Elin Electronics IPO : Established in 1969, Elin is electronic manufacturing services, design & manufacturing of electric motors, tools/moulds/dies, domestic kitchen appliances, personal care products, lighting products & automotive components.
List of Topic Covered
Key Features of Elin Electronics IPO
- Elin Electronics IPO will open on Dec 20, 2022
- You can apply in this IPO from Dec 20, 2022 to Dec 22, 2022.
- Issue Price band of the company is ₹234 to ₹247 per equity share.
- This IPO comprises fresh issue of equity shares worth ₹175 Crores and an offer for sale of equity shares worth ₹300 Crores) .
- It has a minimum 60 shares in one lot and you have to spend a minimum of ₹14,820 for 1 lot.
- Elin Electronics Ltd is looking to raise ₹475 Crores through this IPO.
What is Elin Electronics Limited
- 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 Cooler (Synchronous Motors), Personal Fans, Room Heaters.
- The company works on two business models namely original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”).
- The company has 3 manufacturing facilities located at Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh) and Verna (Goa).
- Mr. Kamal Sethia is the MD of Elin Electronics Limited.
- Company has been profitable for the last 3 consecutive years. Good sign for investors.
Elin Electronics IPO GMP
Grey market is an unregulated market to trade IPO shares before listing. Elin Electronics IPO price band is placed at ₹234 to ₹247 , but the grey market premium of this share is currently 2.02% i.e. at ₹5. So the share price of Elin Electronics IPO in the grey market is ₹252 (₹247 + ₹5) .
Click here to Get Details IPO Grey Market Premium (GMP) Live
Elin Electronics IPO Live Subscription Status
Elin Electronics subscribed 3.09 times on it’s final day i.e. on December 22, 2022
Click here to Get Details IPO Subscription Status Live
Elin Electronics IPO Date, Lot Size, Allotment
KFin Technologies IPO Details
| IPO Start Date | December 20, 2022 |
| IPO Close Date | December 22, 2022 |
| Fresh Equity Share Issue | _ shares of ₹5 (₹175 Crores) |
| Offer for Sale | _ shares of ₹5 (₹300 Crores) |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹234 – ₹247 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Elin Electronics IPO Timetable
| IPO Start Date | December 20, 2022 |
| IPO Close Date | December 22, 2022 |
| Basis of Share Allotment Date | December 27, 2022 |
| Refunds Date | December 28, 2022 |
| Credit of shares to Demat Account Date | December 29, 2022 |
| KFin Technologies IPO Listing Date | December 30, 2022 |
Elin Electronics IPO Lot Size
| Application | Lot | Shares | Amount |
| Retail (Minimum) | 1 | 60 | ₹ 14,820 |
| Retail (Maximum) | 13 | 780 | ₹ 1,92,660 |
| S – HNI (Minimum) | 14 | 840 | ₹2,07,480 |
| B – HNI (Minimum) | 68 | 4,080 | ₹10,07,760 |
Elin Electronics Ltd Financial Report (2020-2022)
| Financial Year | Total Assets | Revenue | PAT (Profit / Loss After Tax) | Total Borrowing |
| 2022 | ₹532.61 | ₹1,094.67 | ₹39.15 | ₹102.33 |
| 2021 | ₹508.31 | ₹864.9 | ₹34.86 | ₹113.77 |
| 2020 | ₹387.63 | ₹786.37 | ₹27.49 | ₹69.89 |
Elin Electronics IPO – Basis of Allotment
- 50% quota is reserved for the QIB category.
- 15% quota is reserved for NII Category and
- 35% quota is reserved for retail investors.
How to Apply in Elin Electronics IPO ?
- You can apply for the Elin Electronics IPO through the ASBA facility available in your bank account.
- Just login to your online banking. Go to the IPO section and apply for Elin Electronics IPO.
- Also you can apply in this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Elin Electronics IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Elin Electronics IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Elin Electronics IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Elin Electronics IPO.
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Elin Electronics IPO Allotment Status
You can check Uniparts India IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Elin Electronics IPO
Elin Electronics IPO Promoters
- Mangi Lall Sethia
- Kamal Sethia
- Kishore Sethia
- Gaurav Sethia
- Sanjeev Sethia
- Sumit Sethia
- Suman Sethia
- Vasudha Sethi
- Vinay Kumar Sethia
Elin Electronics IPO Lead Managers
- Axis Capital Limited
- JM Financial Limited
Elin Electronics Contact Information
Elin Electronics Limited
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 Information
KFin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: elinindia.ipo@kfintech.com
- Website: https://karisma.kfintech.com/
Paisa kaudi recommendation on Elin Electronics IPO
Elin is India’s largest Fractional Horse Power (FHP) Motors Manufacturer. Price range is convincing. Grey market premium is at ₹43. You can invest in this IPO for 10-15% listing gain.
Keep checking the GMP for more clear picture. Stay alert as markets are volatile now a days.
Elin Electronics IPO FAQs
It is the main-board IPO which will be listed on NSE & BSE. They are going to raise ₹475 Crores through this IPO. One lot has minimum 60 shares and you have to spend a minimum ₹14,820 for 1 lot.
Elin Electronics IPO price band is ₹234 to ₹247.
One lot has minimum 60 shares and you have to spend a minimum ₹14,820 for 1 lot. Maximum lot is 13 and you have to spent ₹1,92,660.
35% quota is reserved for retail investors. 15% quota is reserved for NII Category and 50% quota is reserved for the QIB category.
Elin Electronics IPO will open on December 20, 2022.
Basis of Allotment for Elin Electronics IPO will happen on December 27, 2022 and allotted shares will be deposited in your demat account on December 29, 2022.
Shares of Elin Electronics IPO will list in the market on December 30, 2022.
This covers all the points on Elin Electronics IPO. Please write in the comment box if you need any further information on this.
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