Let’s have a detailed review of the company and analytics of the Elin Electronics IPO release date, IPO offer price, subscription, Elin Electronics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 5
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs 5,850 Million
Fresh IssueRs 1,750 Million
IPO SizeRs 7,600 Million
Tick Size1

Elin Electronics IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Elin Electronics IPO – Summary

Elin Electronics IPOThey are a leading electronics manufacturing services (“EMS”) manufacturer of end-to-end-product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and are one of the largest fractional horsepower motors manufacturers in India. Based on their overall market, they are projected to be the largest player in this category, with a market share of 12 % in Fiscal 2021.

In addition, they are one of the key players in LED lighting and flashlight with an EMS market share of approximately 7% in Fiscal 2021 and are also one of the key players in the small appliances vertical with an EMS market share of 10.7% in Fiscal 2021.

The Promoter of this company is Mangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia, and Vinay Kumar Sethia. The lead manager to the issue is Axis Capital Limited and JM Financial Limited, and the Registrar to this issue is KFin Technologies Private Limited.


Elin Electronics IPO Date

The opening and the closing date of Elin Electronics IPO are not available yet.

Check out Related IPO Links:

Elin Electronics IPO GMP
Allotment – Elin Electronics IPO

Elin Electronics IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Elin Electronics IPO LIVE Subscription

  • Elin Electronics IPO LIVE Bid details on BSE
  • Elin Electronics IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Elin Electronics IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Elin Electronics Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Elin Electronics IPO Price

The face value of each share is Rs.5, but the price band of the IPO is Rs.[●] 


Elin Electronics IPO Size

This Initial Public Issue of X Equity Shares of Rs.5 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Elin Electronics IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.5/ each.

Issue Size: X Equity Shares of Rs.5 each, aggregating to Rs.[●] Million


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    Elin Electronics IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Elin Electronics Share Price

    Elin Electronics IPO Grey Market Premium

    The Elin Electronics Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Elin Electronics IPO – Company Overview

    They manufacture and assemble a wide array of products and provide end-to-end product solutions. They serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models.

    Under the OEM model, they manufacture and supply products basis designs developed by their customers, who then further distribute these products under their own brands. Under the ODM model, in addition to manufacturing, they conceptualize and design the products which are then marketed to their customers’ prospective customers under their brands. They have developed ODM capabilities with respect to lighting products and small appliances.

    They offer innovative solutions to their customers, which include leading international and national consumer electronics brands.

    Their comprehensive solution suite includes global sourcing, fabrication of components and parts, captive manufacturing and assembly, quality testing, packaging, and logistics support, which enables them to partner with leading consumer electronics and appliances brands in India.


    Elin Electronics IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Sep-2131-Mar-21Mar-2031-Mar-19
    Total Assets5,523.705,083.063,876.293,977.26
    *Total Revenue5,189.258,649.027,863.728,297.37
    Total Expense4,934.618,174.107,512.677,917.93
    Profit After Tax193.33348.57274.87290.74

    Earnings per Equity Share (in Million)

    30-Sep-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted4.738.536.737.12

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 348.57 Million, Rs. 274.87 Million, and Rs. 290.74 Million respectively.


    Elin Electronics IPO – Promoters

    The Promoter of this company is:

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

    List of Related Parties (Key Managerial Personnel)

    • Mangi Lall Sethia, Chairman and Wholetime Director
    • Kamal Sethia, Managing Director
    • Sanjeev Sethia, Wholetime Director
    • Sumit Sethia, Wholetime Director
    • Kamal Singh Baid, Independent Director
    • Shilpa Baid, Independent Director

    Elin Electronics IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Elin Electronics IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.7,600 Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue42,574,200 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Elin Electronics IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Repayment/ prepayment, in full or part, of certain borrowings availed by their Company;
    2. Funding capital expenditure towards upgrading and expanding their existing facilities at (i) Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa; and
    3. General corporate purposes

    Elin Electronics IPO – Business Strategy

    • Enhance customer base and relationships through cross-selling and product development
    • Expand ODM share of the business
    • Augmenting their R&D capabilities
    • Expanding operations in medical diagnostics cartridges
    • Focus on the one-stop-shop facility with an increased degree of backward integration

    Elin Electronics IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Established market position in key verticals including leadership in fractional horsepower motors;
    • Diversified products resulting in a de-risked business model;
    • Entrenched relationships with a marquee customer base;
    • High degree of backward integration resulting in higher efficiencies, enhanced quality of products and customer retention capability; and
    • Consistent and strong track record of financial performance.

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-218.5313.2964.22
    31-Mar-206.7312.07
    Mar-197.1214.61

    Elin Electronics IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Elin Electronics Limited5[●]8.536.848649.02
    Listed Peers
    Dixon Technologies (India) Ltd2187.2027.49 21.6764497.47
    Amber Enterprises India Limited10134.0224.965.0830636.20

    Elin Electronics IPO Lead Managers

    Lead Managers

    Axis Capital Limited

    JM Financial Limited

    Elin Electronics IPO Registrar to offer

    Registrar to the Offer
    KFin Technologies Private Limited
    (Formerly known as Karvy Fintech Private Limited)
    Selenium, Tower B, Plot No 31 and 32
    Financial District, Nanakramguda, Serilingampally
    Hyderabad, Rangareddi – 500032
    Telangana, India
    Tel: +91 40 6716 2222
    E-mail: elinindia.ipo@kfintech.com
    Investor grievance e-mail: einward.ris@kfintech.com
    Website: www.kfintech.com
    Contact person: M Murali Krishna
    SEBI registration number: INR000000221

    Elin Electronics IPO – Other Details

    • Statutory Auditor – Oswal Sunil & Company, Chartered Accountants
    • Legal Counsel to the Company – J. Sagar Associates
    • Bankers to the Company –  NA


    Elin Electronics IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Elin Electronics Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Elin Electronics IPO Review FAQs

      Ques – What is the Issue Size of Elin Electronics IPO?

      Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Price band of Elin Electronics IPO?

      Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.5 per share.

      Ques – What is the Elin Electronics IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      Ques – What is the Elin Electronics IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      Ques – What is the Elin Electronics Listing Date?

      Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Ques – Who is the Registrar of Elin Electronics IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Elin Electronics?

      Answer – Here are the promoters of this IPO – Mangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia, and Vinay Kumar Sethia. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is the GMP of Elin Electronics?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Elin Electronics IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Elin Electronics Company?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 348.57, 2020 is 274.87, 2019 is 290.74. PAT from Sep 2021 is 193.33.


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