Elin Electronics IPO Details

Elin Electronics IPO subscription is to open on Dec 20, 2022 and will close on Dec 22, 2022, the price band of the Elin Electronics IPO is fixed at ₹ 234 – ₹ 247.

Elin Electronics IPO

About Elin Electronics

Elin Electronics 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, and are one of the largest fractional horsepower motors manufacturers in India.

Elin Electronics manufacture and assemble a wide array of products and provide end-to-end product solutions. Elin Electronics serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models. Under the OEM model, EMS manufacture and supply products basis designs developed by the customers, who then further distribute these products under their own brands. Under the ODM model, in addition to manufacturing, EMS conceptualize and design the products which are then marketed to the customers’ prospective customers under their brands. EMS has developed ODM capabilities with respect to lighting products and small appliances

Objects of the Issue

  • Repayment/ prepayment, in full or part, of certain borrowings availed by the company;
  • Funding capital expenditure towards upgrading and expanding the existing facilities at (i) Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa; and
  • General corporate purposes

Elin Electronics Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in million)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Assets 5,326.13 5,082.90 3,876.13
Total income 10,946.68 8,649.02 7,863.72
Total Expenses 10,417.95 8,174.10 7,512.67
Profit After Tax 391.47 348.57 274.87

Elin Electronics IPO Price Details

DescriptionIPO Details
Public IssueInitial Public Issue of upto [.] Equity Shares of ₹ 5 (aggregating up to ₹ 4,750 million)
Issue Open  Date20-Dec-22
Issue Close Date22-Dec-22
Issue TypeBook Building
IPO Price Band₹ 234 – ₹ 247
Face Value ₹ 5
Market Lot 60 Equity Shares and in multiples thereof
Minimum Order Quantity 60 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Elin Electronics IPO DRHP & RHP

Elin Electronics IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum160₹ 14,820
Maximum13780₹ 1,92,660

Elin Electronics IPO Lead Managers

  • Axis Capital Limited
  • JM Financial Limited

Elin Electronics IPO Registrar

Elin Electronics IPO Allotment Date, Listing Date and other Important Dates

Bid / Offer Opens on20-Dec-22
Bid / Offer Closes on22-Dec-22
Finalisation of Basis of Allotment27-Dec-22
Initiation of refunds 28-Dec-22
Credit of the Equity Shares29-Dec-22
Listing Date30-Dec-22

Company Corporate Office

4771, Bharat Ram Road,
23, Daryaganj,
New Delhi – 110002,
Website: www.elinindia.com

Company Registered Office

143, Cotton Street,
Kolkata – 700 007,
West Bengal, India

Company Promoters

  • Mangi Lall Sethia
  • Kamal Sethia
  • Kishore Sethia
  • Gaurav Sethia
  • Sanjeev Sethia
  • Sumit Sethia
  • Suman Sethia
  • Vasudha Sethia and
  • Vinay Kumar Sethia

Elin Electronics IPO – FAQS

What is the Elin Electronics IPO Price?

The Elin Electronics IPO price band is ₹ 234 – ₹ 247 per share

When Elin Electronics IPO will open?

The Elin Electronics IPO opens on Dec 20, 2022 and closes on Dec 22, 2022

What is the lot size of Elin Electronics IPO?

The Elin Electronics IPO lot size is 60 Equity Shares and the minimum order quantity is 60 Equity Shares

Who is the Registrar for Elin Electronics IPO?

The Registrar for Elin Electronics IPO is KFin Technologies Private Limited

How to apply in Elin Electronics IPO through UPI?

Check the step by step process here – Click here

How to apply in Elin Electronics IPO through Zerodha?

Check the step by step process here – Click here

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