Elin electronics ipo gmp

December 30, 2022 admin [ssba] Elin Electronics IPO Analysis @ Chanakyanipothi.com the Oldest & the most Trusted Investment Website. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years Elin Electronics IPO Listing Estimate & actual listing: Since the oversubscription was not impressive and sharp decline in grey market fancy, the IPO is expected to list at marginal discount. However, the business model is very strong. So accumulate some shares on listing and hold them for 6 to 9 months. The scrip Listed at Rs244 (Rs.3 discount) Elin Electronics IPO Guidance: IPO size is very small and that for NII is too small (just Rs. 75.21Cr) so huge oversubscription is natural. Upper Price Band/last EPS: 25.76 & Upper offer price/Book Value Ratio 3.33 indicate very attractive valuation as compared to peer companies, yet the fancy in the grey market is not impressive. The current grey market premium is Rs. 45, indicating probability of very small returns on listing. However, if you are long term investor, do apply in this IPO. It is expected to fetch strong return in 9 months post listing. Elin Electronics Grey Market News Today # GMP Rs. (-)5 Elin Electronics subscription Status # On 22 December 2022 @ 5 .00 pm (Closed) QIB : 4059824 Shares, 4.51T Big NII : 2029912 Shares, 2.99T SmallNII: 1014957 Shares, 3.89T RII : 7104693 Shares, 2.20T Total : 14209386 Shares, 3.09T Elin Electronics Company Details Elin Electron...

Adipurush Review: Netizens Give Their Verdict On Twitter © Provided by The Indian Express Elin Electronics IPO GMP: The initial public offering (IPO) of electronics manufacturing services firm Elin Electronics opened for subscription on Tuesday, December 20, 2022. It opened for public subscription at 10 am and was subscribed around 13 per cent by 12:57 pm on the first day of bidding. It received total bids for 18,01,200 shares across both the stock exchanges against 1,42,09,386 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 475 crore Elin Electronics IPO will be available for subscription till Thursday, December 22, 2022, and the price band of the company has been fixed at Rs 234-247 per share. The IPO comprises a fresh issue of equity shares aggregating up to Rs 175 crore and an offer-for-sale (OFS) of up to Rs 300 crore by promoters and existing shareholders. Through the OFS route, promoters Kamal Sethia, Suman Sethia, Kishore Sethia, Vasudha Sethia, Gaurav Sethia, Vinay Kumar Sethia and Sumit Sethia will offload their shares. Additionally, other shareholders - Dhani Devi Sethia Trust, Kamal Sethia & Sons HUF and Vijay Singh Sethia too will sell their shares. The net proceeds from the fresh issue will be used for repayment of certain borrowings, funding capital expenditure towards upgrading and expanding existing facilities at Ghaziabad (Uttar Pradesh) and Verna (Goa) and for general corporate purposes, according to the information given in the H...

Elin Electronics IPO description – The company is a leading electronics manufacturing services (EMS) manufacturer of end-to end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India. It is also among the largest fractional horsepower motor manufacturers in India. In addition, it is one of the key players in LED lighting and flashlight with EMS market share of pproximately 7% in Fiscal 2021. Elin manufactures and assembles a wide array of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, the company manufactures and supplies products basis designs developed by its customers. Under the ODM model, in addition to manufacturing, the company conceptualize and design the products for its clients. Its product portfolio in EMS includes (i) LED lighting, fans and switches including lighting products, ceiling, fresh air and TPW fans, and modular switches and sockets; (ii) small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryer and hair straightener; (iii) fractional horsepower motors, which is used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, TPW fans etc.; and (iv) other miscellaneous products such as terminal block for air conditioners, stainless steel blade for mixer grinders, die casting, radio sets. • • • • • • • • • • • •...

Elin Electronics Limited is among India’s biggest fractional horsepower motor producers and a renowned electronics manufacturing services (“EMS”) maker of end-to-end product offerings for top brands of lighting, fans, and small/kitchen appliances. Elin Electronics IPO will hit the stock market in 20 December 2022. Table of Contents • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • About Elin Electronics Based on their overall market, they are expected to be the biggest players in this sector in Fiscal 2021, with a market share of 12%. Furthermore, with an EMS market share of about 7% in Fiscal 2021, they are among the leading companies in LED lighting and flashlights, as well as one of the leading players in the small appliances vertical, with an EMS market share of 10.7% in Fiscal 2021. They produce and assemble a wide range of items and offer complete product solutions. Original equipment manufacturer (OEM) and original design manufacturer (ODM) business types are both adopted by them. Models • Under the OEM model, they manufacture and supply products based on designs created by their clients, who then sell them under their own brands. • In the ODM model, they envision and create items in addition to manufacturing them, which are subsequently marketed to their customers’ targeted buyers under their trademarks. Credit – Elin Electronics DRHP Products In EMS, they have a diverse product portfolio that includes: • LED lighting, fans, and swit...

