74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Elin Electronics IPO (Elin Electronics Limited IPO) Detail

Elin Electronics IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 475.00 Cr. The company is based in Kolkata and caters to Electric Equipments sector. Axis Capital , Jm Financial are the merchant bankers of Elin Electronics IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 17th November 2021.

Elin Electronics IPO open date is 20th December 2022 and close date is 22nd December 2022. IPO Allotment Date is 27th December 2022 and Listing date is 30th December 2022.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 475.00 Cr. Avg IPO Size (Sector Based) : ₹ 752.44 cr.
  • Sector: Electric Equipments IPO so far: 26
  • Merchant Banker: Axis Capital IPO by BRLM so far: 161
  • City: Kolkata IPO so far: 29
  • Revenue (annualised): ₹ 1209.48 cr.
            PAT: (annualised): ₹ 41.34 cr. Read Financial Information >>
  • PE Ratio: 29.69x Average Sector PE Ratio: 29.58x

Elin Electronics IPO Date

Date of DRHP:
17th November 2021
IPO Open Date:
20th December 2022
IPO Close Date:
22nd December 2022
IPO Allotment Date:
27th December 2022
Initiation of Refund:
28th December 2022
IPO Listing Date:
30th December 2022

Elin Electronics IPO Info, Size, Subscription

Elin Electronics IPO size is ₹ 475.00 Cr. with IPO price of ₹ 247.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 475.00 Cr.

Issue Price:
₹ 247.00

Market Capitalisation :
₹ 1226.58 Cr.

PE multiple :
29.69

Subscription :
3.09 times

Pre Issue Promoter Holding :
53.98 %

Post Issue Promoter Holding :
32.93 %

Elin Electronics IPO Information

Sub Sector : electronics manufacturing services
Elin Electronics Limited is a leading electronics manufacturing services (EMS) provider, specializing in end-to-end product solutions for major brands in lighting, fans, and small/kitchen appliances in India. It is one of the largest manufacturers of fractional horsepower motors in India, with a projected market share of 12% in Fiscal 2021. Additionally, the company holds a 7% EMS market share in LED lighting and flashlights and a 10.7% market share in the small appliances vertical, as of Fiscal 2021. The company manufactures and assembles a wide array of products, offering both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, the company manufactures products based on designs developed by customers, which are then distributed under the customers' brands. Under
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Object of Issue (Elin Electronics IPO Objectives)

  • Repayment/ prepayment, in full or part, of certain borrowings availed by the Company
  • Funding capital expenditure towards upgrading and expanding their existing facilities at Ghaziabad, Uttar Pradesh, Verna, Goa
  • General corporate purposes

Axis Capital Limited is the book-running lead manager of the Elin Electronics IPO. Kfin Technologies Limited is the Registrar for Elin Electronics IPO.

Elin Electronics IPO Registrar (RTA)

Kfin Technologies Limited

Elin Electronics IPO Lead Manager (BRLM)

Axis Capital Limited

Elin Electronics IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Elin Electronics IPO?

Elin Electronics IPO, based in Kolkata, operates in the   Electric Equipments sector with a focus on electronics manufacturing services. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Elin Electronics IPO size is ₹ 475.00 Cr. with fresh issue size of ₹ 175.00 Cr. and Offer for sale being ₹ 300.00Cr.

When is Elin Electronics IPO allotment?

The IPO allotment date for Elin Electronics IPO is expected to be 27th December 2022, after the finalization of basis of allotment. Investors can check Elin Electronics IPO allotment status on the registrars website, Kfin Technologies Limited . Elin Electronics IPO refund dates are 28th December 2022.

When is Elin Electronics IPO listing date?

Elin Electronics IPO is expected to be listed on 30th December 2022.

What is the price band for Elin Electronics IPO?

The upper price band for the Elin Electronics IPO is set at ₹ 247.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Elin Electronics IPO Review?

For IPO analysis on Elin Electronics IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Elin Electronics IPO?

To apply for the Elin Electronics IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 22nd December 2022. After submission, funds are blocked until the basis of allotment of Elin Electronics IPO is finalised.

Who is the merchant banker of Elin Electronics IPO?

The merchant banker for Elin Electronics IPO is Axis Capital Limited , Jm Financial Limited . Axis Capital Limited , Jm Financial Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Elin Electronics IPO RHP for further details.

Who is the Registrar of Elin Electronics IPO?

The registrar for Elin Electronics IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Elin Electronics IPO through their official website or helpline.

What is the Elin Electronics IPO subscription?

Elin Electronics IPO was subscribed 3.09 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

Elin Electronics IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Elin Electronics Financial Review Page

Elin Electronics IPO subscription was 3.09 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Elin Electronics IPO listed at a listing price of 227.80 against the offer price of 247.00.

The current market price of Elin Electronics is 185.92.

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