Last updated on December 30, 2022
Elin Electronics IPO description – The company 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. It is also among the largest fractional horsepower motor manufacturers in India. In addition, it is one of the key players in LED lighting and flashlight with EMS market share of pproximately 7% in Fiscal 2021.
Elin manufactures and assembles a wide array of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, the company manufactures and supplies products basis designs developed by its customers. Under the ODM model, in addition to manufacturing, the company conceptualize and design the products for its clients.
Its 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.
Promoters of Elin Electronics – Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia and Vinay Kumar Sethia
Elin Electronics IPO Details
| Elin Electronics IPO Dates | 20 – 22 December 2022 |
| Elin Electronics IPO Price | INR 234 – 247 per share |
| Fresh issue | INR 175 crore |
| Offer For Sale | INR 300 crore |
| Total IPO size | INR 475 crore |
| Minimum bid (lot size) | 60 shares (INR 14,820) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Elin Electronics Financial Performance
| Â | FY 2019 | FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 |
| Revenue | 828.55 | 785.58 | 862.38 | 1,093.75 | 604.46 |
| Expenses | 791.79 | 751.27 | 817.41 | 1,041.79 | 577.16 |
| Net income | 29.07 | 27.49 | 34.86 | 39.15 | 20.67 |
| Margin (%) | 3.51 | 3.50 | 4.04 | 3.73 | 3.42 |
Elin Electronics Offer News
Elin Electronics Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 6.73 | 8.53 | 9.59 |
| PE ratio | – | – | 24.40 – 25.76 |
| RONW (%) | 12.07 | 13.29 | 12.92 |
| NAV | – | – | 74.21 |
| ROCE (%) | 15.44 | 14.90 | 15.82 |
| EBITDA (%) | 7.16 | 8.00 | 7.31 |
| Debt/Equity | 0.27 | 0.42 | 0.32 |
Elin Electronics IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 29 Dec 2022 | (5) | – | – |
| 28 Dec 2022 | – | – | – |
| 27 Dec 2022 | 5 | – | – |
| 26 Dec 2022 | 5 | – | – |
| 24 Dec 2022 | 3 | – | – |
| 23 Dec 2022 | 5 | – | – |
| 22 Dec 2022 | 5 | – | – |
| 21 Dec 2022 | 45 | 200 | 900 |
| 20 Dec 2022 | 45 | 250 | 1,400 |
| 19 Dec 2022 | 50 | 300 | 1,500 |
| 17 Dec 2022 | 50 | – | – |
Elin Electronics IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 40,59,824 | 3,044,869 | 71,04,693 | 1,42,09,386 |
| 22 Dec 2022 | 4.51 | 3.29 | 2.20 | 3.09 |
| 21 Dec 2022 | 0.01 | 1.29 | 1.33 | 0.95 |
| 20 Dec 2022 | 0.01 | 0.46 | 0.64 | 0.42 |
Elin Electronics IPO Reviews – Subscribe or Avoid?
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Elin Electronics Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222
Email:Â [email protected]
Website:Â www.kfintech.com
Elin Electronics Contact Details
ELIN ELECTRONICS LIMITED
4771, Bharat Ram Road,
23, Daryaganj, New Delhi – 110002
Phone:Â +91 011 43000400
Email: [email protected]
Website: www.elinindia.com
Elin Electronics IPO Allotment Status
Elin Electronics IPO allotment is now available on KFin Tech website. Click on this link to get allotment status.
Elin Electronics IPO Dates & Listing Performance
| Elin Electronics IPO Opening Date | 20 December 2022 |
| Elin Electronics IPO Closing Date | 22 December 2022 |
| Finalisation of Basis of Allotment | 27 December 2022 |
| Initiation of refunds | 28 December 2022 |
| Transfer of shares to demat accounts | 29 December 2022 |
| Elin Electronics IPO Listing Date | 30 December 2022 |
| Opening Price on NSE | INR 244 per share (down 1.21%) |
| Closing Price on NSE | INR 229.25 per share (down 7.19%) |
Elin Electronics IPO FAQs
How many shares in Elin Electronics IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Elin Electronics Public Offer?
The best way to apply in Elin Electronics public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Elin Electronics IPO GMP today?
Elin Electronics IPO GMP today is a discount of INR 5 per share.
What is Elin Electronics kostak rate today?
Elin Electronics kostak rate today is NA per application.
What is Elin Electronics Subject to Sauda rate today?
Elin Electronics Subject to Sauda rate today is NA per application.
