20 Dec 2022
22 Dec 2022
Rs. 475.00 Cr
30 Dec 2022
₹234 to ₹247 per share
The company is a leading electronics manufacturing services (EMS) provider of end-to-end product solutions and is one of the largest fractional horsepower motors manufacturers in India.
The net proceeds from the issue will be used for: 1) The firm will use Rs.80 crores to repay debt and Rs.48.97 crore to upgrade and expand its existing facilities at Ghaziabad, Uttar Pradesh and Verna, Goa. 2) The net debt stands at Rs.127.51 crore.
The Elin Electronics IPO lot size is 60 shares. A retail-individual investor can apply for up to 13 lots (780 shares or ₹192,660).
Elin Electronics is promoted by Mangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia and Vinay Kumar Sethia.
The allotment date of Elin Electronics IPO is set for 27th December.
Axis Capital and JM Financialare the book running lead managers to the issue.