Elin Electronics IPO Date, Price, Review
Elin Electronics IPO: Know everything about Elin Electronics IPO. Elin Electronics International Limited IPO Date, Elin Electronics Ltd IPO Review and analysis. We will discus about Elin Electronics IPO Benefits & Risks. Also, all information related to Elin Electronics IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Elin Electronics IPO
Elin Electronics Limited is a one-stop solution provider, offering electronics manufacturing services, design and manufacturing of Electric Motors, Tools/Mold/Die, Home Kitchen Appliances, Personal Care Products, Lighting Products, and Automotive Components. Elin Electronics Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 475.00 crore through IPO (Initial public offering).
Elin Electronics IPO will open on 20 December 2022 and close on 22 December 2022. The price band of the Elin Electronics IPO is ₹234 to ₹247. Elin Electronics IPO size is 475 Crores. The offer includes 175 Crores under fresh issue and 300 Crores under offer for sale. Elin Electronics IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Elin Electronics IPO listing date is 30 December 2022. You can know about Elin Electronics IPO GMP (Grey Market Premium) below.
Elin Electronics has given bad financial performance. The company made a profit of ₹39.15 crores in the financial year 2022 (March 2022). The IPO of Elin Electronics will be listed on NSE and BSE. Elin Electronics IPO face value is ₹5 per equity share.
We will talk about Elin Electronics' financials, benefits, and risks of investing in the company.
About Elin Electronics International Ltd
Allin was established in the year 1969 at Delhi/NCR. Elin Electronics Limited is an ISO and IATF-certified company. Elin Electronics Limited is a flagship company of the "Sethia" family-promoted Elin Group. Allin Electronics mainly offers various products and services to OEM customers. Allin has emerged as a one-stop solution provider for Electronic Manufacturing Services, Design & Manufacturing of Electric Motors, Tools/Mold/Die, Home Kitchen Appliances, Personal Care Products, Lighting Products, and Automotive Components.
Allin Electronics Limited, India's Largest Fractional Horse for Juicer Mixer Grinder, Mixer Grinder, Hand Blender, Table Pedestal Wall Fan, Ventilation Fan, Kitchen Chimney, Air Conditioner, Wet Grinder, and Air Cooler (Synchronous Motors), Personal Fan, Power (FHP) Motors Manufacturer. The company is a leading Fractional Horse Power (FHP) Motors manufacturer and supplier in India with an annual capacity of 10 million motors. In addition, the company is a pioneer in the design, development, and manufacturing of Fractional Horse Power (FHP) Motors for the last 20 years.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
Elin Electronics IPO Date and Price Band Details
| IPO Open: | 20 December 2022 |
| IPO Close: | 22 December 2022 |
| Listing Date: | 30 December 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹475 crores |
| Fresh Issue: | Approx ₹175 crores |
| Offer For Sale: | Approx ₹300 crores |
| Price Band: | ₹234 to ₹247 per share |
| Face Value: | ₹5 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Elin Electronics IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 60 Shares |
| Minimum Amount: | ₹14,820 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 780 Shares |
| Maximum Amount: | ₹192,660 |
Elin Electronics IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 20 December 2022 |
| IPO Closing Date: | 22 December 2022 |
| Basis of Allotment: | 27 December 2022 |
| Refund Date: | 28 December 2022 |
| Credit to Demat Account: | 29 December 2022 |
| Listing Date: | 30 December 2022 |
Elin Electronics IPO Review
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You can also check the latest IPO subscription status and IPO allotment status of Elin Electronics IPO on our website.
Elin Electronics Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Elin Electronics Limited is a pioneer in the design, development, and manufacturing of Fractional Horse Power (FHP) Motors for the last 20 years.
- The company has good relations with a reputed client base.
- The company's clients include big names such as Philips, Bosch, Faber, Panasonic, and Usha.
- The financial performance of the company has been good.
- The product portfolio of the company is quite wide.
Risks
- The Company depends on certain key customers for a significant amount of its revenue.
- The company does not offer long-term volume purchase agreements with its customers.
- The Company's operating performance may vary from quarter to quarter as sales of some of its products may be affected by weather, which may have a negative impact on the Company's business.
- If his company's manufacturing capacity fully matches his production demand, it can have an impact on the company's performance.
Elin Electronics Ltd Financials
Elin Electronics Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2019 | ₹397.73 | ₹829.74 | ₹29.07 |
| Mar 2020 | ₹387.63 | ₹786.37 | ₹27.49 |
| Mar 2021 | ₹508.31 | ₹864.90 | ₹34.86 |
| Mar 2022 | ₹532.61 | ₹1094.67 | ₹39.15 |
Promoters
- Kamal Sethia
- Kishore Sethia
- Mangi Lall Sethia
- Gaurav Sethia
- Sanjeev Sethia
- Sumit Sethia
- Suman Sethia
- Vasudha Sethia
- Vinay Kumar Sethia
Contact Details of Elin Electronics
143, Cotton Street,
Kolkata – 700 007,
West Bengal, India
Telephone: +91 011 43000400
E-mail: cs@elinindia.com
Website: www.elinindia.com
Elin Electronics Lead Managers
- JM Financial Limited
- Axis Capital Limited
Elin Electronics IPO Registrars
Selenium Tower-B, Plot 31 & 32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana, India
Telephone: +91 22 4918 6200
Email: elinindia.ipo@kfintech.com
Website: www.kfintech.com
Conclusion
If we look at the financial position of the company, the track record has been good. In the financial year 2021, the company had a profit of Rs 39.15 crore. Also, if we talk about the clients of the company, then these include many big names like Usha, Philips, Bosch, Faber, Panasonic, etc. Our suggestion will be updated when the Elin Electronics Limited IPO starts. Elin Electronics Limited IPO financial details and other information are given above.
Elin Electronics IPO FAQs
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