Elin ipo gmp

• • • • Elin Electronics is about to release its IPO on Dec 20, 2022. The issue is closing on Dec 22, 2022 and is currently having an active grey market. The Elin Electronics IPO GMP is running at a stable rate as per the current situation. In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market. However, the QIB and the HNI numbers are the key indicators of GMP in the case of Elin Electronics IPO. The company is intended to raise Rs 475.00 Cr. by the released issue. Elin Electronics IPO GMP Rates, Kotak rates & SS This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band along with listing details, and more. Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR) 31 Dec 2022 Disc NA NA 30 Dec 2022 Disc NA NA 29 Dec 2022 Disc NA NA 28 Dec 2022 Disc NA NA 27 Dec 2022 Disc NA NA 26 Dec 2022 Disc NA NA 25 Dec 2022 Rs.5 NA NA 24 Dec 2022 Rs.5 NA NA 23 Dec 2022 Rs.5 NA NA 22 Dec 2022 Rs. 45 NA NA 21 Dec 2022 Rs. 45 NA NA 20 Dec 2022 Rs. 45 NA NA 19 Dec 2022 Rs. 45 NA NA 17 Dec 2022 Rs. 30 NA NA 16 Dec 2022 Rs. 30 NA NA Check out Related IPO Links: Open Free Demat Account Now! IPO Open Date Dec 20, 2022 IPO Close Date Dec 22, 2022 Basis of Allotment Date Dec 27, 2022 Initiation of Refunds Dec 28, 2022 Credit of Shares to Demat Account Dec 29,...

• Elin Electronics IPO will open next week on December 20 and close on December 22. • The price band of the IPO is set at ₹234 - ₹247 per share. • The company plans to raise ₹475 crore out of which ₹175 crore worth shares will be via a fresh issue and ₹300 crore via an offer for sale by promoters and other shareholders. • The proceeds from the fresh issue will be used to repay debt, fund capital expenditure for upgradation and expanding existing plants. Electronics manufacturing services company Elin Electronics will open its initial public offering (IPO) next week on December 20 and close on December 22. The price band of the IPO is set at ₹234-247 per share. The company plans to raise ₹475 crore. Of this, ₹175 crore worth shares will be raised via a fresh issue, and ₹300 crore via an offer for sale by promoters and shareholders. The proceeds from the fresh issue will be used to repay debt, fund capital expenditure for upgradation and expanding existing plants. The shares of the company are currently commanding a grey market premium, or GMP, of ₹30 per share. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances in India. It is also one of the largest fractional horsepower motor manufacturers in India. Also, it manufactures and assembles a wide array of products and provides end-to-end product solutions. The company has three manufacturing facilities located in Ghaziabad (Uttar Pradesh), Baddi (Himac...

• • • • Elin Electronics IPO GMP Today: Here’s everything you need to know Elin Electronics IPO GMP Today: Here’s everything you need to know Elin Electronics IPO Details: The Rs 475 crore initial public offering (IPO) of electronics manufacturing services firm Elin Electronics is available from December 20-22, 2022. It has a price band of Rs 234–247 per share. 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 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 repayme...

Investors and subscribers of the Initial Public Offer (IPO) of Elin Electronics are now eagerly waiting for the finalisation of the share allotment status. According to the temptative schedule the Elin Electronics IPO share allotment status is likely to be finalised on December 27. Notably, Elin Electronics IPO opened for subscription on December 20 and concluded on December 22. On the final and last day of subscription, the public issue was subscribed 3.09 times. Ahead of announcement of share allocation, the shares of the Rs. 475 crore worth IPO are available at a premium (GMP) of Rs. 5 in grey market today, according to the market observers, as per a Elin On Thursday, the last day of the subscription, the shares reserved for the QIB category received 4.51 times subscription followed by the Retail category with 2.20 times and NII receiving 3.29 times subscription. They will have to visit the official website of BSE or the registrar of the IPO- KFin Technologies Limited in order to check the Elin Electronics IPO share allotment status. Here is a step-by-step guide to check the Elin Electronics IPO share allotment status. How to check Elin Electronics IPO share allotment status online via BSE 1. Visit the official website of BSE or click on the direct link given here— https://www.bseindia.com/investors/appli_check.aspx. 2. Select Elin Electronics IPO in the menu. Notably, the name of the company will be available only after the finalisation of the share allotment status. 3...

