Elin Electronics IPO GMP

Elin Electronics IPO Details: The Rs 475 crore initial public offering (IPO) of electronics manufacturing services firm Elin Electronics is available from ...

The domestic production of electronics accounted for around 74% of the total electronics market in FY21, which is expected to reach around 96% by FY26. However, the company is operating in a highly competitive market, and the majority of its revenue is derived from a limited number of customers. Swastika Investmart in its research report noted, “Electronics is one of the fastest-growing industries in the country. Anand Rathi Research in its IPO note said, “On the valuations front Elin Electronics seems to be reasonably valued at a FY22 PE of 31.3x post-issue and 29.7x its FY23 annualized earnings (post issue) as compared to Dixon Technologies & Amber Enterprises which are trading at P/E of 140.4x & 62.8x respectively. Investors who wish to subscribe to Elin Electronics IPO can bid in a lot of 60 equity shares and multiples thereafter. 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.

Elin Electronics IPO price band fixed at Rs Rs 234-247. Elin Electronics IPO GMP was at Rs 43 on Monday.

“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. 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.” The company in its BSE filing said it has finalised allocation of 57.69 lakh shares to anchor investors at the upper end of the price band of Rs 247 per equity share. Elin Electronics [IPO](https://www.financialexpress.com/market/ipo-news/kfin-technologies-ipo-opens-for-subscription-kfin-tech-ipo-gmp-falls-should-you-apply/2918980/) shares were commanding a grey market premium (GMP) of Rs 43 on Monday, according to people dealing in unlisted securities. Out of the total allocation to the anchor investors, 40.48 lakh shares were allocated to 4 domestic mutual funds through a total of 11 schemes. One lot of the public issue will comprise 60 company shares and a retail investor can apply for a minimum of one lot and maximum of 13 lots.

Elin Electronics IPO: The company will have to fight hard to gain market share from other private and unorganised players. Many brokerages have a subscribe ...

“The low profitability ratio is mainly because of the business model and we may not see any significant improvement to these ratios in future. Elin's involvement in medical diagnostics is limited to the supply of cartridges to Molbio, a player which has its own patented technology in rapid point of care equipment. In its portfolio, medical diagnostic cartridges are listed as the product with the highest margin. Its largest customer (across product verticals) accounts for 27-30 percent of the total revenues. The EBITDA margin is higher than Dixon Technology’s 4 percent and a tad lower from Amber Enterprises’ 7.34 percent. Risks aside, market participants believe retail investors are excited about the issue as the GMP (grey market premium) stood at ~Rs 40, even before the opening of the IPO. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Some of its key competitors are Smile Electronics, PG Electroplast, Yash Electronics and Dixon Technologies. “Some of our customers have been associated with us for over 20 years. Net profit margin for Elin stands at 3.6 percent. Of this, Indian EMS companies make up for 40 percent. In October,

The three-day initial public offering (IPO) of Elin Electronics (EEL) will kick off for subscription on Tuesday, December 20, wherein the company is looking to garner Rs 475 crore via the primary route. The IPO shares are priced in the range of Rs ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The remaining 35% of the shares will be allotted to retail investors. It has been able to maintain its EBITDA margin in the range of 7-8%. The IPO shares are priced in the range of Rs 234-247 apiece. 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. Incorporated in 1969, Elin Electronics is a leading electronics manufacturing services provider.

New Delhi: If you want to invest in IPO today i.e. 20 December 2022 you have a great opportunity. Elin Electronics, an electronics manufacturing service ...

Earlier, shares of Elin Electronics were trading at a premium of Rs 40 on the gray market. Currently, Allyn Electronics shares are trading at a premium of Rs 47 in the gray market. Allyn Electronics shares are trading at a good premium on the gray market.

The initial public offer (IPO) of electronics manufacturing services company Elin Electronics received 37% subscription on the first day of offer that ...

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 ...

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. It offers various products and services to its original equipment manufacturers (OEMs) customers, including electronic manufacturing services, design and manufacturing of electric motors, lighting products, and automotive components. Post the public subscription, the shares are expected to go live on stock exchanges on December 30, 2022.

Elin Electronics IPO comprises a fresh issue of equity shares totaling Rs 175 and an offer-for-sale (OFS) of Rs 300 crore.

Issue details, price trend, business comparison](https://www.financialexpress.com/market/ipo-news/kfintech-ipo-vs-cams-which-stock-is-better-for-investors-issue-details-price-trend-business-comparison/2921258/) The issue is commanding a grey market premium (GMP) of Rs 45. The issue comprises a fresh issue of equity shares totalling Rs 175 and an offer-for-sale (OFS) of Rs 300 crore. These AMCs are [SBI](https://www.financialexpress.com/market/stock-market/state-bank-of-india-stock-price/) Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life Asset Management and PGIM India Mutual Fund. 50% of the IPO is reserved for QIBs, while NIIs can bid for 15% and retail investors for the remaining 35%. Retail investors, on the other hand, bid for 85% of the 71,04,693 shares reserved for RIIs.

Elin Electronics Ltd.'s initial public offering (IPO) began on December 20. DAY 1 and 2 updates and highlights.

The company’s one-stop-shop facilities and continually maintaining high standards of creating excellent items in a timely way are responsible for their high client retention capabilities. The Elin Electronics provides a huge variety of goods and offers end-to-end product solutions to customers and partners. Leading provider of electronics manufacturing services (“EMS”) is Elin Electronics Limited. The Retail investors has subscribed 0.84 times. Elin is a top provider of end-to-end product solutions for well-known brands and a leading provider of electronics manufacturing services (EMS), so one can invest in the IPO for the long term. The Institutional investors has subscribed 0.01 times and Non-institutional investors: 0.61 times.

According to data from BSE, the investors made bids for 81,25080 equity shares or 57% compared to the 1,42,09386 equity shares offered for the subscription ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). "It is reasonably priced at 38 times price-to-earnings (at the higher price band). "We believe the IPO is attractively priced." The issue comprises a fresh portion of Rs 175 crore, along with an offer for sale (OFS) of Rs 300 crore. The portion for qualified institutional bidders was booked only 1%. The quota for retail bidders was booked 1.33 times, whereas the allocation for non-institutional investors was subscribed 1.29 times.