Elin Electronics IPO GMP, Price, Date, Allotment

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ELIN ELECTRONICS IPO GMP

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.

Elin Electronics

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 Dates20 – 22 December 2022
Elin Electronics IPO Price INR 234 – 247 per share
Fresh issueINR 175 crore
Offer For SaleINR 300 crore
Total IPO sizeINR 475 crore
Minimum bid (lot size)60 shares (INR 14,820)
Face Value INR 5 per share
Retail Allocation35%
Listing OnNSE, BSE

Elin Electronics Financial Performance

 FY 2019FY 2020FY 2021FY 2022H1 FY 2023
Revenue828.55785.58862.381,093.75604.46
Expenses791.79751.27817.411,041.79577.16
Net income29.0727.4934.8639.1520.67
Margin (%)3.513.504.043.733.42
Figures in INR crore unless specified otherwise

Elin Electronics Offer News


Elin Electronics Valuations & Margins

FY 2020FY 2021FY 2022
EPS6.738.539.59
PE ratio24.40 – 25.76
RONW (%)12.0713.2912.92
NAV74.21
ROCE (%)15.4414.9015.82
EBITDA (%)7.168.007.31
Debt/Equity 0.27 0.420.32
*Compiled by IPO Central from Prospectus

Elin Electronics IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
29 Dec 2022(5)
28 Dec 2022
27 Dec 20225
26 Dec 20225
24 Dec 20223
23 Dec 20225
22 Dec 20225
21 Dec 202245200900
20 Dec 2022452501,400
19 Dec 2022503001,500
17 Dec 202250

Elin Electronics IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered40,59,8243,044,86971,04,6931,42,09,386
22 Dec 20224.513.292.203.09
21 Dec 20220.011.291.330.95
20 Dec 20220.010.460.640.42
As on 07:00:00 PM

Elin Electronics IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research – Neutral
Asit C Mehta –
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Choice Broking –
Dalal & Broacha –
Elite Wealth – Subscribe
Geojit –
GEPL Capital – Subscribe for listing gains
Hem Securities – Subscribe
ICICIdirect – Subscribe
Jainam Broking – Subscribe for long term
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities – Subscribe
Religare Broking –
Samco Securities –
SMC Global – 1.5/5
Swastika Investmart –
Ventura Securities – Subscribe


Elin Electronics Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone:
 +91 40 6716 2222
Email: 
[email protected]
Website: 
www.kfintech.com


Elin Electronics Contact Details

ELIN ELECTRONICS LIMITED
4771, Bharat Ram Road,
23, Daryaganj, New Delhi – 110002
Phone: +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 Date20 December 2022
Elin Electronics IPO Closing Date22 December 2022
Finalisation of Basis of Allotment27 December 2022
Initiation of refunds28 December 2022
Transfer of shares to demat accounts29 December 2022
Elin Electronics IPO Listing Date30 December 2022
Opening Price on NSEINR 244 per share (down 1.21%)
Closing Price on NSEINR 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.

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