| IPO date | 20 Dec 2022 – 22 Dec 2022 |
| Listing date | 30 Dec 2022 |
| Price range | 234 – 247 |
| Minimum order quantity | 60 | (D)RHP | View |
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:
- Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
- Funding capital expenditure towards upgrading and expanding its existing facilities.
- 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.