Elin Electronics IPO details (20 Dec – 22 Dec), (Price: 234 to 247)
Listing date and Listing Price of Elin Electronics IPO:
- Elin Electronics IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Elin Electronics IPO on NSE – Click Here
- Listing Price of Elin Electronics IPO on BSE – Click Here
Grey Market premium (GMP) price of Elin Electronics IPO :
Grey Market premium (GMP) price of Elin Electronics IPO is Rs. __. Grey Market premium (GMP) of Elin Electronics IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. (Source : ipowatch.in) Check latest GMP of all IPOs.
Elin Electronics IPO Allotment link status on Kfintech:
Check the allotment status of Elin Electronics IPO on these three links given by Kfintech.
- Elin Electronics IPO Allotment Link 1 – https://kosmic.kfintech.com/ipostatus/
- Elin Electronics IPO Allotment Link 2 – https://kcas.kfintech.com/ipostatus/
- Elin Electronics IPO Allotment Link 3 -https://evault.kfintech.com/ipostatus/
Elin Electronics IPO Allotment link status on Kfintech can be checked by Application No or DPID/Client ID or PAN and enter ‘Captcha’.
Elin Electronics IPO Allotment link status on Kprism app:
KPRISM, an app by KFin Technologies Pvt Ltd (Registrar of this IPO) can be downloaded from Play Store on mobile or Tab.
- Download KPRISM app by KFin Tech.
- Select IPO Status (No need to do login or register to check IPO allotment)
- Select Elin Electronics IPO from the list.
- Enter Application Number or DPID Client ID or PAN, then Submit.
- The allotment status of Elin Electronics IPO, with no. of shares allotted will come.
Elin Electronics IPO subscription status details:
|QIB (Qualified Institl. Bidders)||NIB (Non-institutional Investor)||RII (Retail Individual Investor)||Total No. of times applied|
|No. of shares offered|
Elin Electronics IPO highlights:
|Elin Electronics IPO bid Opens on||20 Dec 2022|
|Elin Electronics IPO bid Closes on||22 Dec 2022|
|Post issue Modification Period||23 Dec 2022 (10.00 – 11.00 am)|
|Cut-off time for UPI Mandate Confirmation||23 Dec 2022 (upto 12:00 PM)|
|Issue type||100% Book Building|
|Elin Electronics IPO issue size||₹ 475 Cr|
|Face value of each equity share||Rs. 5|
|Elin Electronics IPO Price band||Rs. 234 to Rs. 247 per share|
|Elin Electronics IPO market lot||60 equity and multiples|
|Elin Electronics IPO minimum order quantity||60 equity shares|
|Pre IPO equity share of promoters of Elin Electronics||53.98 %|
|Post IPO paid-up equity share of promoters of Elin Electronics||32.93 %|
|QIB portion reservation in Elin Electronics IPO||50 %|
|NIB portion reservation in Elin Electronics IPO||15 %|
|Retail portion reservation in Elin Electronics IPO||35 %|
|Retail individual bidder can apply in Elin Electronics IPO||up to 2 lakh (200,000) – Maximum 13 Lot|
|Retail individual discount in Elin Electronics IPO||NA|
|Employees can apply in Elin Electronics IPO||up to 5 lakh (500,000)|
|Employees Reservation in Elin Electronics IPO||NA|
|Employees Discount in Elin Electronics IPO||₹__ per equity share|
|Listing of Elin Electronics at Exchanges||NSE, BSE|
|Fund raised from Anchor Investors in Pre-IPO of Elin Electronics||NA|
|Registrar of Elin Electronics IPO issue||Kfin Tech Private Limited|
Elin Electronics IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Elin Electronics IPO are mentioned below.
|Elin Electronics IPO opens on||20.12.2022|
|Elin Electronics IPO Closes on||22.12.2022|
|Allotment basis date of Elin Electronics IPO||27.12.2022|
|Money refund date of Elin Electronics IPO||28.12.2022|
|Shares of Elin Electronics in Demat Account||29.12.2022|
|Elin Electronics IPO listing date on NSE, BSE||30.12.2022|
How much shares of Elin Electronics IPO are being offered?
|Type of Issue (Fresh / OFS)||No. of Equity shares offered||Amount of Equity shares|
|Total Issue size||₹ 475 Crore|
|Fresh Issue size||–||₹ 175 Crore|
|Offer for Sale (OFS)||–||₹ 300 Crore|
IPO Red Herring Prospectus (RHP) of Elin Electronics:
Click here for IPO RHP of Elin Electronics on SEBI website.
Objectives of the Elin Electronics IPO Issue: (Source – RHP)
Our Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects: 1. Repayment/ prepayment, in full or part, of certain borrowings availed by our Company; 2. Funding capital expenditure towards upgrading and expanding our existing facilities at (i) Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa; and 3. General corporate purposes (collectively, referred to herein as the “Objects”).
Business of Elin Electronics: (Source – RHP)
We 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 our overall market, we are projected to be the largest players in this category, with a market share of 12% in Fiscal 2021. (Source: F&S Report) In addition, we are one of the key players in LED lighting and flashlight with EMS market share of approximately 7% in Fiscal 2021, and are also one of the key players in small appliances vertical with EMS market share of 10.7% in Fiscal 2021. (Source: F&S Report) We manufacture and assemble a wide array of products and provide end-to-end product solutions. We serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models. Under the OEM model, we manufacture and supply products basis designs developed by our customers, who then further distribute these products under their own brands. Under the ODM model, in addition to manufacturing, we conceptualize and design the products which are then marketed to our customers’ prospective customers under their brands. We have developed ODM capabilities with respect to lighting products and small appliances
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