The leading electronics manufacturing services (“EMS”) company Elin Electronics IPO will be hit the market 20 December 2022 and closes on 22 December 2022. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹475.00 crore through IPO. The company will issue fresh shares of ₹175.00 crores through this IPO and will issue shares through offer for sale of ₹300.00 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
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. You can check to know Elin Electronics IPO GMP here.
| Read also: Upcoming IPO List 2022 |
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. You can check to knnow Elin Electronics IPO subscription status here.
The comany 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. (iv) other miscellaneous products such as terminal block for air conditioners, stainless steel blade for mixer grinders, die casting, radio sets.
The company has three manufacturing facilities which are strategically located in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh) and Verna (Goa). As on October 31, 2022, The company large scale setup included 157 units of molding machines and 104 units of power presses which enable us bringing efficiencies and economies of scale. you can check to know Elin electronics IPO Allotment Status here.
Object Of the Issue :
- Repayment/ prepayment, in full or part, of certain borrowings availed by our Company;
- Funding capital expenditure towards upgrading and expanding our existing facilities at (i) Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa; and
- General corporate purposes (collectively, referred to herein as the “Objects”)
Company Strengths :
- Established market position in key verticals including leadership in fractional horsepower motors
- Diversified products resulting in a de-risked business model
- Entrenched relationships with a marquee customer base
- High degree of backward integration resulting in higher efficiencies, enhanced quality of products and customer retention capability
- Consistent and strong track record of financial performance
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 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 | 36 | ₹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 Shares Offer :
A Total of 19,230,769 shares are to be bid for the public issue by Elin Electronics IPO with 70,85,020 for Fresh issue and 12,145,749 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 70,85,020 | ₹175.00 Cr |
| Offer For Sale : | 12,145,749 | ₹300.00 Cr |
| Total : | 19,230,769 | ₹475.00 Cr |
Elin Electronics IPO Reservation :
Elin Electronics IPO Total Reservation of 19,230,769 shares are to be bid for the public issue by Elin Electronics IPO with 9,615,385 for QIB and 28,84,615 for NII 67,30,769 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 9,615,385 | ₹237.50 Cr |
| NII : | 15% | 28,84,615 | ₹71.25 Cr |
| RII : | 35% | 67,30,769 | ₹166.25 Cr |
| EMP : | – % | – | ₹- |
| Total : | 100% | 19,230,769 | ₹475.00 Cr |
Elin Electronics IPO EPS & RoNW :
The Elin Electronics company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) | Return On Net Worth % |
| 2022 | ₹9.59 | 12.92% |
| 2021 | ₹8.53 | 13.29% |
| 2020 | ₹6.73 | 12.07% |
Elin Electronics IPO Peer Comparison PE :
The Elin Electronics, According to DRHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Dixon Technologies | 140.44 |
| 2. | Amber Enterprises | 62.82 |
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 Form :
There are two ways to apply in Elin Electronics IPO. You can apply for Elin Electronics IPO through ASBA available in your bank account. You have to go to your online bank login and select Elin Electronics IPO in the Invest section and apply through your bank account. Another option is you can apply for Elin Electronics IPO through IPO form download through NSE and BSE. See the Elin Electronics IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Elin Electronics Company Financial Report (millions) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹10,946.68 | ₹10,417.95 | ₹391.47 |
| 2021 | ₹8,649.02 | ₹8,174.10 | ₹348.57 |
| 2020 | ₹7,863.72 | ₹7,512.67 | ₹274.87 |
Company Promoters :
■ Mangi Lall Sethia
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Elin Electronics IPO Lead Managers :
■ Axis Capital Limited
■ JM Financial Limited
Elin Electronics IPO Registrar :
KFin Technologies Limited
Selenium, Tower B, Plot No 31 and 32
Financial District, Nanakramguda,
Serilingampally Hyderabad, Rangareddi – 500032
Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Note: Check Elin Electronics IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Elin Electronics Limited
143, Cotton Street
Kolkata – 700 007
West Bengal, India
Phone: +91 011 43000400
Email: [email protected]
Website: www.elinindia.com
Elin Electronics IPO FAQs :
What is Elin Electronics IPO?
Elin Electronics IPO is Mainboard IPO. They are going to raise ₹475.00 Crores via IPO. The issue is priced at ₹234-₹247 per equity share. The IPO is to be listed on NSE, BSE.
When Elin Electronics IPO will open?
The IPO is to open on 20 Dec – 22 Dec for QIB, NII & RII.
What is Elin Electronics IPO Size?
Elin Electronics IPO size is ₹475.00 Crores.
What is the Fresh issue size of Elin Electronics IPO?
The Fresh issue size of Elin Electronics IPO ₹175.00 Cr.
What is the Offer For Sale size of Elin Electronics IPO?
The Offer For Sale size of Elin Electronics IPO ₹300.00 Cr.
What is Elin Electronics IPO Price Band?
Elin Electronics IPO Price Band is ₹234-₹247 Per share.
What is Elin Electronics IPO Minimum and Maximum Lot Size?
The minimum 60 Shares with ₹14,820 amount while the maximum 780 shares with ₹192,660.
What is Elin Electronics IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
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 NSE, BSE.
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 Subscription: Click Here Elin Electronics IPO Allotment: Click Here Elin Electronics IPO Listing: Click Here Elin Electronics IPO Web Story: 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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