Elin Electronics latest IPO GMP Today is ₹4(+/-1), last updated on Dec 30th 2022 09:04 AM. Given at the price band of 247, the estimated listing price for the Elin Electronics IPO is ₹251 (cap price + today's GMP). The expected gain/loss per share in terms of percentage is 1.62%. We update GMP on daily basis and based on the last 16 sessions grey market activities, The current GMP (₹4) is showing signals towards the lower side. With this trend, it can go further down on listing day. The lowest GMP is recorded at ₹-8 while the highest GMP is ₹48. Stay tuned with us to know the day-by-day Elin Electronics IPO GMP Performance along with its expected listing price. Elin Electronics Day-wise IPO GMP Trend GMP Date GMP S2S Estimated Listing Price Last Updated Time 30-12-2022 ₹4 - ₹251 (1.62%) 30-Dec-2022 08:04:00 AM 29-12-2022 ₹-4 800 ₹243 (-1.62%) 29-Dec-2022 04:34:57 PM 28-12-2022 ₹-4 800 ₹243 (-1.62%) 28-Dec-2022 04:15:53 PM 27-12-2022 ₹-7 800 ₹240 (-2.83%) 27-Dec-2022 04:36:54 PM 26-12-2022 ₹-8 800 ₹239 (-3.24%) 26-Dec-2022 04:22:00 PM 25-12-2022 ₹5 800 ₹252 (2.02%) 25-Dec-2022 07:00:07 AM 24-12-2022 ₹5 800 ₹252 (2.02%) 24-Dec-2022 08:45:45 AM 23-12-2022 ₹5 800 ₹252 (2.02%) 23-Dec-2022 08:04:37 PM 22-12-2022 ₹2 - ₹249 (0.81%) 22-Dec-2022 12:50:27 PM 21-12-2022 ₹22 800 ₹269 (8.91%) 21-Dec-2022 04:53:30 PM 20-12-2022 ₹48 1300 ₹295 (19.43%) 20-Dec-2022 03:19:55 PM 19-12-2022 ₹39 1300 ₹286 (15.79%) 20-Dec-2022 12:46:06 PM 18-12-2022 ₹43 - ₹290 (17.41%) 18-Dec-2022 11:00:14 AM 17...

Elin Electronics IPO: Should you apply or not? Reliance Securities: Subscribe “Based on FY22 earnings the company is valued at 31.3x P/E, 16.8x EV/EBITDA and 1.2x EV/Sales. In view of the company’s dual OEM and ODM based business model, diverse products and services portfolio, healthy financials, focus on R&D and strong growth potential given the large addressable market, we recommend ‘SUBSCRIBE’ to the issue.” Policybazaar IPO opens: Pricey valuation, loss-making company; should you subscribe or stay away from issue? Ashika Stock Broking: Neutral “The promoter group is offloading their stake in this IPO. Company will utilize Rs 175 crore towards debt repayment and capex. Hence, debt level is expected to reduce further post the IPO. In terms of the valuations, on the higher price band, EEL demands a P/E multiple of 29.7x based on H1FY23 post issue fully diluted EPS which seems at higher level. Given the valuation at higher level, small scale of operation compared to the peers and muted financial growth, we have Neutral view on this IPO.” Hem Securities: Subscribe “Company has established market position in key verticals including leadership in fractional horsepower motors with diversified products resulting in a de-risked business model. Also, company’s entrenched relationships with a marquee customer base & high degree of backward integration resulting in higher efficiencies, enhanced quality of products and customer retention capability. Along with this, company’s consis...

Elin Electronics Limited is among India’s biggest fractional horsepower motor producers and a renowned electronics manufacturing services (“EMS”) maker of end-to-end product offerings for top brands of lighting, fans, and small/kitchen appliances. Elin Electronics IPO will hit the stock market in 20 December 2022. Table of Contents • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • About Elin Electronics Based on their overall market, they are expected to be the biggest players in this sector in Fiscal 2021, with a market share of 12%. Furthermore, with an EMS market share of about 7% in Fiscal 2021, they are among the leading companies in LED lighting and flashlights, as well as one of the leading players in the small appliances vertical, with an EMS market share of 10.7% in Fiscal 2021. They produce and assemble a wide range of items and offer complete product solutions. Original equipment manufacturer (OEM) and original design manufacturer (ODM) business types are both adopted by them. Models • Under the OEM model, they manufacture and supply products based on designs created by their clients, who then sell them under their own brands. • In the ODM model, they envision and create items in addition to manufacturing them, which are subsequently marketed to their customers’ targeted buyers under their trademarks. Credit – Elin Electronics DRHP Products In EMS, they have a diverse product portfolio that includes: • LED lighting, fans, and swit...

