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Elin Electronics Limited

Incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services (EMS) provider in India, offering end-to-end product solutions for major brands in lighting, fans, small/kitchen appliances, and fractional horsepower motors under OEM and ODM models. The company’s diverse portfolio includes LED lighting, fans, switches, irons, toasters, hand blenders, mixer grinders, and other electronic products. With three manufacturing facilities in Ghaziabad, Baddi, and Verna, and a centralized R&D center in Ghaziabad, Elin focuses on design, development, and testing. The company served 297–387 customers annually between FY2020–2022, generating revenues of Rs 7,855.84 million, Rs 8,623.78 million, and Rs 10,937.54 million, with Rs 6,044.57 million in the six months ending September 2022.

₹234 - ₹2473.09x sub
Listed Price244.00
Listing Gain-1.21%
TimelineBookbuilding IPO
Open20 Dec 2022
Close22 Dec 2022
Allotment27 Dec 2022
Listing30 Dec 2022

Quota Reservation Portions

QIBPortion: 96,15,372 shares
50%
Nii (hni)Portion: 28,84,612 shares
15%
RetailPortion: 67,30,762 shares
35%

Minimum Application Bracket Matrix

Retail1 lots / 60 shares
₹14,820
sHNI14 lots / 840 shares
₹2,07,480
bHNI68 lots / 4,080 shares
₹10,07,760

About the Company

Incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services (EMS) provider in India, offering end-to-end product solutions for major brands in lighting, fans, small/kitchen appliances, and fractional horsepower motors under OEM and ODM models. The company’s diverse portfolio includes LED lighting, fans, switches, irons, toasters, hand blenders, mixer grinders, and other electronic products. With three manufacturing facilities in Ghaziabad, Baddi, and Verna, and a centralized R&D center in Ghaziabad, Elin focuses on design, development, and testing. The company served 297–387 customers annually between FY2020–2022, generating revenues of Rs 7,855.84 million, Rs 8,623.78 million, and Rs 10,937.54 million, with Rs 6,044.57 million in the six months ending September 2022.

Company Promoters

Mangi Lall SethiaKamal SethiaKishore SethiaGaurav SethiaSanjeev SethiaSumit SethiaSuman SethiaVasudha Sethia Vinay Kumar Sethia
Elin Electronics Limited IPO Details | GMP, Allotment & Financials | IPO Trending