About Elin Electronics IPO
Since its inception, Elin Electronics has shown that it can successfully expand and pivot.
In 1977, this electronics manufacturing services (EMS) player started with manufacturing motors. In 1999, it expanded to small appliances manufacturing. Two years later, it commenced manufacturing of LED lighting and subsequently progressed into manufacturing of flashlights in 2007. And then in 2019, it started manufacturing fans.
Today, it is a leading EMS company with end-to-end product solutions for major brands of lighting, fans, and kitchen appliances in India. It is also one of the largest fractional horsepower motors (used in low-voltage power applications such as electric fans, mixer-grinder, and juicer mixer) manufacturers in the country.
It operates under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, it manufactures and supplies products based on designs developed by the customers. Under the ODM model, apart from manufacturing, the company conceptualises and designs the products. It has ODM capabilities for lighting products and small appliances.
Now, this company is launching the Elin Electronics IPO. The Elin Electronics ltd IPO will be a combination of a fresh issue and an offer for sale. The money raised through the fresh issue of Elin Electronics IPO will be used for reducing debt and expanding capacity.
Here’s a quick look at Elin Electronics IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
Elin Electronics IPO details
| Elin Electronics IPO date
The offer document filed by the company with the SEBI mentions that the Elin Electronics IPO’s opening date – in other words, the Elin Electronics IPO launch date – will be on 20 December 2022. The Elin Electronics IPO closing date is 22 December 2022. After this, investors will be updated about the allotment status on 27 December 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 29 December 2022. The Elin Electronics IPO listing date is 30 December 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Elin Electronics IPO Price Band
The entire IPO is a book-built issue. The Elin Electronics IPO price band has been set between ₹234 and ₹247 per share. Interested investors can choose a price within this band to apply for the IPO.
The Elin Electronics IPO listing price will be determined on 30 December 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Elin Electronics IPO Lot size
The Elin Electronics IPO details have been declared. The Elin Electronics IPO lot size is set at 60 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (780 shares). Meanwhile, the Elin Electronics IPO issue size is ₹475 crore.
How to pre-apply for the Elin Electronics IPO?
You can pre-apply for the Elin Electronics IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
How to apply for the Elin Electronics IPO?
If you are interested in this investment opportunity but unsure how to apply for the Elin Electronics IPO, here we are listing out the steps for you.
Here’s a step-by-step guide on how to apply for the Elin Electronics IPO on Upstox:
How to check the Elin Electronics IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around three to five days after an IPO closes. This is also true in the case of the Elin Electronics IPO.
The Elin Electronics IPO’s closing date is 22 December 2022. The Elin Electronics IPO’s allotment date has been set five days later, on 27 December 2022.
Here’s a step-by-step guide on how to check the Elin Electronics IPO allotment status:
Open a demat account with Upstox to apply for the Elin Electronics IPO
To apply for the Elin Electronics IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Elin Electronics IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Elin Electronics IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Elin Electronics IPO means applying for this public issue before it goes live. Click here to pre-apply for the Elin Electronics IPO on Upstox.
You can pre-apply for the Elin Electronics IPO from 19 December 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
Click here to apply for the Elin Electronics IPO on Upstox. You can also download our app and apply for the IPO.
The Elin Electronics IPO launch date is 20 December 2022. The Elin Electronics IPO will be open for subscription till 22 December 2022.
The Elin Electronics lot size is 60 shares and the minimum investment required is ₹14,040.
The Elin Electronics IPO price band is ₹234-₹247 per share.
The size of the Elin Electronics IPO is ₹475 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 29 December 2022.
Shares of Elin Electronics will list on BSE and NSE.
Elin Electronics shares’ listing date is 30 December 2022.