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Elin Electronics Limited IPO Date, Price, Review and Details

 

Elin Electronics Limited IPO

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Elin Electronics Limited IPO

Elin Electronics Limited was incorporated in 1969 in Delhi. This Company is ISO 14001, ISO 9001, and IATF 16949, certified company. The Company’s products are (a) LED Lighting, fans, and switches including ceiling fresh air and sockets, (b) Small appliances like toasters, blenders, and dry and steam irons. (c) Horsepower motor, which is used in a hand blender, mixer grinder, air conditioner, chimney, and heat convertor. The company’s mission and vision are to provide the highest quality of customer service through innovation, Teamwork, ethics & Honest and motivation, and recognition. The vision is to become the leading most preferred manufacturing company in our product line.

Company Promoters:
• Mangi Lall Sethia
• Kamal Sethia
• Kishore Sethia
• Gaurav Sethia
• Sanjeev Sethia
• Sumit Sethia
• Suman Sethia
• Vasudha Sethia
• Vinay Kumar Sethia

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

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2022

As on 31 Mar 2021

As on 31 Mar 2020

Total Assets

5,326.13

5,082.90

3,876.13

Total Liabilities

2,295.42

2,460.36

1,598.61

Net Profit

274.87

348.57

274.87

The offer:

Particulars

Shares Available for allotment

Percentage of Shares Available for allotment

QIB

[.] Equity shares

Not less than 75% of the net offer size

Non-Institutional Portion

[.] Equity shares

Not more than 15% of the net offer size

Retail

[.] Equity shares

Not more than 10% of the net offer size

Eligible Employees

-

-

Net offer size

[.] Equity shares

N/A

 Elin Electronics Limited IPO Details

Issue Open

20 Dec 2022

Issue Close

22 Dec 2022

IPO Price

₹234 - ₹247 per equity share

Face Value

₹5 per equity share

IPO Size

₹475.00 Cr.

Listing At

NSE, BSE

IPO Lot Size

₹60 Shares

 Elin Electronics Limited IPO Promoter Holdings:

Pre-Issue Share Holding

53.98%

Post-Issue Share Holding

32.93%

 

Elin Electronics Limited IPO Schedule
1. Bid or Offer Opens on: 20th Dec 2022
2. Bid or Offer Closes on: 22st Dec 202
3. Finalization of BoA: 27th Dec 2022
4. Initiation of Refunds: 28th Dec 2022
5. Credit of shares to Demat account: 29th Dec 2022
6. Listing Date: 30th Dec 2022

Elin Electronics Limited IPO Lot Size
Market lot size of the Elin Electronics Limited IPO is 60 shares. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

60

₹14,820

Maximum

13

780

₹192,660

S-HNI

Minimum

14

840

₹207,480

B-HNI

Minimum

68

4,080

₹1,007,760

 


Company Contact Details:
Elin Electronics Limited IPO
143, Cotton Street,
Kolkata – 700 007,
West Bengal, India

Phone: +91 011 43000400
Email: cs@elinindia.com
Website: www.elinindia.com

Elin Electronics Limited IPO Registrar Details:
KFin Technologies Limited
Selenium, Tower B, Plot No 31 and 32
Financial District, Nanakramguda, Serilingampally
Hyderabad, Rangareddi – 500032
Telangana, India

Phone: 04067162222, 04079611000
Email: elinindia.ipo@kfintech.com
Website: www.kfintech.com


Frequently Asked Question

Price of 1 share of Elin Electronics Limited IPO is ₹234 - ₹247.
Pre-issue shareholdings of Elin Electronics Limited IPO promoters are 53.98%
Elin Electronics Limited IPO will get listed on Dec 30, 2022.
KFin Technologies Limited is the registrar of Abans Holdings Limited IPO.
Elin Electronics Limited IPO is going to open on Dec 20, 2022.
Market lot size of the Elin Electronics Limited IPO is 60 shares.
Post-issue shareholdings of Elin Electronics Limited IPO promoters are 32.93%.
You can apply for an IPO from any place by using internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Elin Electronics Limited IPO by using any one of these method as per your convenience
Elin Electronics Limited IPO shares will get listed at BSE and NSE.
Elin Electronics Limited IPO will be closed on Dec 22, 2022.
If you do not get the allotment of Harsha Engineers shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Face value of equity shares of Elin Electronics Limited IPO is ₹5.
You will receive the allotted shares in your Demat account on Dec 29, 2022.
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