Elin Electronics IPO, Review, IPO Performance by IPOPlatform India

About Elin Electronics

Company Information

Elin Electronics Limited is a leading electronics manufacturing services (EMS) provider, specializing in end-to-end product solutions for major brands in lighting, fans, and small/kitchen appliances in India. It is one of the largest manufacturers of fractional horsepower motors in India, with a projected market share of 12% in Fiscal 2021. Additionally, the company holds a 7% EMS market share in LED lighting and flashlights and a 10.7% market share in the small appliances vertical, as of Fiscal 2021. The company manufactures and assembles a wide array of products, offering both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, the company manufactures products based on designs developed by customers, which are then distributed under the customers' brands. Under

Object of Issue

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

Elin Electronics MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Dec, 2022

IPO Size :

475.00 Cr.

Market Cap :

1226.58 Cr.

IPO Subscription :

3.09 X

PE Multiple :

29.69

Merchant Banker :
Axis Capital Limited

IPO Registrar:
Kfin Technologies Limited

FAQs

1. What is Elin Electronics IPO?

Elin Electronics operates in Electric Equipments and Electronics Manufacturing Services. The Issue is listed on MainBoard in Dec, 2022. Elin Electronics IPO size was 475.00 Cr. with Issue price of 247.00 .

2. Who is the merchant banker of Elin Electronics IPO?

Merchant Banker(s) of Elin Electronics IPO: Axis Capital Limited , Jm Financial Limited

3. How many times Elin Electronics IPO was subscribed?

Elin Electronics IPO subscription was 3.09 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Elin Electronics IPO?

Elin Electronics IPO listed at a listing price of 227.80 against the offer price of 247.00.

5. What is the current market price of Elin Electronics IPO?

The current market price of Elin Electronics is 172.66.