Elin Electronics IPO subscription status started on Monday December 20, 2022 and will close on December 22, 2022. Elin Electronics IPO to raise around ₹472 crores via IPO. The retail quota is 35%, QIB is 50%, and NII is 15%. The price band is fixed at ₹234 to ₹247 per equity share.
The Elin Electronics IPO minimum market lot is 60 shares with ₹14,820 application amount. The retail investors can apply up-to 13 lots with 780 shares or ₹192,660 amount. The IPO to list on BSE and NSE.
Elin Electronics Limited offers various products and services to its OEM customers. They are a one-stop solution provider, that offers Electronic Manufacturing Services, Universal Motors, Induction Motors, Design & Manufacturing of Tools/Moulds/Dies, Domestic Kitchen Appliances, Personal Care Products, Lighting Products & Automotive Components.
IPOWatch View
We recommend investors may apply an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing. You can check the Elin Electronics IPO allotment status here.
Elin Electronics IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.01 | 0.01 | 4.51 |
| NII | 0.43 | 1.29 | 3.29 |
| RII | 0.55 | 1.33 | 2.20 |
| Total | 0.37 | 0.95 | 3.09 |
Elin Electronics IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Elin Electronics IPO Review
- May Apply
Elin Electronics IPO Date & Price Band
| IPO Open: | December 20, 2022 |
| IPO Close: | December 22, 2022 |
| IPO Size: | Approx ₹475 Crores |
| Fresh Issue: | Approx ₹175 Crores |
| Offer for Sale: | Approx ₹300 Crores |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹234 to ₹247 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Elin Electronics IPO Market Lot
| Application | Lot Size | 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 | 4,080 | ₹1,007,760 |
Elin Electronics IPO Subscription Dates
| Price Band Announcement: | December 15, 2022 |
| Anchor Investors Allotment: | December 19, 2022 |
| IPO Open Date: | December 20, 2022 |
| IPO Close Date: | December 22, 2022 |
| Basis of Allotment: | December 27, 2022 |
| Refunds: | December 28, 2022 |
| Credit to Demat Account: | December 29, 2022 |
| Elin Electronics IPO Listing Date: | December 30, 2022 |
Elin Electronics IPO Form
How to apply for the Elin Electronics IPO? You can apply for Elin Electronics IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Elin Electronics IPO in the Invest section. The other option is you can apply for Elin Electronics IPO via IPO forms downloaded via BSE and NSE. Check out the Elin Electronics forms – Click BSE and NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
