TopShareBrokers.com Logo
FREE Account Opening + Zero AMC Fees* + MutualFund SIP
Loading...

Elin Electronics IPO Details 2022

IPO Status: Listed [20th Dec 2022 to 22nd Dec 2022]

Rated 3 stars Rated 3/5 by Team TopShareBrokers
Elin Electronics IPO Detail

Elin Electronics Limited offers an IPO of issue size of Rs 475.00 Cr, including both Fresh Issue size worth of Rs 175.00 Cr and OFS issue size of worth Rs 300.00 Cr. The subscription of IPO is opening from 20 Dec 2022 to 22 Dec 2022. The IPO price band is Rs 234 to Rs 247 per share and minimum lot size is 60 Shares. The face value of share is Rs 5 per share. This company's IPO is listing on both NSE and BSE.

Stay updated with us to know more about the Elin Electronics Limited IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.

Elin Electronics IPO Details

IPO Issue Opening Date: 20th Dec 2022
IPO Issue Closing Date: 22nd Dec 2022
IPO Issue Price: ₹234-247 Per Share
DRHP: View DRHP
RHP: View RHP
IPO Listing At: BSE, NSE
Retail Quota: 35% of the Offer%
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹475.00Cr
Offer for Sale: ₹300.00Cr
Fresh Issue: ₹175.00Cr
Face Value: ₹5 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 53.98%
Promoter Holding Post IPO: 32.93%
Allotment Status: Allotment Status
BSE Code: 543725
NSE Code: ELIN

IPO Live GMP IPO Live GMP

Elin Electronics IPO Important Dates

In this section we have covered all important dates related to Elin Electronics IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Elin Electronics IPO important dates
IPO Activity Date
Basis of Allotment Date* 27th Dec 2022
Refunds Initiation* 28th Dec 2022
Credit of Shares to Demat* 29th Dec 2022
IPO Listing Date* 30th Dec 2022

* - Tentative Dates

Elin Electronics IPO Lots

IPO Activity Date
Issue Price ₹234-247
Market Lot: 60 Shares
1 Lot Amount: ₹14820
Min Small HNI Lots(2-10 Lakh): 840 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 4080 shares (68 lots)
  • Ranked #1 Broker in India(5*)
  • Get 100% Free Delivery Trading
  • Risk Free Account Opening
  • About Company - Elin Electronics

    Elin Electronics Limited is a flagship company of Elin Group, promoted by the 'Sethia' family. Elin was established in 1969 at DELHI / NCR. They manufacture and assemble a wide array of products and provide end-to-end product solutions. Elin serve under both original equipment manufacturer ('OEM') and original design manufacturer ('ODM') business models.

    Elin offers various products and services to its OEM customers. Elin is a one-stop solution provider, offers Electronic Manufacturing Services, Design & Manufacturing of Electric Motors, Tools/Moulds/Dies, Domestic Kitchen Appliances, Personal Care Products, Lighting Products & Automotive Components.

    Elin is India's largest Fractional Horse Power (FHP) Motors Manufacturer for Mixer Grinders, Juicer Mixer Grinders, Hand Blenders, Ventilation Fans, Table Pedestal Wall Fans, Kitchen Chimneys, Wet Grinders, Air Conditioners & Air Cooler (Synchronous Motors), Personal Fans, Room Heaters. This company will be starting motors manufacturing very soon for Air conditioners – Indoor & Outdoor Motors, Nebulizer Motors, Motors/pumps for Water Purifiers, etc.

    Elin 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 isused 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. In addition to its EMS offerings, Elin Ltd also manufacture medical diagnostic cartridges for use in diagnostic devices, and plastic moulded and sheet metal parts and components, largely for customers in the auto ancillary and consumer durables sectors. They manufacture and sell fractional horsepower motors in its own brand name 'Elin".

    Elin Electronics IPO Strengths

    • Established market position in key verticals including leadership in fractional horsepower motors
    • Diversified products resulting in a de-risked business model
    • Entrenched relationships with a marquee customer base
    • High degree of backward integration resulting in higher efficiencies, enhanced quality of products and customer retention capability
    • Consistent and strong track record of financial performance
    Incorporation Sector IPO Issue Size Website
    1969 Electronic Manufacturing ₹475.00Cr https://www.elinindia.com/

    Elin Electronics IPO Objective

    The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

    1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.

    2. Funding capital expenditure towards upgrading and expanding our existing facilities at (i) Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa.

    3. General corporate purposes

    Request call back from Zerodha

    Elin Electronics IPO Live Subscription (NSE + BSE)

    The table below is live update of IPO bidding details from NSE and BSE.