Elin Electronics IPO opens on December 20 and closes on December 22, 2022. According to the DRHP filed in SEBI, the company is planning to raise about 475 crore through this public issue. One of the biggest fractional horsepower motor producers in India is Elin Electronics, a leading electronics manufacturing services (“EMS”) maker of end-to-end product solutions for major brands of lighting, fans, and small/kitchen appliances. The following are part of the company’s diverse major EMS product portfolio: • TPW fans, ceiling fans, fresh air fans, LED lights, fans, and switches, as well as modular switches and plugs; • Small appliances such toasters, hand blenders, mixer grinders, dry and steam irons, hair dryers, and hair straighteners; • Wet grinders, air conditioners, heat convectors, TPW fans, chimneys, hand blenders, mixer grinders, etc. all use fractional horsepower motors; • Terminal blocks for air conditioners, stainless steel blades for mixer grinders, die casting, and radio sets are a few other unrelated products. Elin Electronics Ltd. produces plastic-moulded and sheet metal parts and components, as well as medical diagnostic cartridges for use in diagnostic instruments, principally for clients in the automotive auxiliary and consumer durables sectors. The business also produces and markets fractional horsepower motors under the name “Elin.” The business has three strategically positioned production plants in Verna, Baddi, and Ghaziabad, all in Uttar Pradesh (Goa)....

comprises of a fresh issue of shares to the tune of Rs. 175 crore and an offer for sale (OFS) of Rs. 300 crore. The offer for sale (OFS) component is by the promoters and early shareholders of the company. Here it must be noted that while the fresh issue component infuses fresh funds into the company, it also is EPS dilutive and equity dilutive. On the other hand, the OFS is just a transfer of shares so there is no fresh infusion of funds, but it also does not dilute the equity. The issue has been priced in the band of Rs. 234 to Rs. 247 per share and the IPO allotment price will be discovered post the book building of shares being completed during the IPO process. The issue opens for subscription on 20th December 2022 and closes for subscription on 22nd December 2022 (both days inclusive). The basis of allotment will be finalized on 27th December 2022 and the refunds will be initiated on 28th December 2022. In addition, the demat credits are expected to happen on 29th December 2022 and the stock is scheduled to list on 30th December 2022 on the NSE and the BSE. The grey market price (GMP) trading normally starts about 4-5 days prior to IPO opening and continues till the listing date. In the case of Elin Electronics Ltd, we already have Elin Electronics IPO GMP data for the last 5 days, which should give a reasonable picture of the likely listing performance. There are 2 factors that impact the GMP. Firstly, the market conditions have a deep impact on the GMP, which includ...

Search Review Crow Top Contributor (400+ Posts, 200+ Likes) Neutral Small company, small issue, and therefore inconsequential listing expected. But the sector is booming as manufacturers look to outsource everything to make themselves asset-light. Might get 5% listing if QIB crosses 3x. Will try for 1 retail lot on 3rd day if overall subs is 2X+. GMP is invisible so exit strategy need to be strong. Dec 21, 2022 2:27:36 PM Innocent IPO Investor Subscribe for Listing Gain at Cut-off Price valuation are good and left something for investor for listing gains. Dec 20, 2022 4:04:51 PM MELU Subscribe for Listing Gain at Upper Price Band Elin Electronics Limited Atchchha ipo hai bharna chahiye jo mila wahi lekar nikal jaana chahiye ...public kya bolti hai Dec 19, 2022 11:33:08 AM Sukhi sansar सुखी संसार Subscribe for Long Term at Upper Price Band सुखी संसार द्वारा दिए जाने वाले आईपीओ स्कोर Elin Electronics का स्कोर 32 KFin Tech का स्कोर 23.5 Sula Vineyards का स्कोर 21 Landmark cars का स्कोर 13 Abans Holdings का स्कोर 10 Dharmaj crop का स्कोर 35 Dec 19, 2022 7:56:59 AM Top Contributor Subscribe for Listing Gain at Upper Price Band Apply Dec 17, 2022 10:27:24 PM newgen consultancy Top Contributor (400+ Posts, 100+ Likes) Subscribe for Listing Gain at Upper Price Band Attractive valuations and hot sector Dec 17, 2022 4:32:08 PM UMESH Goyal Subscribe for Short Term at Cut-off Price Company valuation is very attractive when compared to peers and management is well experienced in the bu...

