Elin Electronics Limited is Incorporated in 1969, a leading electronics manufacturing services (“EMS”) provider. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India.
Elin Electronics Limited manufactures and assembles a wide array of products and provides end-to-end product solutions. The company serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models.
The company’s diversified product portfolio in EMS includes (i) LED lighting, fans and switches including lighting products, ceiling, fresh air and TPW fans, and modular switches and sockets, (ii) small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryer and hair straightener; (iii) fractional horsepower motors, which is used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, TPW fans etc.; and (iv) other miscellaneous products.
Elin Electronics Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 20 Dec 2022 |
| IPO Close Date | 22 Dec 2022 |
| Allotment Date | 27 Dec 2022 |
| IPO Listing Date | 30 Dec 2022 |
Elin Electronics Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 Per Equity Share |
| IPO Price | Rs. 234 to Rs. 247 Per Equity Share |
| Market Lot | 60 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 475 Crore. |
Elin Electronics Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 60 | Rs. 14820 |
| Maximum | 13 | 780 | Rs. 192660 |
| Small HNI (Minimum) | 14 | 840 | Rs. 207480 |
| Big HNI (Minimum) | 69 | 4080 | Rs. 1007760 |
Elin Electronics Limited IPO Details Allotment Status
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Company Financials:
| Particular | 31 March 2022 | 31 March 2021 | 31 March 2020 |
| Total Assets | 532.61 | 508.31 | 387.63 |
| Total Revenue | 1094.67 | 864.90 | 34.86 |
| Profit After Tax | 39.15 | 34.86 | 27.49 |
Company Promoters:
Mangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia and Vinay Kumar Sethia are the company promoters.
Purpose of the Issue
- Repayment/ prepayment of certain borrowings availed by the Company.
- Funding capital expenditure towards upgrading and expanding our existing facilities.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Elin Electronics Limited 143, Cotton Street, Kolkata – 700 007, West Bengal, India Phone: +91 011 43000400 Email: cs@elinindia.com Website: https://www.elinindia.com | KFin Technologies Limited Phone: 04067162222, 04079611000 Email: elinindia.ipo@kfintech.com Website: https://karisma.kfintech.com |