    • Qualified Institutional Buyers: 4,059,824 Shares
    • Non-Institutional Investors: 3,044,869 Shares
    • Retail Individual Investor: 7,104,693 Shares
    IPO Bidding Live Updates from BSE + NSE
    Day QIBNIIRIITotal
     # of Shares Offered4,059,824 (28.57%)3,044,869 (21.43%)7,104,693 (50%)14,209,386
    120th Dec 2022 17:020.01x0.43x0.55x0.37x
    221st Dec 2022 17:020.01x1.29x1.33x0.95x
    322nd Dec 2022 19:024.51x3.29x2.20x3.09x

    Elin Electronics Financials for past 3 Years

    Past performance and financial results of Elin Electronics.

    Elin Electronics Limited Financial Information (Restated)
    Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
    31-Mar-19397.73829.7429.0786.64
    31-Mar-20387.63786.3727.4969.89
    31-Mar-21508.31864.934.86113.77
    31-Mar-22532.611094.6739.15102.33
    30-Sep-22589.24604.7420.67102.77
    Amount in ₹ Crore

    Company Address

    Elin Electronics Limited
    143, Cotton Street
    Kolkata,West Bengal-700007
    India
    Website: https://www.elinindia.com/
    Phone: +91 011 43000400
    Email: [email protected]

    Elin Electronics IPO Registrar

    KFin Technologies Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India - 500 032.
    Website: https://karisma.kfintech.com/
    Phone: 04067162222, 04079611000
    Email: [email protected]

    Elin Electronics IPO Lead Manager

    1. JM Financial Limited
    2. Axis Capital Limited
    Elin Electronics IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Elin Electronics? Should I apply in Elin Electronics IPO?

    Last Updated on 2023-01-02T08:00:12+00:00

    FAQs

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Elin Electronics IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Elin Electronics IPO with Zerodha.

    Alternate approch to apply in Elin Electronics IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Elin Electronics IPO Review and Important Updates

    Other relevant questions :

    How to subscribe Elin Electronics IPO Zerodha? How to purchase Elin Electronics IPO on Zerodha? Elin Electronics IPO how to buy Zerodha? Elin Electronics IPO Zerodha apply. Elin Electronics IPO purchase Zerodha. Elin Electronics IPO with Zerodha. Elin Electronics IPO at Zerodha. Elin Electronics IPO kite Zerodha. Elin Electronics IPO using Zerodha. Elin Electronics IPO via Zerodha.

     

    Apply in Elin Electronics IPO online

    To subscribe or apply in Elin Electronics IPO, you can use the following methods:

    Elin Electronics IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Elin Electronics IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Elin Electronics IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Elin Electronics IPO. Most of the Syndicate Banks provide access to apply in Elin Electronics IPO via ASBA process. You must have your net banking access, DP ID information to apply in Elin Electronics IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Elin Electronics IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Elin Electronics IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe Elin Electronics IPO? Where to apply for Elin Electronics IPO? How to subscribe Elin Electronics IPO online? Elin Electronics IPO where to apply? Where to buy Elin Electronics IPO online? How to buy Elin Electronics IPO online? How to purchase Elin Electronics IPO? How to get Elin Electronics IPO? How to book Elin Electronics IPO? How to invest Elin Electronics IPO? Elin Electronics IPO kaise buy kare?

     

    Elin Electronics IPO Application is not yet available.

     

    Elin Electronics IPO is going to be list on 30-12-2022. NSE Code for Elin Electronics is ELIN. BSE Code for Elin Electronics is 543725.

    Other relevant questions:

    When Elin Electronics IPO will be listing? Elin Electronics IPO NSE listing date?Elin Electronics IPO date of listing.Elin Electronics IPO BSE listing date?

     

    Elin Electronics IPO Allotment Date is 27-12-2022.

    Other relevant questions:

    Elin Electronics IPO share allotment date?Elin Electronics IPO allotment date?

     


    User Reviews

    avatar
    6. ANONYMOUS Dec 19 2022 10:15:58 PM Reply
    WHERE TO GET FINANCIALS DATA OF ELIN ELETRONICS FROM 2000-2018 ?
    avatar
    5. Shiv  Dec 15 2022 04:59:16 AM Reply
    Elin Electronics IPO expected listing gain.
    avatar
    4. Rajesh kumar Dec 15 2022 04:59:16 AM Reply
    Please confirm Elin Electronics IPO GMP (grey market premium) and kostak.
    avatar
    3. Prashant khole Dec 15 2022 04:59:16 AM Reply
    Elin Electronics IPO good or bad.
    avatar
    2. Bojala Srilatha Dec 15 2022 04:59:16 AM Reply
    Elin Electronics IPO whether to invest or not.
    avatar
    1. Manpreet Seth Dec 15 2022 04:59:16 AM Reply
    Elin Electronics IPO - CRISIL Rating, Apply or not?.