IPO Status: Listed [20th Dec 2022 to 22nd Dec 2022]
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.
|IPO Issue Opening Date:||20th Dec 2022|
|IPO Issue Closing Date:||22nd Dec 2022|
|IPO Issue Price:||₹234-247 Per Share|
|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|
|Face Value:||₹5 Per Equity Share|
|Promoter Holding Pre IPO:||53.98%|
|Promoter Holding Post IPO:||32.93%|
|Allotment Status:||Allotment Status|
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.
|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
|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)|
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".
|Incorporation||Sector||IPO Issue Size||Website|
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
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||4,059,824 (28.57%)||3,044,869 (21.43%)||7,104,693 (50%)||14,209,386||1||20th Dec 2022 17:02||0.01x||0.43x||0.55x||0.37x||2||21st Dec 2022 17:02||0.01x||1.29x||1.33x||0.95x||3||22nd Dec 2022 19:02||4.51x||3.29x||2.20x||3.09x|
Past performance and financial results of Elin Electronics.
|Period Ended||Total Assets||Total Revenue||Profit After Tax||Total Borrowing|
|Amount in â‚¹ Crore|
Last Updated on 2023-01-02T08:00:12+00:00
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.
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To subscribe or apply in Elin Electronics IPO, you can use the following methods:
|Elin Electronics IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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?
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