Elin Electronics IPO GMP, Date, Review, Price, Allotment, Grey Market Premium

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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.

ELIN ELECTRONICS IPO

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

  1. Amber Enterprises India Limited
  2. Dixon Technologies (India) Ltd

Elin Electronics IPO Promotors

  1. Kishore Sethia
  2. Kamal Sethia
  3. Mangi Lall Sethia
  4. Gaurav Sethia
  5. Sumit Sethia
  6. Sanjeev Sethia
  7. Vasudha Sethia
  8. Suman Sethia
  9. Vinay Kumar Sethia

Also Check: Kfin Technologies IPO GMP, Date, Price, Lot, Kostak & Subject Rates Today


    Elin Electronics IPO Review (Apply or Not)

    DetailsValuation
    PAT 2022₹39.15 Cr (March 2022)
    Issue Price₹247/ EQ (Cut Off)
    EPS 2022₹9.59 (March 2022)
    PE Ratio25.96 (PE Approx)
    RoNW12.92% (March 2022)
    NAV Value₹74.21(March 2022)
    Total Assets₹589.24 Cr (Sep 2022)
    Market Cap₹1051.58 Cr Approx
    Promoter Holding53.98% 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

    DateGMPKostakSubject
    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 TypeBook Building Issue
    IPO Opening Dates20-Dec-2022
    IPO Closing Dates22-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 Allocation35%
    QIBs50%
    Non-Institutional15%
    DiscountN/A
    Listing OnNSE, 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.

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

    Elin Electronics Financial Performance

     FY 2019FY 2020FY 2021FY 2022H1 FY 2023
    Revenue828.55785.58862.381,093.75604.46
    Expenses791.79751.27817.411,041.79577.16
    Net income29.0727.4934.8639.1520.67
    Margin (%)3.513.504.043.733.42

    Figures in INR crore unless specified otherwise


    Elin Electronics IPO DRHP & RHP


    Elin Electronics Valuations & Margins

    FY 2020FY 2021FY 2022
    EPS6.738.539.59
    PE ratio24.40 – 25.76
    RONW (%)12.0713.2912.92
    NAV74.21
    ROCE (%)15.4414.9015.82
    EBITDA (%)7.168.007.31
    Debt/Equity0.270.420.32

    *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.

    EventProbable Dates
    Opening DateDecember 20, 2022
    Closing DateDecember 22, 2022
    Basis of AllotmentDecember 27, 2022
    Initiation of RefundsDecember 28, 2022
    The credit of Shares to DematDecember 29, 2022
    Listing DateDecember 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 Holding53.98%
    Post Issue Share Holding32.93%

    KFin Technologies IPO Reviews – Subscribe or Avoid?

    Angel One –
    Antique Stock Broking –
    Anand Rathi –
    Arihant Capital –
    Asit C Mehta –
    Ashika Research – Neutral
    BP Wealth –
    Choice Broking –
    Canara Bank Securities – Subscribe
    Elite Wealth – Subscribe
    Dalal & Broacha –
    Hem Securities – Subscribe
    GEPL Capital –
    Geojit –
    KR Choksey –
    Jainam Broking – Subscribe for long term
    ICICIdirect –
    LKP Research –
    Motilal Oswal –
    Marwadi Financial –
    Nirmal Bang –
    Religare Broking –
    Reliance Securities – Subscribe
    SMC Global – 1.5/5
    Samco Securities –
    Ventura Securities – Subscribe
    Swastika Investmart –


    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

    • Elin Electronics IPO buy or not?

      Yes, You may buy Elin Electronics IPO for a long term.

    • What is Elin Electronics ltd. Share Price?

      Elin Electronics Share price will be between ₹234–₹247 Per Share.

    • What is Elin Electronics Subscription Status?

      You can check the Elin Electronics Subscription Status on KFin Tech Website. Click on the Link.

    • 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.

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