The Elin Electronics IPO Subscription Status has started 20 December 2022 and it is also being subscribed by QIB and NII & RII. let you know that the Elin Electronics IPO has opened on 20 December 2022 and closes on 22 December 2022. Which will be subscribed by 22 December 2022. Elin Electronics IPO is preparing to raise ₹475.00 Cr funds through its Fresh Issue and Offer For Sale, in which Fresh Issue of ₹175.00 Crores and Offer Sale of ₹300.00 Crores. and Elin Electronics IPO Price Band is Fixed ₹234 to ₹247 per share. Check Elin Electronics IPO GMP Here.
Elin Electronics Limited is a leading electronics manufacturing services (“EMS”) provider company. The company is 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.
The company manufacture and assemble a wide array of products and provide end-to-end product solutions. The company serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models.
Elin Electronics IPO reserved shares in this IPO, 50% for QIB and 15% for NII, and 35% for the retail category have been reserved. To know the Elin Electronics IPO Subscription Status, you can see the below-day Subscription. you can check to know Elin electronics IPO Allotment Status here.
Elin Electronics IPO Review :
| Details | Valuation |
|---|---|
| PAT 2022 : | ₹39.15 Cr (March 2022) |
| Issue Price : | ₹247/ EQ (Cut Off) |
| EPS 2022 : | ₹9.59 (March 2022) |
| PE Ratio : | 25.96 (PE Approx) |
| RoNW : | 12.92% (March 2022) |
| NAV Value : | ₹74.21(March 2022) |
| Total Assets : | ₹589.24 Cr (Sep 2022) |
| Market Cap : | ₹1051.58 Cr Approx |
| Promoter Holding : | 53.98% Pre Issue 32.93% Post Issue |
| Team Review : | ● The leading electronics manufacturing services (“EMS”) provider company. ● The PE ratio of the company is very Attractive. ● The company financial performance consistently stable growth.year. ● The Grey market also suggest 10% premium at listing. ● The company promoter stake will decrease lower side but will hold 32.93% stake after issue which is concern. ✔ Apply For Long Term |
Elin Electronics IPO Subscription Status {Live Update} :
The total Elin Electronics IPO Subscription Status subscribed 3.09x times so far, with QIB subscribed 5.51x and NII subscribed 3.29x times & RII 2.20x times and EMP 0.0x times on Day 3. {Update Time : 22 Dec 2022 5:00 Pm}
| Category | Day 1 | Day 2 | Day 3 |
| QIB : | 0.01x | 0.01x | 5.51x |
| NII : _________ bNII (above ₹10L): sNII (below ₹10L): | 0.43x ______ 0.30x 0.69x | 1.29x ______ 0.91x 2.06x | 3.29x ______ 2.99x 3.89x |
| RII : | 0.55x | 1.33x | 2.20x |
| EMP : | 0.0x | 0.0x | 0.0x |
| Total : | 0.37x | 0.95x | 3.09x |
Elin Electronics IPO Net Shares Offered:
Elin Electronics IPO is a public issue of 14,209,386 equity shares. The issue offers 4,059,824 shares to qualified institutional buyers, 3,044,869 shares to non-institutional investors, and 7,104,693 shares to retail investors.
| Category | Net EQ Offer | Amount(in Cr) |
| QIB : | 4,059,824 | 100.28 Cr |
| NII : ________________________ bNII (bids above ₹10L) : sNII (bids below ₹10L) : | 3,044,869 ______________ 2,029,912 1,014,957 | 75.21 Cr _______ 50.14 Cr 25.07 Cr |
| RII : | 7,104,693 | 175.49 Cr |
| Total : | 14,209,386 | 350.97 Cr |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.
● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
Elin Electronics IPO Date & Price Band & Details :
| Issue Type : | Book Building Issue |
| IPO Open : | 20 December 2022 |
| IPO Close : | 22 December 2022 |
| IPO Size : | ₹475.00 Cr {19,230,769 Shares} |
| Face Value : | ₹5. Equity Share |
| Price Band : | ₹234–₹247 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹475.00 Cr {19,230,769 Shares} |
| Fresh Issue : | ₹175.00 Cr {70,85,020 Shares} |
| Offer For Sale : | ₹300.00 Cr {12,145,749 Shares} |
Elin Electronics IPO Market Lot :
Elin Electronics IPO Minimum Market lot is 1 Lot with 60 shares with ₹14,820 Application amount. The retail investors can apply up to 13 lots with 780 Shares or ₹192,660 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 60 | ₹14,820 |
| Retail Maximum : | 13 | 780 | ₹192,660 |
| S-HNI Minimum : | 14 | 840 | ₹207,480 |
| B- HNI Minimum : | 68 | 4080 | ₹10,07,760 |
Elin Electronics IPO Dates :
Elin Electronics IPO Date is 20 December 2022 and closes on 22 December 2022. The allotment will be finalized on 27 December 2022 and the IPO may list on 30 December 2022.
| Open Date : | 20 December 2022 |
| Close Date : | 22 December 2022 |
| Allotment Date : | 27 December 2022 |
| Refund Date : | 28 December 2022 |
| Share Credit Date : | 29 December 2022 |
| Listing Date : | 30 December 2022 |
Elin Electronics IPO Subscription Status FAQs :
How much was the total Elin Electronics IPO Subscription Status?
The total Elin Electronics IPO Subscription Status 0.0x times Day 1.
What is the Elin Electronics IPO retail subscription Status?
Elin Electronics IPO Retail Subscription 0.0x times Day 1.
How much is the Elin Electronics IPO QIB subscription Status?
The Elin Electronics IPO QIB subscription 0.0x times Day 1.
How much did Elin Electronics IPO NII subscribe?
Elin Electronics IPO NII Subscription 0.0x times Day 1.
What is Elin Electronics IPO Allotment Date?
Elin Electronics IPO allotment date is 27 December 2022.
What is Elin Electronics IPO Listing Date?
Elin Electronics IPO listing date is 30 December 2022. The IPO to list on BSE and NSE.
How to Apply the Elin Electronics IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Elin Electronics IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Elin Electronics IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Elin Electronics IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Elin Electronics IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Elin Electronics IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Elin Electronics IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Elin Electronics IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Elin Electronics IPO GMP: Click Here Elin Electronics IPO Details: Click Here Elin Electronics IPO Allotment: Click Here Elin Electronics IPO Listing: Click Here |
All Elin Electronics IPO-related links are available here. If you want to know the details then click on Click Here Link.
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