Elin electronics ipo gmp today

Elin Electronics IPO Subscription Status Live Elin Electronics IPO subscribed 3.09 times. The public issue subscribed 2.20 times in the retail category, 4.51 times in QIB, and 3.29 times in the NII category by Dec 22, 2022. Investor Category Subscription (times) Shares Bid for Total Amount (Rs Cr.)* Qualified Institutions 4.51 1,83,03,120 452.09 Non-Institutional Buyers 3.29 1,00,22,100 247.55 bNII (bids above ₹10L) 2.99 60,73,800 150.02 sNII (bids below ₹10L) 3.89 39,48,300 97.52 Retail Investors 2.20 1,56,42,660 386.37 Employees [.] 0 0 Others [.] 0 0 Total 3.09 4,39,67,880 1,086.01 Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range. Elin Electronics IPO Shares Offered Elin Electronics IPO is a public issue of 14,209,386 equity shares. The issue offers 7,104,693 shares to retail investors, 4,059,824 shares to qualified institutional buyers, and 3,044,869 shares to non-institutional investors. Category Shares Offered Amount (Rs Cr) Size (%) QIB 4,059,824 100.28 28.57% NII 3,044,869 75.21 21.43% bNII (bids above ₹10L) 2,029,912 50.14 14.29% sNII (bids below ₹10L) 1,014,957 25.07 7.14% Retail 7,104,693 175.49 50.00% Total 14,209,386 350.97 100% IPO Investor Categories • 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 of insurance companies, an...

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,...

New Delhi: 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 company aims to generate proceeds worth Rs 475 crore the IPO that has been launched at the price band of Rs 234-247, along with a bid size of 60 shares. Post the public subscription, the shares are expected to go live on stock exchanges on December 30, 2022. As per reports, the Elin Electronics latest GMP suggests a premium of Rs 48, suggesting that the scrip will have a decent debut on its stock market listing. "One can subscribe to IPO for long term as Elin 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, and is one of the largest fractional horsepower motors manufacturers in India," the brokerage said in a note. Anand Rathi has also given ‘SUBSCRIBE-Long Term' rating to the IPO. "As Elin’s Revenue/PAT is growing at a robust CAGR of 18%/19% respectively (FY20-22) with an even robust industry outlook coupled with consistent margins we recommend “SUBSCRIBE-Long Term” rating to this IPO," the brokerage said in a note. Elin Electronics, a flagship company of Elin Group, was established in 1969 in Delhi NCR. It offers various products and services to its original equipment manufacturers (OEMs) customers, including electronic manufacturing services, design and manufacturing of electri...

Indian LED lighting solutions manufacturer IKIO Lighting is launching its initial public offering (IPO) June 6-8, with shares expected to start trading on June 16. The company's shares will likely be listed at between INR270 ($3.81) and INR285 per equity share, with the upper end of that range raising INR607 crore for the company. The IPO will include a fresh equity issue of up to INR350 crore and an offer for sale of up to 9 million shares. The proceeds will be used to repay borrowings, invest in subsidiary IKIO Solutions and for general corporate purposes. 04 Jun, 2023, 02:30 PM IST The total reservation of Macfos IPO has been fixed at 23,28,000 shares of which 1,16,400 shares are categorized for anchor investors, 11,04,000 for qualified institutional buyers (QIBs), 3,32,400 shares for non-institutional investors (NIIs) and 7,75,200 for retail investors (RIIs) 15 Feb, 2023, 07:14 PM IST The grey market data available for the stock for the past 14 sessions indicates a weak-to-modest listing for the stock. The stock has been trading at a discount for the past three sessions.For the last 14 sessions, the grey market premium or GMP for Elin Electronics has moved from a high of Rs 48 on 20 December to a discount of Rs 8 on 26 December. For the last three consecutive days, the GMP has been in the negative zone. 29 Dec, 2022, 01:48 PM IST Incorporated in 1969, Elin Electronics is a leading electronics manufacturing services provider. It manufactures and assembles a wide array o...

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...

The grey market premium aka IPO GMP is information that is calculated based on the demand of a company that is coming up with an IPO. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. IPO Investors always look at the premium of an IPO before investing in it but it might vary as per the market conditions, demand, and subscription numbers. Current IPO GMP Rates Check the latest IPO analysis and the estimated grey market rates of IPO Name Date IPO GMP IPO Price Listing Gain 6-8 Jun ₹100 ₹285 36% 20-24 Jun ₹– ₹585 -% Soon ₹400 ₹- -% 7-9 Jun ₹4 ₹30 13% 9-14 Jun ₹20 ₹173 12% 12-14 Jun ₹40 ₹100 40% 12-15 Jun ₹– ₹175 -% 14-16 Jun ₹15 ₹320 4% 15-20 Jun ₹10 ₹100 10% 16-21 Jun ₹– ₹30 -% 19-21 Jun ₹– ₹60 -% 23-27 Jun ₹– ₹- -% 2023 ₹100 ₹- -% 2023 ₹– ₹- -% 2023 ₹– ₹- -% 2023 ₹– ₹- -% 2023 ₹– ₹- -% IPO Kostak & Subject to Sauda Rates IPO Name Type Kostak Subject to Sauda Mainline ₹600 ₹3500 Mainline ₹- ₹- Mainline ₹- ₹- BSE SME ₹- ₹- NSE SME ₹- ₹10000 NSE SME ₹- ₹30000 BSE SME ₹- ₹- BSE SME ₹- ₹5000 NSE SME ₹- ₹10000 NSE SME ₹- ₹- NSE SME ₹- ₹- NSE SME ₹- ₹30000 Mainline ₹- ₹- Mainline ₹- ₹- Mainline ₹- ₹- Mainline ₹- ₹- Mainline ₹- ₹- Let’s see how to calculate the estimated listing price after adding a premium. If the grey market shows the rate of an IPO is ₹100 and the IPO price is around ₹200 then the estimated listing price will be around ₹300. Based on the calculation the listing gain will be 50% against the IPO price. T...

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...

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...

Incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services ("EMS") provider. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India. Elin Electronics Limited manufactures and assembles a wide array of products and provides end-to-end product solutions. The company serve under both original equipment manufacturer ("OEM") and original design manufacturer ("ODM") business models. The company's diversified 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. The company has three manufacturing facilities which are strategically located in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh) and Verna (Goa). The company also has a centralized R&D centre in Ghaziabad (Uttar Pradesh), focusing on the research and development of all aspects of OEM and ODM models including concept sketching, design refinement, generating optional features and testing. In Fiscals 2020,...