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ELINEQ / NSE, BSEListed
Elin Electronics

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 Price₹244.00
Listing Gain-1.21%

IPO Schedule & Timeline

Bookbuilding IPO
Open20 Dec 2022
Close22 Dec 2022
Allotment27 Dec 2022
Listing30 Dec 2022

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB96,15,372 shares
50%
Nii (hni)28,84,612 shares
15%
Retail67,30,762 shares
35%

Minimum Application Lots

Retail1 Lot (60 shares)
₹14,820
sHNI14 Lots (840 shares)
₹2,07,480
bHNI68 Lots (4,080 shares)
₹10,07,760

Company Promoters

Mangi Lall SethiaKamal SethiaKishore SethiaGaurav SethiaSanjeev SethiaSumit SethiaSuman SethiaVasudha Sethia Vinay Kumar Sethia

Company Background

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, toa...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2019)₹829.74 Cr
Growth+37.2%
Revenue Trend (₹ in Crores)
0.0419.6839.21.3kSep 2022Mar 2022Mar 2021Mar 2020Mar 2019
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 2019829.7429.07397.7386.64
Mar 2020786.3727.49387.6369.89
Mar 2021864.934.86508.31113.77
Mar 20221094.6739.15532.61102.33
Sep 2022604.7420.67589.24102.77

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values00%0%29.690

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
27 Dec 2022
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
30 Dec 2022

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Elin Electronics. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization27 Dec 2022Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date30 Dec 2022Trading commences on exchange

How to Check Elin Electronics Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Elin Electronics from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Elin Electronics IPO

Complete issue overview for Elin Electronics (ELIN) IPO. The issue features an equity share price band of ₹234 – ₹247 per share with a minimum retail lot size of 60 Shares (minimum application amount of ₹14,820). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions