Elin Electronics Limited
- IPO Date20 Dec, 2022 to 22 Dec, 2022
- Listing Date30 Dec, 2022
- Face Value₹5 per share
- Issue Price₹234 to ₹247 per share
- Lot Size60 Shares
- Minimum Investment₹14,820
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
22 Dec, 2022
Initiation of Refunds
29 Dec, 2022
Listing Date
30 Dec, 2022
20 Dec, 2022
Opening Date
27 Dec, 2022
Basis of Allotment
29 Dec, 2022
Credit of Shares
Elin Electronics Limited Lot Size
Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹14,820 |
| Retail (Max) | 13 | 780 | ₹1,92,660 |
| S-HNI (Min) | 14 | 840 | ₹2,07,480 |
| S-HNI (Max) | 67 | 4020 | ₹9,92,940 |
| B-HNI (Min) | 68 | 4080 | ₹10,07,760 |
Elin Electronics Limited Promoter Holding
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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 53.98% | 32.93% |
Elin Electronics Limited COMPANY INFORMATION
Elin Electronics IPO is a book built issue of Rs 475.00 crores. The issue is a combination of fresh issue of Rs 175.00 crores and offer for sale of Rs 300.00 crores. Elin Electronics IPO bidding started from December 20, 2022 and ended on December 22, 2022. The allotment for Elin Electronics IPO was finalized on Tuesday, December 27, 2022. The shares got listed on BSE, NSE on December 30, 2022. Elin Electronics IPO price band is set at ₹234 to ₹247 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (840 shares), amounting to ₹207,480, and for bNII, it is 68 lots (4,080 shares), amounting to ₹1,007,760. Axis Capital Limited and Jm Financial Limited are the book running lead managers of the Elin Electronics IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Elin Electronics IPO RHP for detailed information.
Incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services ("EMS") provider. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India.
Elin Electronics Limited manufactures and assembles a wide array of products and provides end-to-end product solutions. The company serve 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 facilities which are strategically located in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh) and Verna (Goa).
The company also has a centralized R&D centre 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.
FAQs About Elin Electronics Limited
Elin Electronics Limited will open on 20 Dec, 2022 and close on 22 Dec, 2022. Investors must apply within this period to participate.
The Elin Electronics Limited price band is set between ₹234.00 and ₹247.00 per share. The minimum lot size is 60, requiring an investment of at least ₹14820.00.
The Elin Electronics Limited shares are expected to be listed on 30 Dec, 2022, subject to regulatory approvals and final allotment.
You can track your Elin Electronics Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Elin Electronics Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.