Elin Electronics Limited IPO (Elin Electronics Limited IPO)
Note: Elin Electronics Limited IPO is a BSE NSE IPO. They are going to raise ₹475.00 Crores via IPO. The issue is a price range of ₹234 to ₹247 per Equity Share. The IPO is to be listed on BSE and NSE.
Elin Electronics Limited was incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services (“EMS”) provider. The company manufactures end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India. Elin Electronics Limited is one of the largest fractional horsepower motors manufacturers in India.
Elin Electronics Limited manufactures and assembles various products and provides end-to-end product solutions. The company serves 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 units which are located in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh), and Verna (Goa).
Elin Electronics Limited also has a centralized R&D center 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 2020, 2021, and 2022 and the seven-month period ended October 31, 2022, the company catered to 327, 387, 342, and 297 customers, respectively.
The company’s revenue from operations in Fiscals 2020, 2021, and 2022 and the six-month period ended September 30, 2022, was Rs 7,855.84 million, Rs 8,623.78 million, Rs 10,937.54 million, and Rs 6,044.57 million.
Elin Electronics Limited IPO Financial Reports
| Period
Ended |
Total
Assets |
Total
Revenue |
Profit
After Tax |
Total
Borrowing |
|---|---|---|---|---|
| 31-Mar-19 | 397.73 | 829.74 | 29.07 | 86.64 |
| 31-Mar-20 | 387.63 | 786.37 | 27.49 | 69.89 |
| 31-Mar-21 | 508.31 | 864.9 | 34.86 | 113.77 |
| 31-Mar-22 | 532.61 | 1094.67 | 39.15 | 102.33 |
| 30-Sep-22 | 589.24 | 604.74 | 20.67 | 102.77 |
| Amount in ₹ Crore | ||||
Elin Electronics Limited IPO Date & Price Band
| IPO Open: | December 20, 2022 |
| IPO Close: | December 22, 2022 |
| IPO Size: | Approx ₹24.39 Crores |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹234 to ₹247 per Equity Share |
| IPO Listing on: | BSE, NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
Elin Electronics IPO Market Lot
The Elin Electronics IPO lot size is 60 shares. A retail-individual investor can apply for up to 13 lots (780 shares or ₹192,660).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹14,820 |
| Retail (Max) | 13 | 780 | ₹192,660 |
| S-HNI (Min) | 14 | 840 | ₹207,480 |
| B-HNI (Min) | 68 | 4,080 | ₹1,007,760 |
Elin Electronics IPO Allotment & Listing Dates
The IPO date is December 20 and the IPO close date is December 22, 2022. The IPO allotment date is December 27 and the Elin Electronics IPO listing is on December 30, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 20, 2022 |
| Closing Date | Dec 22, 2022 |
| Basis of Allotment | Dec 27, 2022 |
| Initiation of Refunds | Dec 28, 2022 |
| Credit of Shares to Demat | Dec 29, 2022 |
| Listing Date | Dec 30, 2022 |
Elin Electronics Limited IPO Prospectus
What is the official website of Elin Electronics Limited?
Elin Electronics Limited IPO Official Website is https://www.elinindia.com/
What is the registered address of Elin Electronics Limited?
Elin Electronics Limited
143, Cotton Street,
Kolkata – 700 007,
West Bengal, India
Phone: +91 011 43000400
Email: cs@elinindia.com
Website: https://www.elinindia.com/
Elin Electronics IPO Company Promoter
Mangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia, and Vinay Kumar Sethia are the company promoters.
Elin Electronics Limited IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: elinindia.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Elin Electronics Limited IPO Lead Managers
- Axis Capital Limited
- JM Financial Limited
What is Elin Electronics IPO?
Elin Electronics IPO is a BSE NSE IPO. They are going to raise ₹475.00 Crores via IPO. The issue is a price range of ₹234 to ₹247 per Equity Share. The IPO is to be listed on BSE and NSE.
When will Elin Electronics IPO open?
The IPO will open for NII, QIB, and Retail Investors on December 20, 2022.
What is Elin Electronics IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15% and Retail is 35%.
What is Elin Electronics IPO Size?
The IPO size is ₹475.00 crores.
What is Elin Electronics IPO Price Band?
The IPO Price range of ₹234 to ₹247 per equity share.
What is Elin Electronics IPO Minimum and Maximum Lot Size?
The Elin Electronics IPO lot size is 60 shares. A retail-individual investor can apply for up to 13 lots (780 shares or ₹192,660).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹14,820 |
| Retail (Max) | 13 | 780 | ₹192,660 |
| S-HNI (Min) | 14 | 840 | ₹207,480 |
| B-HNI (Min) | 68 | 4,080 | ₹1,007,760 |
What is Elin Electronics IPO Allotment?
The IPO allotment date is December 27, 2022.
What is Elin Electronics IPO Listing?
The IPO listing date is December 30, 2022. The IPO is to list on BSE and NSE.
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