 Dec, 2022
Allotment Date30 Dec, 2022
Listing DatePrice Summary
Last Closing
194.33 (-21.32%)52 Week High
239.3752 Week Low
108.21Last Update
14-Oct-2025 3:30 PMElin Electronics Limited IPO Issue Details
- Issue Price ₹234-247 per equity share
- Face Value ₹5 Per Equity Share
- Issue Price [.] 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) - Listing at BSE, NSE
- List Price 244.0(NSE)
- Listing Date 2022-12-30
- Lead Manager Axis Capital Limited ,JM Financial Limited
- Registrar KFin Technologies Limited
Elin Electronics Limited IPO Details
- Retail Portion 35% (Number of Retail Applications : 1,12,170 Approx),
(Number of sHNI Applications : 1,140 Approx),
(Number of bHNI Applications : 2,280 Approx)
Elin Electronics Limited IPO Details
The IPO of Elin Electronics Limited is priced at ₹234-247 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Dec 20, 2022 and ends on Dec 22, 2022. The allotment for Elin Electronics Limited IPO will be finalized on Dec 27, 2022. Elin Electronics Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 30, 2022. The company shall list its equity shares on the BSE, NSE. KFin Technologies Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Axis Capital Limited ,JM Financial Limited.
The Elin Electronics Limited IPO sets its price band at 234-247 for each share. A single application for Elin Electronics Limited IPO must contain at least 60 shares.
Elin Electronics Limited IPO Subscription Analysis And 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 |
Elin Electronics Limited Valuations
Elin Electronics Limited Company Financials
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 532.61 | 508.31 | 387.63 | 397.73 |
| Revenue | 1094.67 | 864.9 | 786.37 | 829.74 |
| Profit After Tax | 39.15 | 34.86 | 27.49 | 29.07 |
About Elin Electronics Limited 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 - Promoter(s)
Mangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia and Vinay Kumar Sethia
Pre Issue Share Holding : N/A%
Post Issue Share Holding : N/A%
Elin Electronics Limited IPO - Issue Objectives
Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
Funding capital expenditure towards upgrading and expanding our existing facilities at (i) Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa.
General corporate purposes
Elin Electronics Limited IPO - Anchor Investors
Elin Electronics mobilises Rs 142 crore via anchor book ahead of IPO.
Total 15 investors invested in the company via anchor book including SBI Mutual Fund, Kotak Mahindra Trustee, SBI Life Insurance, Aditya Birla Sun Life Trustee, Pinebridge Global Funds, and PGIM India.
Elin Electronics Limited IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Elin Electronics | 3.28 | 31.3 | 12.92% | 1,095 |
| Dixon Tech | 21.83 | 105 | 21.9% | 10,697 |
| Amber Ent. | 3.76 | 52.2 | 6.67% | 4,206 |
Elin Electronics Limited IPO - FAQs
Ans. Elin Electronics Limited IPO is a Mainboard IPO. The issue is priced at ₹234-247 per equity share. The minimum order quantity is 60 Shares. The IPO opens on Dec 20, 2022, and closes on Dec 22, 2022. KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Elin Electronics Limited IPO opens on Dec 20, 2022 and closes on Dec 22, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Elin Electronics Limited IPO is [.] 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).
Ans. The Elin Electronics Limited IPO price band is set between ₹234-247 per equity share.
Ans. To apply for Elin Electronics Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Elin Electronics Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Elin Electronics Limited IPO is Dec 27, 2022.
Ans. The Elin Electronics Limited IPO will be listed on Dec 30, 2022.
Ans. Follow the steps to check the Elin Electronics Limited IPO allotment status online.
