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Elin Electronics IPO Date, Review, Price, Allotment, Analysis

Elin Electronics IPO

Table of Contents

Elin Electronics IPO Details: Elin Electronics IPO date is fixed, the IPO is to hit the market on December 20 and will close on December 22. Elin Electronics IPO to raise around ₹472 crores via IPO that comprises fresh issue of ₹175 crores and offer for sale up to ₹300 crores of ₹5 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

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.

Elin is one of the leading electronics manufacturing services providers to major brands of lighting, fans, and small/ kitchen appliances in India. Elin has three manufacturing plants in that one is located at Ghaziabad (NCR), one in Baddi (HP) & one in Goa. The company is an ISO 9001, ISO 14001 & IATF 16949 certified company and a flagship company of Elin Group. The company is promoted by the “Sethia” family.

Elin is India’s largest Fractional Horse Power (FHP) Motors Manufacturer for Mixer Grinders, Juicer Mixer Grinders, Hand Blenders, Ventilation Fans, Table Pedestal Wall Fans, Kitchen Chimneys, Wet Grinders, Air Conditioners & Air Coolers (Synchronous Motors), Personal Fans, Room Heaters. Our company will be starting motor manufacturing very soon for Air conditioners – Indoor & Outdoor Motors, Nebulizer Motors, Motors/pumps for Water Purifiers, etc. They are the leading Fractional Horse Power (FHP) Motors Manufacturer and Supplier in India with 10 Million Motors annual capacity.

Important Details

  • One of the leading electronics manufacturing services providers to major brands.
  • India’s largest Fractional Horse Power (FHP) Motors Manufacturer and Supplier in India with 10 Million Motors annual capacity.

Elin Electronics IPO Review (Apply or Not)

  • May Apply

Brokerage Firm IPO Review

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated soon

Elin Electronics IPO Date & Price Band Details

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
Anchor Investors List:Click Here

Elin Electronics IPO Market Lot

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.

ApplicationLot SizeSharesAmount
Retail Minimum160₹14,820
Retail Maximum13780₹192,660
S-HNI Minimum14840₹207,480
B-HNI Minimum684,080₹1,007,760

Elin Electronics IPO Allotment & Listing Dates

The Elin Electronics IPO date is December 20 and the close date is December 22. The Elin Electronics IPO allotment will be finalized on December 27 and the IPO listing on December 30.

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

You can check IPO subscription status and IPO allotment status on their respective pages.

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 NSE and BSE. Check out the Elin Electronics forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Elin Electronics Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2020₹786₹751₹27.49
2021₹865₹817₹38.86
2022₹1095₹1042₹39.15
2022 6M₹605₹577₹20.67

Elin Electronics IPO Valuation – FY2022

Check Elin Electronics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹9.20 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):12.92%
Net Asset Value (NAV):₹74.21 per Equity Share

Peer Group

  • Dixon Technologies (India) Ltd
  • Amber Enterprises India Limited

Company Promoters

  • Mangi Lall Sethia
  • Kamal Sethia
  • Kishore Sethia
  • Gaurav Sethia
  • Sanjeev Sethia
  • Sumit Sethia
  • Suman Sethia
  • Vasudha Sethia
  • Vinay Kumar Sethia

Elin Electronics IPO Registrar

KFin Technologies Private 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]
Website: www.kfintech.com

Elin Electronics IPO Allotment Status Check

Check Elin Electronics IPO allotment status on KFintech website allotment URL. Click Here

Elin Electronics IPO Lead Managers

  • Axis Capital Limited
  • JM Financial Limited

Company Address

Elin Electronics Limited
143, Cotton Street, Kolkata – 700 007,
West Bengal, India
Tel: 033 22684329
E-mail: [email protected]
Website: www.elinindia.com

Elin Electronics IPO FAQs

What is Elin Electronics IPO?

Elin Electronics IPO is a main-board IPO. They are going to raise ₹475 Crores via IPO. The issue is priced at ₹234 to ₹247 pr equity share. The IPO is to be listed on BSE & NSE.

When Elin Electronics IPO will open?

The IPO is to open on December 20, 2022 for QIB, NII, and Retail Investors.

What is Elin Electronics IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Elin Electronics IPO?

You can apply for Elin Electronics IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Elin Electronics IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Elin Electronics”. 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. Open Demat Account with Zerodha.

How to Apply the Elin Electronics IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Elin Electronics”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Elin Electronics IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Elin Electronics”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Elin Electronics IPO Size?

Elin Electronics IPO size is ₹475 crores.

What is Elin Electronics IPO Price Band?

Elin Electronics IPO Price Band is ₹234 to ₹247.

What is Elin Electronics IPO Minimum and Maximum Lot Size?

The minimum bid is 60 Shares with ₹14,820 amount while the maximum bid is 780 shares with ₹192,660.

What is the Elin Electronics IPO Allotment Date?

Elin Electronics IPO allotment date is December 27, 2022.

What is the Elin Electronics IPO Listing Date?

Elin Electronics IPO listing date is December 30, 2022. The IPO is to list on BSE and NSE.

Note: The Elin Electronics IPO price band and date are officially announced. The IPO grey market premium (Elin Electronics IPO Premium) will be added to the IPO grey market page as it will start).

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