Elin electronics ipo

Synopsis Incorporated in 1969, Elin Electronics is a leading electronics manufacturing services provider. It manufactures and assembles a wide array of products and provides 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 the country. Incorporated in 1969, Elin Electronics is a leading electronics manufacturing services provider. It manufactures and assembles a wide array of products and provides 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 the country. The company has a long-term relationship with its clients. It has been able to maintain its EBITDA margin in the range of 7-8%. The issue is available at a relatively attractive valuation, said However, it said the company's reducing client concentration seems to be a concern despite its presence in a wide array of products. The net proceeds of the issue worth Rs 88 crore will be used to repay debt while Rs 37.59 crore will be used for capital expenditure to upgrade and expand its existing facilities at Ghaziabad in Uttar Pradesh and Verna in Goa. The company has established market position in key verticals including leadership in fractional horsepower motors with diversified products, resulting in a de-risked business model, said Hem Securities. Its consisten...

Elin Electronics IPO review by Anil Singhvi: Subscribe or avoid? Check recommendation Elin Electronics IPO review: Singhvi said that the electronic company has experienced promoters and are in business for a long time. He further said that the revenue of the company has grown almost 33 per cent YoY in the past five years. • • • • • He further said that the company has a lot of competition from unorganised space as it is not a unique business. Singhvi further said that in the past 2-3 years, company’s debtors have increased which can be seasonal but is not good news. He added that except for this year because of capex cash flow was negative, but in the future too the company will need to invest in capex. According to Anil Singhvi, valuations are reasonable. IPO Subscription status: The initial share-sale of electronics manufacturing services company Elin Electronics received 37 per cent subscription on the first day of offer on Tuesday. The IPO got bids for 52,35,360 shares against 1,42,09,386 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) was subscribed 55 per cent, non-institutional investors portion received 43 per cent subscription and Qualified Institutional Buyers (QIBs) 1 per cent. Delhi-based Elin is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances, and a leading fractional horsepower motors manufacturer in the country. Get Latest Business News, Stock Market Updates...

The initial public offering (IPO) of Elin Electronics was fully subscribed by the afternoon of December 22, the final day of bidding. The offer has been subscribed 3.09 times, with bids coming for 4.39 crore shares against an IPO size of 1.42 crore shares, data available with exchanges. Retail investors and high networth individuals bought 2.2 times and 3.29 times their allotted quota of shares. The portion set aside for qualified institutional buyers was subscribed 4.51 times. The electronics manufacturing services (EMS) provider has reserved half of its offer size for qualified institutional buyers, 15 percent for non-institutional investors and the remaining 35 percent for retail investors. Elin Electronics is looking to mop up Rs 475 crore through the IPO, which comprises a fresh issue of Rs 175 crore and an offer for sale of Rs 300 crore by promoters. Click Here To Read All IPO Related News The company garnered Rs 142 crore through the anchor book. The price band for the offer is Rs 234-247 a share. At upper end of the price band, the company’s market capitalisation stands at Rs 1,226.6 crore. The company will used the proceeds to repay debt and expand facilities at Ghaziabad in Uttar Pradesh and Verna in Goa. Elin is a leading EMS 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 the country.

Elin Electronics failed to catch the eye of investors on its debut as the stock fell nearly 7 percent on December 30. But don't panic. Experts have advised holding the stock for the long-term given the immense potential in the electronics manufacturing services (EMS) industry going ahead. The stock opened at Rs 244 on the NSE, down 1.2 percent from its issue price of Rs 247. As the day progressed, it corrected further and traded 6.66 percent down at Rs 230.55 (at the time of writing this article). With healthy financials (albeit slight volatility in the operating profit margin), it is definitely an attractive valuation compared to its peers Dixon Technologies and Amber Enterprises. But the subdued equity market environment, and recent disappointing listings of several companies, may have impacted Elin’s debut performance, experts said. Founded in 1969, Elin Electronics is one of the oldest manufacturers of products for major light, fan, and small kitchen appliances brands in India. Also, it is one of the largest manufacturers of fractional horsepower motors. The company operates as both an original equipment manufacturer (OEM) and an original design manufacturer (ODM), with three manufacturing facilities in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh), and Verna (Goa). Click Here To Read All IPO Related News It started its journey about five decades back by manufacturing the tape-deck mechanism for cassette players, and graduated from there into the product line it ...

