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IPO

Elin Electronics Ltd.

The company is a leading electronics manufacturing services (“EMS”) manufacturer of end-to end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and are one of the largest fractional horsepower motors manufacturers in India.

RHP
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DRHP
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Open Date

2022-12-20

Close Date

2022-12-22

IPO Details

Check out the issue details for Elin Electronics Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 247

Price Band

₹ 234 - 247

Issue Size

475 Cr.

Issue Type

Book Built

Open

2022-12-20

Close

2022-12-22

Listingprice

₹ 244

ListingGain

-1.21%

Listing Date

2022-12-30

CMP

₹ 194.35

Current Return

-21.32%

Company Financials

You can get the following financial statements of Elin Electronics Ltd. as of now.

Subscription Details

The details about the Elin Electronics IPO is as:

  • The issue size of the IPO is 475 Cr.
  • The price band for Elin Electronics IPO is Rs 234 to Rs 247.
  • The shares of Elin Electronics IPO will list on 30th December 2022.
  • The latest tentative GMP of Elin Electronics IPO is Rs 0.
  • The shares of Elin Electronics IPO is subscribed 3.09 Times as of 22nd December 2022.

 

Elin Electronics IPO Valuation

The approx valuation of Elin Electronics IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 247
Existing Shares (Qty) 4.25 Cr
Fresh Issue 175 Cr
EPS (FY2) Rs 8.53
Industry PE 160.51x

 

Elin Electronics IPO Issue Size

Elin Electronics IPO issue size is 475 Cr 

Issue Amount
Fresh Issue 175 Cr
Offer For Sale 300 Cr

 

Elin Electronics IPO Market Lot

An Individual can apply for a minimum 1 lot of 60 shares and a maximum of 13 lots of 780 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 60 Rs 14,820
 Maximum 13 780 Rs 1,92,660

 

Elin Electronics IPO share offer

The shares of Elin Electronics IPO is subscribed 3.09 Times as of 22nd December 2022. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Maximum 50%
Non-Institutional Minimum 15%
Retail Individual Minimum 35%

 

Allotment Details

Find below the dates for Elin Electronics IPO:

Schedule Date
Basis of Allotment 27 December 2022
Refunds 28 December 2022
Credit to Demat Account 29 December 2022
IPO Listing Date 30 December 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 494.32 617.68 611.46 712.01 891.61
Total Expenditure 456.57 575.27 567.4 656.65 824.12
Operating Profit 37.76 42.41 44.06 55.36 67.49
Other Income 0.61 0.72 0.92 1.69 0.5
Interest 8.87 10.91 10.4 8.55 12.17
Depreciation 12.26 14.01 17.51 10.36 12.76
Exceptional Items 0 0 0 0 0
Profit Before Tax 17.23 18.21 17.07 38.14 43.06
Provision for Tax 4.11 3.46 4.02 10.24 11.22
Net Profit 13.12 14.75 13.05 27.9 31.83
Adjusted EPS (Rs.) 0.35 0.39 0.31 0.66 0.75

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 6.29 6.29 7.1 7.1 21.29
Total Reserves 125.08 139.82 155.86 197.22 216.45
Borrowings 31.91 39.05 39.02 36.94 33.08
Other N/C liabilities 0.55 0.05 0.75 7.28 8.72
Current liabilities 100.21 123.38 103.74 165.28 148.08
Total Liabilities 264.04 308.59 306.48 413.81 427.62
Assets
Net Block 84.46 99.24 112.78 136.19 160.74
Capital WIP 1.9 0.41 0.03 0.06 0.02
Intangible WIP 0 0 0 0 0
Investments 11.48 11.48 2.01 2 2
Loans & Advances 13.63 18.71 14.98 19.62 19.12
Other N/C Assets 0 0 0.01 0 0
Current Assets 152.58 178.74 176.67 255.95 245.75
Total Assets 264.04 308.59 306.48 413.81 427.62
* Other Non-current Liabilities include Net deferred Liabilities

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 32.93 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 17.23 18.21 17.07 38.14 43.06
Adjustment 20.25 24.13 32.14 17.56 24.49
Changes in Assets & Liabilities 9.75 -23.15 14.97 -75.74 16.18
Tax Paid -3.48 -3.78 -4.36 -5.8 -11.73
Operating Cash Flow 43.75 15.41 59.82 -25.84 72
Investing Cash Flow -29.78 -26.71 -32.22 -2.76 -35.85
Financing Cash Flow -5.1 2.86 -27.53 28.04 -34.16
Net Cash Flow 8.87 -8.44 0.07 -0.56 1.99
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