Elin Electronics IPO: Should you apply or not? Reliance Securities: Subscribe “Based on FY22 earnings the company is valued at 31.3x P/E, 16.8x EV/EBITDA and 1.2x EV/Sales. In view of the company’s dual OEM and ODM based business model, diverse products and services portfolio, healthy financials, focus on R&D and strong growth potential given the large addressable market, we recommend ‘SUBSCRIBE’ to the issue.” Policybazaar IPO opens: Pricey valuation, loss-making company; should you subscribe or stay away from issue? Ashika Stock Broking: Neutral “The promoter group is offloading their stake in this IPO. Company will utilize Rs 175 crore towards debt repayment and capex. Hence, debt level is expected to reduce further post the IPO. In terms of the valuations, on the higher price band, EEL demands a P/E multiple of 29.7x based on H1FY23 post issue fully diluted EPS which seems at higher level. Given the valuation at higher level, small scale of operation compared to the peers and muted financial growth, we have Neutral view on this IPO.” Hem Securities: Subscribe “Company has established market position in key verticals including leadership in fractional horsepower motors with diversified products resulting in a de-risked business model. Also, company’s entrenched relationships with a marquee customer base & high degree of backward integration resulting in higher efficiencies, enhanced quality of products and customer retention capability. Along with this, company’s consis...

Adipurush Review: Netizens Give Their Verdict On Twitter © Provided by The Indian Express Elin Electronics IPO GMP: The initial public offering (IPO) of electronics manufacturing services firm Elin Electronics opened for subscription on Tuesday, December 20, 2022. It opened for public subscription at 10 am and was subscribed around 13 per cent by 12:57 pm on the first day of bidding. It received total bids for 18,01,200 shares across both the stock exchanges against 1,42,09,386 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 475 crore Elin Electronics IPO will be available for subscription till Thursday, December 22, 2022, and the price band of the company has been fixed at Rs 234-247 per share. The IPO comprises a fresh issue of equity shares aggregating up to Rs 175 crore and an offer-for-sale (OFS) of up to Rs 300 crore by promoters and existing shareholders. Through the OFS route, promoters Kamal Sethia, Suman Sethia, Kishore Sethia, Vasudha Sethia, Gaurav Sethia, Vinay Kumar Sethia and Sumit Sethia will offload their shares. Additionally, other shareholders - Dhani Devi Sethia Trust, Kamal Sethia & Sons HUF and Vijay Singh Sethia too will sell their shares. The net proceeds from the fresh issue will be used for repayment of certain borrowings, funding capital expenditure towards upgrading and expanding existing facilities at Ghaziabad (Uttar Pradesh) and Verna (Goa) and for general corporate purposes, according to the information given in the H...

December 30, 2022 admin [ssba] Elin Electronics IPO Analysis @ Chanakyanipothi.com the Oldest & the most Trusted Investment Website. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years Elin Electronics IPO Listing Estimate & actual listing: Since the oversubscription was not impressive and sharp decline in grey market fancy, the IPO is expected to list at marginal discount. However, the business model is very strong. So accumulate some shares on listing and hold them for 6 to 9 months. The scrip Listed at Rs244 (Rs.3 discount) Elin Electronics IPO Guidance: IPO size is very small and that for NII is too small (just Rs. 75.21Cr) so huge oversubscription is natural. Upper Price Band/last EPS: 25.76 & Upper offer price/Book Value Ratio 3.33 indicate very attractive valuation as compared to peer companies, yet the fancy in the grey market is not impressive. The current grey market premium is Rs. 45, indicating probability of very small returns on listing. However, if you are long term investor, do apply in this IPO. It is expected to fetch strong return in 9 months post listing. Elin Electronics Grey Market News Today # GMP Rs. (-)5 Elin Electronics subscription Status # On 22 December 2022 @ 5 .00 pm (Closed) QIB : 4059824 Shares, 4.51T Big NII : 2029912 Shares, 2.99T SmallNII: 1014957 Shares, 3.89T RII : 7104693 Shares, 2.20T Total : 14209386 Shares, 3.09T Elin Electronics Company Details Elin Electron...