Information Regarding the Initial Public Offering of Elin Electronics IPO: GMP, Price, Date, and Allotment
- Initial Public Offering (IPO) details for: Among the top EMS providers in India, this business specializes in producing complete product solutions for well-known names in the lighting, fan, and small/kitchen appliance industries.
- It is also one of the most important producers of fractional horsepower motors in India. It also has a significant presence in the LED lighting and flashlight markets, accounting for over 7% of the EMS industry in Fiscal 2021.
- Elin produces and assembles numerous goods and offers comprehensive product solutions. It can function as either an OEM or an ODM, or in other words, an original equipment manufacturer or an ODM.
- The OEM business model involves making and selling products based on designs created by the client. The ODM approach involves a partnership between the client and the manufacturer, with the manufacturer taking on both the role of product designer and manufacturer.
(i)Lighting products, ceiling fans, fresh air fans, and TPW fans, as well as modular switches and sockets, are all part of the company’s EMS offering. Other products include
(ii) small appliances like dry and steam irons, toasters, hand blenders, mixer grinders, hair dryers, and hair straighteners
(iii) fractional horsepower motors, which are used in mixer grinders, hand blenders, wet grinders, chimneys, air conditioners, and heat convectors.
According to the industry, the most important clients are:
- Signify Innovations and Eveready, manufacturers of LED lighting, fans, and switches.
- Philips, Bosch, Faber, Panasonic, and Usha are just a few of the names that make small home appliances.
- Havells, Bosch, Faber, Panasonic, Preethi (owned by Philips), Groupe SEB (Maharaja brand), and Usha are all manufacturers of fractional horsepower motors.
- Four) Molbio Diagnostics Private Limited, maker of medical diagnostic cartridges.
- 5) Denso and IFB, manufacturers of metal-molded and -sheet components.
Profit and Loss Statement for Elin Electronics
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹786 | ₹751 | ₹27.49 |
| 2021 | ₹865 | ₹817 | ₹38.86 |
| 2022 | ₹1095 | ₹1042 | ₹39.15 |
| 2022 6M | ₹605 | ₹577 | ₹20.67 |
Financial Year 2022 IPO Estimate for Elin Electronics
View the NAV, RoNW, EPS, and P/E ratios of Elin Electronics’ initial public offering.
| Earning Per Share (EPS): | ₹9.20 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.92% |
| Net Asset Value (NAV): | ₹74.21 per Equity Share |
Elin Electronics IPO Allotment & Listing Dates
The first day of trading for Elin Electronics is December 20, and the last day is December 22. On December 27, the Elin Electronics IPO allocation will be finalized, and on December 30, the IPO will be listed.
| Price Band Announcement: | December 2022 |
| Anchor Investors Allotment: | December 19, 2022 |
| IPO Open Date: | December 20, 2022 |
| IPO Close Date: | December 22, 2022 |
| Basis of Allotment: | December 27, 2022 |
| Refunds: | December 28, 2022 |
| Credit to Demat Account: | December 29, 2022 |
| Elin Electronics IPO Listing Date: | December 30, 2022 |
Elin Electronics IPO Details
| Elin Electronics IPO Dates | 20 – 22 December 2022 |
| Elin Electronics IPO Price | Coming soon |
| Fresh issue | INR 175 crore |
| Offer For Sale | INR 300 crore |
| Total IPO size | INR 475 crore |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-19 | 397.73 | 829.74 | 29.07 | 86.64 |
| 31-Mar-20 | 387.63 | 786.37 | 27.49 | 69.89 |
| 31-Mar-21 | 508.31 | 864.9 | 34.86 | 113.77 |
| 31-Mar-22 | 532.61 | 1094.67 | 39.15 | 102.33 |
| 30-Sep-22 | 589.24 | 604.74 | 20.67 | 102.77 |
Elin Electronics Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 828.55 | 785.58 | 862.38 | 1,093.75 | 604.46 |
| Expenses | 791.79 | 751.27 | 817.41 | 1,041.79 | 577.16 |
| Net income | 29.07 | 27.49 | 34.86 | 39.15 | 20.67 |
| Margin (%) | 3.51 | 3.50 | 4.04 | 3.73 | 3.42 |
Elin Electronics Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 6.73 | 8.53 | 9.59 |
| PE ratio | – | – | – |
| RONW (%) | 12.07 | 13.29 | 12.92 |
| NAV | – | – | 74.21 |
| ROCE (%) | 15.44 | 14.90 | 15.82 |
| EBITDA (%) | 7.16 | 8.00 | 7.31 |
| Debt/Equity | 0.27 | 0.42 | 0.32 |
IPO tentative timetable for Elin Electronics
The IPO for Elin Electronics starts on December 20, 2022, and ends on December 22, 2022. The bid date for the Elin Electronics IPO is from December 20, 2022, at 10 a.m. to December 22, 2022, at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 20, 2022 |
| Closing Date | Dec 22, 2022 |
| Basis of Allotment | Dec 27, 2022 |
| Initiation of Refunds | Dec 28, 2022 |
| Credit of Shares to Demat | Dec 29, 2022 |
| Listing Date | Dec 30, 2022 |
Peer Group
- Dixon Technologies (India) Ltd
- Amber Enterprises India Limited
Company Promoters
- Mangi Lall Sethia
- Kamal Sethia
- Kishore Sethia
- Gaurav Sethia
- Sanjeev Sethia
- Sumit Sethia
- Suman Sethia
- Vasudha Sethia
- Vinay Kumar Sethia
Also, Visit Sula Vineyards.
Elin Electronics Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: elinindia.ipo@kfintech.com
Website: www.kfintech.com
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Elin Electronics Contact Details
ELIN ELECTRONICS LIMITED
4771, Bharat Ram Road,
23, Daryaganj, New Delhi – 110002
Phone: +91 011 43000400
Email: cs@elinindia.com
Website: www.elinindia.com
Elin Electronics IPO FAQs
1)How many of Elin Electronics’ IPO shares are set aside for high-net-worth investors and regular investors?
The investors’ share is 50% for QIB, 15% for NII, and 35% for Retail.
2)How to apply for Elin Electronics Public Offer?
Internet banking ASBA is the best way to sign up for Elin Electronics’ public offer (know all about ASBA here). You can also use UPI and your stock broker to apply online. If you’d rather fill out applications on paper, you can fill out an offline IPO form and give it to your broker.
3)What is the IPO GMP for Elin Electronics today?
Today, the IPO GMP for Elin Electronics is INR NA per share.
4)What is the current kostak rate for Elin Electronics?
Today, the kostak rate for Elin Electronics is NA per application.
5)What is the current price of Elin Electronics Subject to Sauda?
Today, the rate for Elin Electronics Subject to Sauda is NA per application.
6)What is the IPO of Elin Electronics?
The IPO for Elin Electronics is on the main board. They will get 475 Crores from an IPO. The price per equity share ranges from [.] to [.]. BSE and NSE will both list the IPO.
7)When will Elin Electronics go public?
On December 20, 2022, QIB, NII, and retail investors will be able to buy shares in the IPO.
8)What is the Investor’s Portion of the IPO for Elin Electronics?
For QIB, the investors’ share is 50%, for NII it’s 15%, and for Retail it’s 35%.
9)How to Use the IPO for Elin Electronics?
You can use your bank account to apply for the Elin Electronics IPO online through ASBA. Your stock brokers can also help you apply for ASBA online through UPI. You can also fill out the offline form and send it to your stock broker.
