Elin Electronics IPO

Elin Electronics Limited

₹14,040 /60 sharesMinimum Investment

Elin Electronics IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹247.00₹244.00-₹3.00 (1.21%)

Elin Electronics IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
20 Dec ‘22 - 22 Dec ‘22₹14,04060₹234 - ₹247
Issue SizeIPO Doc
475.00Cr
RHP PDF

Subscription Status As on 22 Dec '22, 5:05 PM

  • Qualified Institutional Buyers
    4.51x
  • Non-Institutional Investor
    3.29x
  • Retail Individual Investor
    2.20x
  • Total
    3.09x

About Elin Electronics

Elin Electronics Limited is 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 one of the largest fractional horsepower motors manufacturers in India. In addition, it is one of the key players in LED lighting and flashlight. The company manufactures and assembles a wide array of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models.;
Parent Organisation
Elin Electronics Limited
Founded
1982
Managing Director
Kamal Sethia
IPO Review: KFin Technologies Limited | Elin Electronics Limited | Should you apply?

Strengths & Risks

  • Here are some strengths of Elin Electronics Limited:
  • 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
  • Consistent and strong track record of financial performance
  • Here are some risk factors associated with Elin Electronics Limited:
  • Dependence on certain key customers for a substantial portion of its revenues.
  • Inability to manage the expansion of its products range, customer base, and manufacturing capacities, and execute its growth strategy in a timely manner or within budget estimates, or inability to meet the expectations to track the changing preferences of customers or other stakeholders.
  • No firm and long-term volume purchase commitments from its customers.
  • Inability to renew quality accreditations in a timely manner.

Financials

*All values are in Rs. Cr
No Graph Data To Display
ⓒ 2016-2023 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.6.9
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI

ABOUT GROWW