Elin Electronics Limited IPO
Elin Electronics Limited IPO
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Elin Electronics Limited's successfully completed its Initial Public Offering and commenced trading on 30-12-2022 at the NSE, BSE exchange. The company raised TBD through this public offering, comprising 175 Shares in fresh capital and ₹300.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹234 to ₹247, with minimum application lots of 60 shares. The offering attracted significant investor interest during its subscription period from 20-12-2022 to 22-12-2022.
Share allotment was finalized on 27-12-2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Elin Electronics IPO About 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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Elin Electronics IPO Strength Factors
NA
Elin Electronics IPO Risk Factors
NA
Elin Electronics IPO Lead Manager(s)
- Axis Capital Limited
- Jm Financial Limited
Elin Electronics IPO Promoter(s)
- Mangi Lall Sethia, Kamal Sethia
- Kishore Sethia, Gaurav Sethia
- Sanjeev Sethia
- Sumit Sethia
- Suman Sethia
- Vasudha Sethia
- Vinay Kumar Sethia
Elin Electronics IPO FAQs
Elin Electronics Limited IPO subscribed 3.09 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 13, 2025 12:09:58 PM (Day 13).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Elin Electronics IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Elin Electronics IPO FAQs
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