Elin Electronics Limited

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. Company Name Elin Electronics Company Type Private Company Established On 1982 Elin Electronics IPO Opening Date 20 December 2022 Elin Electronics IPO Closing Date 22 December 2022 Elin Electronics IPO Allotment Status 27 December 2022 Credit of Shares to the Demat Account 29 December 2022 Elin Electronics IPO Listing Date 30 December 2022 Elin Electronics IPO Face Value ₹ 5 per share Elin Electronics IPO Lot Size 60 shares Elin Electronics IPO Issue Size ₹ 475 crore Elin Electronics IPO to be Listed on BSE, NSE Elin Electronics IPO Price band ₹ 234 - ₹ 247 Financial snapshot Particulars FY 20 FY 21 FY 22 Revenue ₹ 785.5 crore ₹ 862.3 crore ₹ 1,093.7 crore Net Profit ₹ 27.4 crore ₹ 34.8 crore ₹ 39.1 crore Here’s a quick look at Elin Electronics IPO’s strengths, weakness, opportunities and risks (SWOT analysis) Strengths and opportunities One of the largest manufacturers of fractional horsepower motors with a market share of 12% in FY21 One of the key players in LED lighting and flashlight with EMS market share of approximately 7% in FY21 One of the key players in the small appliances vertical with EMS market share of 10.7% in FY21 Has a marquee customer base including Everready, Philips, Havells and Bosch The total addressable EMS market in India is expected to grow to at a CAGR of 30% by FY26 Out of its top 20 customers, it has been serving 11 customers for over 10 years, and 16 customers for over 5 year Risks and threats Revenue concentration. Its top five customers accounted for around 63% of the revenue in FY22 In the past, the profitability ratios have been low. The PAT margin and ROCE stood at 3.5% and 7.3%, respectively in FY22 Incurred significant capital expenditure in the past and will continue to incur significant capex in the future The company and its customers operate in highly competitive industries. Its key competitors include Marathon, Dixon and Motherson Sumi 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: Login to your Upstox account, using your six-digit PIN After successfully logging in, click on ‘Discover’ On the Discover tab, you will find the ‘Invest in IPO’ section Under the Invest in IPO section, look for the ‘Elin Electronics IPO’ tab and click on it Now fill in all the required information, like ‘bid price’ and ‘lot size’ Confirm and click on ‘Pre-Apply’ Accept the mandate on your UPI app 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: Login to your Upstox account, using your six-digit PIN After successfully logging in, click on ‘Discover’ On the Discover tab, you will find the ‘Invest in IPO’ section Under the Invest in IPO section, look for the ‘Elin Electronics IPO’ tab and click on it Now fill in all the required information, like ‘bid price’ and ‘lot size’ Confirm and click on ‘Apply’ Accept the mandate on your UPI app 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: Login to your Upstox account, using your six-digit PIN After successfully logging in, click on ‘Discover’ On the Discover page, you will find the ‘Invest in IPO’ section Under the Invest in IPO section, you will find the ‘View all’ option Once you click on ‘View all’, you will be directed to the ‘IPO’ tab In the ‘IPO’ tab, click on ‘My applications’ In ‘My applications’, under the History section, your allotment status will be mentioned 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: Click here to visit the demat account opening page on the Upstox website. Enter your phone number and other essential details to begin opening a demat account. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. Complete the e-verification using the OTP sent to your registered mobile number. 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.