Elin Electronics IPO Details: Elin Electronics IPO date is fixed, the IPO is to hit the market on December 20 and will close on December 22. Elin Electronics IPO to raise around ₹472 crores via IPO that comprises fresh issue of ₹175 crores and offer for sale up to ₹300 crores of ₹5 each. The retail quota is 35%, QIB is 50%, and HNI is 15%. Elin Electronics Limited offers various products and services to its OEM customers. They are a one-stop solution provider, that offers Electronic Manufacturing Services, Universal Motors, Induction Motors, Design & Manufacturing of Tools/Moulds/Dies, Domestic Kitchen Appliances, Personal Care Products, Lighting Products & Automotive Components. Elin is one of the leading electronics manufacturing services providers to major brands of lighting, fans, and small/ kitchen appliances in India. Elin has three manufacturing plants in that one is located at Ghaziabad (NCR), one in Baddi (HP) & one in Goa. The company is an ISO 9001, ISO 14001 & IATF 16949 certified company and a flagship company of Elin Group. The company is promoted by the “Sethia” family. Elin is India’s largest Fractional Horse Power (FHP) Motors Manufacturer for Mixer Grinders, Juicer Mixer Grinders, Hand Blenders, Ventilation Fans, Table Pedestal Wall Fans, Kitchen Chimneys, Wet Grinders, Air Conditioners & Air Coolers (Synchronous Motors), Personal Fans, Room Heaters. Our company will be starting motor manufacturing very soon for Air conditioners – Indoor & Outdoor Motors,...

Elin Electronics failed to catch the eye of investors on its debut as the stock fell nearly 7 percent on December 30. But don't panic. Experts have advised holding the stock for the long-term given the immense potential in the electronics manufacturing services (EMS) industry going ahead. The stock opened at Rs 244 on the NSE, down 1.2 percent from its issue price of Rs 247. As the day progressed, it corrected further and traded 6.66 percent down at Rs 230.55 (at the time of writing this article). With healthy financials (albeit slight volatility in the operating profit margin), it is definitely an attractive valuation compared to its peers Dixon Technologies and Amber Enterprises. But the subdued equity market environment, and recent disappointing listings of several companies, may have impacted Elin’s debut performance, experts said. Founded in 1969, Elin Electronics is one of the oldest manufacturers of products for major light, fan, and small kitchen appliances brands in India. Also, it is one of the largest manufacturers of fractional horsepower motors. The company operates as both an original equipment manufacturer (OEM) and an original design manufacturer (ODM), with three manufacturing facilities in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh), and Verna (Goa). Click Here To Read All IPO Related News It started its journey about five decades back by manufacturing the tape-deck mechanism for cassette players, and graduated from there into the product line it ...

