Elin Electronics Limited IPO

Elin Electronics Limited IPO

Company Profile


Elin Electronics Limited, a well-known supplier of electronics manufacturing services (or "EMS"), was founded in 1969. The business is one of the biggest producers of fractional horsepower motors in India and provides end-to-end product solutions for well-known brands of lighting, fans, and small/kitchen appliances.


Elin Electronics Limited manufactures, assembles, and offers end-to-end product solutions for a broad range of products. The business operates using the original design manufacturer (ODM) and original equipment manufacturer (OEM) models.

The company's wide range of EMS products includes modular switches and sockets, small appliances like dry and steam irons, toasters, hand blenders, mixer grinders, hair dryers, and hair straighteners. fractional horsepower motors used in mixer grinders, hand blenders, wet grinders, chimneys, air conditioners, heat convectors, TPW fans, and LED lighting, fans, and switches including lighting products.

Business Profile

The business has three strategically placed manufacturing plants, one each in Verna (Goa), Himachal Pradesh's Baddi, and Uttar Pradesh's Ghaziabad.

Additionally, the business has a centralised R&D facility in Ghaziabad, Uttar Pradesh, which focuses on the study and development of OEM and ODM models in all their aspects, including idea sketching, design improvement, the creation of extra features, and testing.

The company served 387, 342 and 297 clients over the seven-month period that concluded on October 31, 2022, correspondingly, in Fiscals 2020, 2021, and 2022.

The company generated ₹7,855.84 million, ₹8,623.78 million, ₹10,937.54 million, and ₹6,044.57 million in income from operations in fiscal years 2020, 2021, and 2022, as well as during the six-month period that concluded on September 30, 2022, respectively.

Facts About the Company

  1. Manufacturer of electronic manufacturing services (EMS) for leading lighting, fan, and small/kitchen appliance manufacturers in India.

  2. EEL offers complete product solutions for electronics manufacturing services.

  3. The business distributed a 20% dividend in September 2022.

  4. Dixon Techno and Amber Enterprise are named as their peers by EEL in the offer document. 

  5. 2,935 permanent employees and 1,682 contract workers are currently employed in the corporation at manufacturing facilities as of Oct 31, 2022. 

Points to Note before Investing in the IPO


  • For the reporting periods, the company's top and bottom lines both showed a noticeable increase.

  • Low promoter holdings after the IPO are concerning.

  • Informed investors might think about depositing money for medium- to long-term gains.


Objectives of the IPO


Following are the objectives of the IPO- 


  1. The complete or partial return or prepayment of certain borrowings obtained by the Company.

  2. Financing capital expenditures for the enlargement and improvement of our current facilities in Verna (Goa), and Ghaziabad (Uttar Pradesh).

  3. Typical company objectives


Elin Electronics Limited IPO

Opening Date

Dec 20, 2022 

Closing Date

Dec 22, 2022

Issue type

Book Built Issue IPO

Face Value

₹5 per share

Issue Price

₹234  to ₹247 per share

Lot Size


IPO Price

₹475.00 Cr

Listing At


Allotment, Listing & Refund Details


Finalization of Basis of Allotment

Dec 27, 2022

Initiation of Refunds

Dec 28, 2022

Credit of Equity Shares

Dec 29, 2022

Listing Date

Dec 30, 2022


Also Check:  List of Upcoming IPOs in 2022


Know more: www.5paisa.com/ipo


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