Elin Electronics IPO

Elin Electronics IPO Review

Elin Electronics IPO Overview

Elin Electronics Limited, founded in 1969, is a prominent provider of electronics manufacturing services (“EMS”). In India, the firm is a manufacturer of end-to-end product solutions for major brands of lights, fans, and small/kitchen appliances, as well as one of the top makers of fractional horsepower motors.

Elin Electronics Limited develops and assembles a diverse range of products and offers complete product solutions. The company’s business models include both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”).

In the EMS market, the company’s diverse product line comprises I LED lighting, fans and switches, including lighting products, ceiling, fresh air, and TPW fans, as well as modular switches and sockets.

(ii) small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryers, and straighteners; (iii) fractional horsepower motors used in mixer grinders, hand blenders, wet grinders, chimneys, air conditioners, heat convectors, TPW fans, and other miscellaneous products; and (iv) other miscellaneous products.

The firm has three production sites strategically positioned in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh), and Verna (Himachal Pradesh) (Goa).

The firm also has a centralised R&D centre in Ghaziabad (Uttar Pradesh) that focuses on all areas of OEM and ODM models, including idea drawing, design refining, creating extra features, and testing.

Elin Electronics IPO Details

IPO Date

Dec 20, 2022 to Dec 22, 2022

Listing Date

[.]

Face Value

₹5 per share

Price

₹234 to ₹247 per share

Lot Size

60 Shares

Issue Size

[.] shares of ₹5

(aggregating up to ₹475.00 Cr)

Fresh Issue

[.] shares of ₹5

(aggregating up to ₹175.00 Cr)

Offer for Sale

[.] shares of ₹5

(aggregating up to ₹300.00 Cr)

Issue Type

Book Built Issue IPO

Listing At

BSE, NSE

QIB Shares Offered

50% of the Offer

NII (HNI) Shares Offered

15% of the Offer

Retail Shares Offered

35% of the Offer

Company Promoters

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 IPO Financial Performance

Period Ended

Total Assets

Total Revenue

31-Mar-19

397.73

829.74

31-Mar-20

387.63

786.37

31-Mar-21

508.31

864.9

31-Mar-22

532.61

1094.67

30-Sep-22

589.24

604.74

Amount in ₹ Crore

Period Ended

Profit After Tax

Total Borrowing

31-Mar-19

29.07

86.64

31-Mar-20

27.49

69.89

31-Mar-21

34.86

113.77

31-Mar-22

39.15

102.33

30-Sep-22

20.67

102.77

Amount in ₹ Crore

Elin Electronics IPO Key Ratios

 

FY 2020

FY 2021

FY 2022

EPS

6.73

8.53

9.59

PE ratio

24.40 – 25.76

RONW (%)

12.07

13.29

12.92

NAV

74.21

ROCE (%)

15.44

14.90

15.82

EBITDA (%)

7.16

8.00

7.31

Debt/Equity

0.27

0.42

0.32

Listing Performance of Elin Electronics IPO

Listed On : NSE BSE

Issue Price : ₹234 to ₹247 per share

Listing Day Close :

Listing Day Gain :

Elin Electronics IPO ISIN Number Code

NSE : NA

ISIN CODE : NA

BSE : NA

Elin Electronics IPO Allotment Status

BSE IndiaClick Here

KfintechClick Here

Link InTimeClick Here

Elin Electronics IPO Important Dates

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 IPO Contact Details

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 Registrar Contact Details

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: elinindia.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Elin Electronics IPO FAQ's

The Elin Electronics IPO is a BSE NSE IPO of 60 equity shares of the face value of ₹5 per share. The issue is priced at ₹234 to ₹247 per equity share.

The issue size is priced at [.] shares of ₹5 (aggregating up to ₹475.00 Cr).    

The Fresh issue size is priced at [.] shares of ₹5 (aggregating up to ₹175.00 Cr)

The Offer for sale priced at [.] shares of ₹5 (aggregating up to ₹300.00 Cr).

The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

The Elin Electronics IPO opens on Dec 20, 2022 and closes on Dec 22, 2022. The IPO Issue date may list on Dec 30, 2022.

Elin Electronics IPO Market lot size is 60 Shares and the minimum order quantity is 60 Shares.

The finalization of Basis of Allotment for Elin Electronics IPO will be done on Dec 27, 2022. and the allotted shares will be credited to your demat account by Dec 29, 2022. Check the Elin Electronics IPO status.

The Elin Electronics IPO listing date is on Dec 30, 2022.

Elin Electronics IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Elin Electronics IPO Comments