Elin Electronics IPO Details: Elin Electronics IPO date is fixed, the IPO is to hit the market on December 20 and will close on December 22. Elin Electronics IPO to raise around ₹472 crores via IPO that comprises fresh issue of ₹175 crores and offer for sale up to ₹300 crores of ₹5 each. The retail quota is 35%, QIB is 50%, and HNI is 15%. Elin Electronics Limited offers various products and services to its OEM customers. They are a one-stop solution provider, that offers Electronic Manufacturing Services, Universal Motors, Induction Motors, Design & Manufacturing of Tools/Moulds/Dies, Domestic Kitchen Appliances, Personal Care Products, Lighting Products & Automotive Components. Elin is one of the leading electronics manufacturing services providers to major brands of lighting, fans, and small/ kitchen appliances in India. Elin has three manufacturing plants in that one is located at Ghaziabad (NCR), one in Baddi (HP) & one in Goa. The company is an ISO 9001, ISO 14001 & IATF 16949 certified company and a flagship company of Elin Group. The company is promoted by the “Sethia” family. Elin is India’s largest Fractional Horse Power (FHP) Motors Manufacturer for Mixer Grinders, Juicer Mixer Grinders, Hand Blenders, Ventilation Fans, Table Pedestal Wall Fans, Kitchen Chimneys, Wet Grinders, Air Conditioners & Air Coolers (Synchronous Motors), Personal Fans, Room Heaters. Our company will be starting motor manufacturing very soon for Air conditioners – Indoor & Outdoor Motors,...

Synopsis Incorporated in 1969, Elin Electronics is a leading electronics manufacturing services provider. It manufactures and assembles a wide array of products and provides 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 the country. Incorporated in 1969, Elin Electronics is a leading electronics manufacturing services provider. It manufactures and assembles a wide array of products and provides 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 the country. The company has a long-term relationship with its clients. It has been able to maintain its EBITDA margin in the range of 7-8%. The issue is available at a relatively attractive valuation, said However, it said the company's reducing client concentration seems to be a concern despite its presence in a wide array of products. The net proceeds of the issue worth Rs 88 crore will be used to repay debt while Rs 37.59 crore will be used for capital expenditure to upgrade and expand its existing facilities at Ghaziabad in Uttar Pradesh and Verna in Goa. The company has established market position in key verticals including leadership in fractional horsepower motors with diversified products, resulting in a de-risked business model, said Hem Securities. Its consisten...

The initial public offering (IPO) of Elin Electronics was fully subscribed by the afternoon of December 22, the final day of bidding. The offer has been subscribed 3.09 times, with bids coming for 4.39 crore shares against an IPO size of 1.42 crore shares, data available with exchanges. Retail investors and high networth individuals bought 2.2 times and 3.29 times their allotted quota of shares. The portion set aside for qualified institutional buyers was subscribed 4.51 times. The electronics manufacturing services (EMS) provider has reserved half of its offer size for qualified institutional buyers, 15 percent for non-institutional investors and the remaining 35 percent for retail investors. Elin Electronics is looking to mop up Rs 475 crore through the IPO, which comprises a fresh issue of Rs 175 crore and an offer for sale of Rs 300 crore by promoters. Click Here To Read All IPO Related News The company garnered Rs 142 crore through the anchor book. The price band for the offer is Rs 234-247 a share. At upper end of the price band, the company’s market capitalisation stands at Rs 1,226.6 crore. The company will used the proceeds to repay debt and expand facilities at Ghaziabad in Uttar Pradesh and Verna in Goa. Elin is a leading EMS 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 the country.

Elin Electronics IPO review by Anil Singhvi: Subscribe or avoid? Check recommendation Elin Electronics IPO review: Singhvi said that the electronic company has experienced promoters and are in business for a long time. He further said that the revenue of the company has grown almost 33 per cent YoY in the past five years. • • • • • He further said that the company has a lot of competition from unorganised space as it is not a unique business. Singhvi further said that in the past 2-3 years, company’s debtors have increased which can be seasonal but is not good news. He added that except for this year because of capex cash flow was negative, but in the future too the company will need to invest in capex. According to Anil Singhvi, valuations are reasonable. IPO Subscription status: The initial share-sale of electronics manufacturing services company Elin Electronics received 37 per cent subscription on the first day of offer on Tuesday. The IPO got bids for 52,35,360 shares against 1,42,09,386 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) was subscribed 55 per cent, non-institutional investors portion received 43 per cent subscription and Qualified Institutional Buyers (QIBs) 1 per cent. Delhi-based Elin is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances, and a leading fractional horsepower motors manufacturer in the country. Get Latest Business News, Stock Market Updates...