Elin Electronics Limited is a leading manufacturer of end-to-end product solutions for major brands of lighting, fans and small/ kitchen appliances in India. It is also one of the largest fractional horsepower motors manufacturers in India with a market share of 12% in Fiscal 2021 which they sell under their own name ‘Elin’.

It is one of the key players in LED lighting and flashlight along with small appliances with a market share of approximately 7% and 10.7% respectively, in Fiscal 2021.

They follow original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models and their customers under their main verticals are:

Business Verticals	Brands
LED lighting, fans, and switches	Signify Innovations and Eveready
Small appliances	Philips, Bosch, Faber, Panasonic and Usha
Fractional horsepower motors	Havells, Bosch, Faber, Panasonic, Preethi (owned by Philips), Groupe SEB (Maharaja brand), and Usha
Medical diagnostic cartridges	Molbio Diagnostics Private Limited
Moulded and sheet metal parts and components	Denso and IFB

Objects of the issue:

It proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:

1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
2. Funding capital expenditure towards upgrading and expanding its existing facilities.
3. General corporate purposes

Financial Snapshot (₹ Crores)

Period Ended	Total revenue	EBIDTA	PAT	EPS	Total Assets
September 30, 2022	604.74	43.37	20.67	5.06	589.24
March 31, 2022	1094.67	79.93	39.15	9.59	532.61
March 31, 2021	864.9	69.00	34.86	8.53	508.31
March 31, 2020	786.37	56.24	27.49	6.73	387.63

IPO Schedule

Issue Period	20th December to 22nd December 2022
Finalization of Allotment	27th December 2022
Initiation of Refunds	28th December 2022
Credit of Shares	29th December 2022
Date of Listing	30th December 2022
Mandate end date	6th January 2023
Anchor Investors Lock-In End Date	20th January 2023

How do I apply to the Elin Electronics Limited IPO?

You can apply for the Elin Electronics Limited IPO using any supported UPI app by following two steps:

• Enter your bid on Kite
• Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Elin Electronics Limited IPO?

You can check the allotment status for the Elin Electronics Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.