Elin Electronics IPO GMP, Date, Review, Price, Allotment, Grey Market Premium are provided here. Read to know when you can invest. The Elin Electronics IPO GMP will take place this month. Get all of the details in the following article.
Table of Contents
Elin Electronics IPO GMP
Elin Electronics IPO date has been set; the IPO will go public on December 20, 2022 and will close on December 22, 2022. Elin Electronics IPO will raise approximately Rs.472 crores through an IPO that will include a fresh issue of Rs.175 crores and an offer for sale of up to Rs.300 crores of Rs.5 each. The retail quota is 35%, the QIB quota is 50%, and the HNI quota is 15%.
Elin Electronics Limited provides a wide range of products and services to its OEM customers. They are a one-stop solution provider that offers a variety of products and services, including electronic manufacturing services, universal motors, induction motors, design and manufacture of tools, moulds, and dies, domestic kitchen appliances, personal care products, lighting products, and automotive components.
Elin is one of India’s leading electronics manufacturing service providers to major brands of lighting, fans, and small/kitchen appliances. Elin has three production plants: one in Ghaziabad (NCR), one in Baddi (HP), and one in Goa. Elin Group’s flagship company is ISO 9001, ISO 14001, and IATF 16949 certified. The “Sethia” family promotes the company.
Elin is India’s leading manufacturer of fractional horse power (FHP) motors for mixer grinders, juicer mixer grinders, hand blenders, ventilation fans, table pedestal wall fans, kitchen chimneys, wet grinders, air conditioners and air coolers (synchronous motors), personal fans, and room heaters. Our company will begin manufacturing motors for air conditioners – indoor and outdoor motors, nebulizer motors, motors/pumps for water purifiers, and so on – very soon. With an annual capacity of 10 million motors, they are India’s top manufacturer and supplier of fractional horse power (FHP) motors.
Peers
- Amber Enterprises India Limited
- Dixon Technologies (India) Ltd
Elin Electronics IPO Promotors
- Kishore Sethia
- Kamal Sethia
- Mangi Lall Sethia
- Gaurav Sethia
- Sumit Sethia
- Sanjeev Sethia
- Vasudha Sethia
- Suman Sethia
- Vinay Kumar Sethia
Also Check: Kfin Technologies IPO GMP, Date, Price, Lot, Kostak & Subject Rates Today
Elin Electronics IPO Review (Apply or Not)
| Details | Valuation |
|---|---|
| PAT 2022 | ₹39.15 Cr (March 2022) |
| Issue Price | ₹247/ EQ (Cut Off) |
| EPS 2022 | ₹9.59 (March 2022) |
| PE Ratio | 25.96 (PE Approx) |
| RoNW | 12.92% (March 2022) |
| NAV Value | ₹74.21(March 2022) |
| Total Assets | ₹589.24 Cr (Sep 2022) |
| Market Cap | ₹1051.58 Cr Approx |
| Promoter Holding | 53.98% Pre Issue 32.93% Post Issue |
| Team Review | ● The leading electronics manufacturing services (“EMS”) provider company. ● The PE ratio of the company is very Attractive. ● The company financial performance consistently stable growth.year. ● The Grey market also suggest 10% premium at listing. ● The company promoter stake will decrease lower side but will hold 32.93% stake after issue which is concern. ✔ Apply For Long Term |
What is Elin Electronics IPO GMP Today?
The Elin Electronics IPO GMP Today Or Grey Market Premium is ₹42-₹44.
What is Elin Electronics IPO Kostak Rates Today?
The Elin Electronics IPO Kostak rate is ₹250.
What is Elin Electronics IPO Subject to Sauda Price Today?
The Elin Electronics IPO Subject to Sauda rates is ₹1300.
Elin Electronics IPO Expected Returns?
The estimated return on the Elin Electronics IPO is 10%-15%. It can also change in response to market sentiment.
