Elin Electronics Ltd. IPO

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

Elin Electronics Ltd. 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

₹ 201.7

Current Return

-18.34%

Elin Electronics Ltd. News

Elin Electronics - Quaterly Results12 Nov, 1:37PM Elin Electronics - Quaterly Results12 Nov, 1:37PM Elin Electronics submits BRSR 9 Aug, 5:36PM Elin Electronics - Quaterly Results6 Aug, 1:54PM Elin Electronics - Quaterly Results6 Aug, 1:54PM Elin Electronics - Quaterly Results6 Aug, 1:54PM Elin Electronics informs about updates2 Jul, 2:35PM Elin Electronics informs about trading window closure26 Jun, 5:24PM Elin Electronics informs about investors meet 12 Jun, 5:26PM Elin Electronics - Quaterly Results30 May, 3:08PM Elin Electronics - Quaterly Results30 May, 3:08PM Elin Electronics informs about disclosure 18 Mar, 11:18AM Elin Electronics informs about disclosure15 Mar, 5:32PM Elin Electronics informs about disclosure15 Mar, 2:53PM Elin Electronics submits analyst meet intimation1 Mar, 5:12PM Elin Electronics informs about change in registered office address28 Feb, 4:53PM Elin Electronics - Quaterly Results13 Feb, 1:56PM Elin Electronics - Quaterly Results13 Feb, 1:56PM Elin Electronics - Quaterly Results13 Feb, 1:56PM Elin Electronics informs about disclosures20 Nov, 4:22PM

Company Financials

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

Company Name

Elin Electronics Ltd.

Exchange

NSE: ELIN BSE: 543725

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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%

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 611.46 712.01 891.61 867.06 835.2
Total Expenditure 567.4 656.65 824.12 812.3 799.65
Operating Profit 44.06 55.36 67.48 54.76 35.55
Other Income 0.92 1.69 0.5 2.18 9.02
Interest 10.4 8.55 12.17 12.81 7.73
Depreciation 17.51 10.36 12.76 16.45 18.65
Exceptional Items 0 0 0 0 0
Profit Before Tax 17.07 38.14 43.06 27.68 18.19
Provision for Tax 4.02 10.24 11.22 6.53 5.45
Net Profit 13.05 27.9 31.83 21.16 12.74
Adjusted EPS (Rs.) 0.31 0.66 0.75 0.43 0.26

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 7.1 7.1 21.29 24.83 24.83
Total Reserves 155.86 197.22 216.45 397.12 405.21
Borrowings 39.02 36.94 33.08 39.59 0
Other N/C liabilities 0.75 7.28 8.72 9.79 9.42
Current liabilities 103.74 165.28 148.08 149.36 103.74
Total Liabilities 306.48 413.81 427.62 620.7 543.2
Assets
Net Block 112.78 136.19 160.74 199.07 185.5
Capital WIP 0.03 0.06 0.02 0 11.94
Intangible WIP 0 0 0 0 0
Investments 2.01 2 2 2 3.4
Loans & Advances 14.98 18.93 19.12 5.81 6.18
Other N/C Assets 0.01 0.69 0 31.35 1.2
Current Assets 176.67 255.95 245.75 382.47 334.99
Total Assets 306.48 413.81 427.62 620.7 543.2
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 2.07 1.96 2.32 2.15 2.47
Profit Before Tax 5.34 3.73 3.75 6.75 4.87
Tax 1.92 1.06 1.22 1.84 1.22
Profit After Tax 3.42 2.67 2.53 4.92 3.64
Adjusted EPS (Rs) 0.69 0.54 0.51 0.99 0.73

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 33.41 0
Jun 2024 33.41 0
Mar 2024 33.41 0
Dec 2023 32.99 0
Sep 2023 32.97 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 17.07 38.14 43.06 27.68 18.19
Adjustment 32.14 17.56 24.49 27.23 18.51
Changes in Assets & Liabilities 14.97 -75.74 16.18 3.97 0.43
Tax Paid -4.36 -5.8 -11.73 -8.64 -3.21
Operating Cash Flow 59.82 -25.84 72 50.24 33.92
Investing Cash Flow -32.22 -2.76 -35.85 -188.48 42.53
Financing Cash Flow -27.53 28.04 -34.16 134.69 -76.62
Net Cash Flow 0.07 -0.56 1.99 -3.56 -0.17
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