The Rs 475 crore initial public offer (IPO) by Elin Electronics will open for public subscription today. The issue would comprise a fresh issue of Rs 175 crore and an offer for sale of Rs 300 crore to be sold in the 234-Rs 247 price band. Last heard, the IPO was commanding a grey market premium (GMP) of Rs 45 per share. Elin Electronics is in a promising and growing industry, which has huge scope of growth, said analysts who said the company's increasing focus on higher margin ODM (original design manufacturing) segment is positive. Taking valuations into consideration, they are neutral-to-positive on the issue. Elin Electronics manufactures end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances in India. It is among the largest fractional horsepower motors manufacturers in India. Out of its top 20 customers as of September 30, it was serving 11 customers for over 10 years and 16 for over five years. Elin's top 10 customers accounted for nearly 77 per cent of total revenues in FY22. Its top five customers included Philips, Havells India, Eveready, Signify and Molbio and contributed 63 per cent of Elin's top line. A total of 35 per cent of Elin Electronics IPO is reserved for retail investors. Retail investors would be required to subscribe to a minimum of 1 lot of 60 shares. At the upper end of the price band, one lot would be valued at Rs 14,820. The maximum shares that retail investors can buy are 780 or 13 lots worth Rs 1,92,660. B...

Elin Electronics IPO: After closure of three days subscription, all eyes are now set on share allotment date. As per the tentative schedule of the public issue, Elin Electronics IPO allotment date is most likely on 27th December 2022. However, ahead of announcement of share allocation, grey market is also dropping hint about the primary market sentiment in regard to the IPO (Initial Public Offering) worth ₹475 crore. According to market observers, shares of Elin Electronics are available at a premium of ₹5 in grey market today. Elin Electronics IPO GMP today Market observers said that Elin Electronics IPO grey market premium (GMP) today is ₹5 and it has remained steady for last three days. They said that grey market sentiments on Elin Electronics IPO has gone down drastically after the trend reversal on Dalal Street. They went on to add that continuous sell off for last four days has taken a tall on primary market sentiments and despite this weak sentiment, Elin Electronics IPO GMP is positive, which is good for short term investors, Elin Electronics IPO allotment status After announcement share allocation, a bidder would be able to check one's application status online by logging in at the BSE website or at the KFin Tech website, official registrar of the IPO. However, for convenience, one can login at direct BSE link — bseindia.com/investors/appli_check.aspx or at KFin Tech link — https://kprism.kfintech.com/ipostatus and check Elin Electronics IPO allotment status onlin...

• Elin Electronics IPO will open next week on December 20 and close on December 22. • The price band of the IPO is set at ₹234 - ₹247 per share. • The company plans to raise ₹475 crore out of which ₹175 crore worth shares will be via a fresh issue and ₹300 crore via an offer for sale by promoters and other shareholders. • The proceeds from the fresh issue will be used to repay debt, fund capital expenditure for upgradation and expanding existing plants. Electronics manufacturing services company Elin Electronics will open its initial public offering (IPO) next week on December 20 and close on December 22. The price band of the IPO is set at ₹234-247 per share. The company plans to raise ₹475 crore. Of this, ₹175 crore worth shares will be raised via a fresh issue, and ₹300 crore via an offer for sale by promoters and shareholders. The proceeds from the fresh issue will be used to repay debt, fund capital expenditure for upgradation and expanding existing plants. The shares of the company are currently commanding a grey market premium, or GMP, of ₹30 per share. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances in India. It is also one of the largest fractional horsepower motor manufacturers in India. Also, it manufactures and assembles a wide array of products and provides end-to-end product solutions. The company has three manufacturing facilities located in Ghaziabad (Uttar Pradesh), Baddi (Himac...