Elin Electronics IPO GMP Live, Kostak,& Subject to Sauda
| Date | GMP | Kostak | Subject |
| 21 Dec 2022 | ₹-₹ | ₹ | ₹ |
| 20 Dec 2022 | ₹42-₹44 | ₹250 | ₹1300 |
| 19 Dec 2022 | ₹42-₹44 | ₹250 | ₹1700 |
| 18 Dec 2022 | ₹40-42 | ₹250 | ₹1700 |
| 17 Dec 2022 | ₹40-₹42 | ₹250 | ₹1700 |
| 16 Dec 2022 | ₹35-₹38 | ₹0 | ₹0 |
Elin Electronics IPO Date & Price Band & Details
| Issue Type | Book Building Issue |
| IPO Opening Dates | 20-Dec-2022 |
| IPO Closing Dates | 22-Dec-2022 |
| IPO Size | ₹475.00 Cr {19,230,769 Shares} |
| Offer For Sale | ₹300.00 Cr {12,145,749 Shares} |
| Fresh Issue | ₹175.00 Cr {70,85,020 Shares} |
| Price Band | ₹234–₹247 Per Share |
| Minimum bid (lot size) | 60 Shares |
| Face Value | ₹5 Per Share |
| Retail Allocation | 35% |
| QIBs | 50% |
| Non-Institutional | 15% |
| Discount | N/A |
| Listing On | NSE, BSE |
Elin Electronics IPO Market Lot Size
The minimum market lot for the Elin Electronics IPO is 60 shares at a cost of ₹14,820 per application.
| 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 Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 828.55 | 785.58 | 862.38 | 1,093.75 | 604.46 |
| Expenses | 791.79 | 751.27 | 817.41 | 1,041.79 | 577.16 |
| Net income | 29.07 | 27.49 | 34.86 | 39.15 | 20.67 |
| Margin (%) | 3.51 | 3.50 | 4.04 | 3.73 | 3.42 |
Figures in INR crore unless specified otherwise
Elin Electronics IPO DRHP & RHP
Elin Electronics Valuations & Margins
| 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 |
*Compiled by IPO Central from Prospectus
Elin Electronics IPO Allotment Dates
The IPO date for Elin Electronics is December 20, 2022, with a closing date of December 22, 2022. The allotment will be finalised on December 22, 2022, and the IPO may go public on December 30, 2022.
| Event | Probable Dates |
|---|---|
| Opening Date | December 20, 2022 |
| Closing Date | December 22, 2022 |
| Basis of Allotment | December 27, 2022 |
| Initiation of Refunds | December 28, 2022 |
| The credit of Shares to Demat | December 29, 2022 |
| Listing Date | December 30, 2022 |
Also Check: TCS Share Price Target 2022, 2023, 2024, 2025, 2027, 2029, 2030, 2040 and 2050
Elin Electronics IPO Promoter Holding
| Pre Issue Share Holding | 53.98% |
| Post Issue Share Holding | 32.93% |
KFin Technologies IPO Reviews – Subscribe or Avoid?
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SMC Global – 1.5/5
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Elin Electronics Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: elinindia.ipo@kfintech.com
Website: www.kfintech.com
Elin Electronics Contact Details
ELIN ELECTRONICS LIMITED
4771, Bharat Ram Road,
23, Daryaganj, New Delhi – 110002
Phone: +91 011 43000400
Email: cs@elinindia.com
Website: www.elinindia.com
Elin Electronics IPO Allotment Status
The IPO allotment for Elin Electronics will be available on KFin Tech website. To check the status of your allotment, go to the KFin Tech website.
Elin Electronics IPO FAQ
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Elin Electronics IPO buy or not?
Yes, You may buy Elin Electronics IPO for a long term.
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What is Elin Electronics ltd. Share Price?
Elin Electronics Share price will be between ₹234–₹247 Per Share.
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What is Elin Electronics Subscription Status?
You can check the Elin Electronics Subscription Status on KFin Tech Website. Click on the Link.
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What is Elin Electronics Listing Date?
The Elin Electronics Listing Date will be 30 December, 2022.
Also Check: Kfin Technologies IPO GMP, Date, Price, Lot, Kostak & Subject Rates Today
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.
