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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Elin Electronics Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹247
Per ShareLot Size
60 Shares
Minimum Investment
₹14,820
Issue Size
₹475 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
0%
QIB Quota
0%
NII Quota
0%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE050401020
Elin Electronics Limited 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. The Company manufactures and assemble a wide array of products and provide end-to-end product solutions. Its product portfolio includes LED lighting, fans and switches; small appliances; fractional horsepower motors; medical diagnostic cartridges; plastic moulded and sheet metal parts and components; and other miscellaneous products such as terminal block, stainless steel blade, die casting and radio sets.
The total addressable EMS market in India was valued at Rs. 2,654 billion (USD 36 billion) in Fiscal 2021, and is expected to grow to Rs. 9,963 billion (USD 135 billion) in Fiscal 2026 with a CAGR of 30.3%. However, the contribution of Indian EMS companies is around 40%, which is valued at Rs. 1,069 billion (USD 14 billion) in Fiscal 2021, which is expected to grow at 41.1% CAGR to reach Rs. 5,978 billion (USD 81 billion) in Fiscal 2026. Contribution of EMS companies for goods made in India grew at CAGR of 22.7% from Rs. 384 billion in Fiscal 2016 to Rs. 1,069 billion in Fiscal 2021. The expansion of India's EMS industry is fuelled by a variety of factors, including an increase in consumer electronics and appliances consumption as well as lighting segment. Other significant reasons driving the growth are raising labour costs in other parts of the world and a trend among large OEMs to outsource manufacturing rather than invest in their own infrastructure. Due to the size, complexity, and high level of competition in the Indian market, OEMs are focusing more on marketing and aftermarket activities, leaving the production to contract manufacturers. EMS companies are better positioned to adapt to frequent technology changes, and economies of scale allow for stringer pricing negotiations with raw material suppliers. We continue to compete with international and domestic manufacturers engaged in the manufacture and supply of lighting products, small appliances and fractional horsepower motors as well as from players in the unorganized sector. Set forth below are our key competitors in each of our product verticals: a) Small appliances: Smile Electronics, PG Electroplast and Indic. b) Fractional horsepower motors: Marathon and Amber (PICL). c) LED lighting and flashlights: Dixon and RK Lighting. d) Fans: Yash Electronics, Tiberwala and KKG Industries. e) Sheet metal: JBM Auto, Panse Auto, Autoline Stamping, SM Auto and Delco Industries. f) Plastic moulding: Varroc Engineering, Plastic Opium, Motherson Sumi, Magna Styr, Prakash Plastics, Affy India, SSI Moulds, BDI Group, Multitek and Ashuman Auto.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial Public Offering of 19,230,746^ equity shares of face value of Rs. 5 each ("equity shares") of the company for cash at a price of Rs. 247 per equity share (including a share premium of Rs. 242 per equity share) ("offer price") aggregating to Rs. 475 Crores (the "offer") comprising a fresh issue of 7,085,020^ equity shares aggregating to Rs. 175 Crores by the company (the "fresh issue") and an offer for sale of 12,145,726^ equity shares aggregating to Rs. 300 Crores, comprising 695,627^ equity shares by Kamal Sethia aggregating to Rs. 17.18 Crores, 1,137,165^ equity shares by Kishore Sethia aggregating to Rs. 28.09 Crores, 1,027,368^ equity Shares by Gaurav Sethia aggregating to Rs. 25.38 Crores, 269,716^ equity shares by Sumit Sethia aggregating to Rs. 6.66 Crores, 1,235,465^ equity shares by Suman Sethia aggregating to Rs. 30.52 Crores, 337,246^ equity shares by Vasudha Sethia aggregating to Rs. 8.33 Crores, 200,850^ equity shares by Vinay Kumar Sethia aggregating to Rs. 4.96 Crores (the "promoter selling shareholders") and 7,242,289^ equity shares aggregating to Rs. 178.88 Crores (the "other selling shareholders" as defined below) (the promoter selling shareholders and the other selling shareholders collectively, the "selling shareholders", and such equity shares offered by the selling shareholders, the ôoffered sharesö) (such offer for sale by the selling shareholders, The "offer for sale" and together with the fresh issue, "the offer"). ^ subject to finalisation of the basis of allotment. The face value of equity shares is Rs. 5 each. The offer price is 49.40 times the face value of the equity shares.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Elin Electronics Limited ("Company" or "Issuer") was originally incorporated on March 26, 1982 at Kolkata, West Bengal as a private limited company under the Companies Act, 1956, with the name `Elin Electronics Private Limited' pursuant to a certificate of incorporation granted by the Registrar of the Companies, West Bengal at Kolkata ("RoC"). Subsequently, the name of the Company was changed to `Elin Electronics Limited' upon conversion of the Company into a public company pursuant to a special resolution passed by its shareholders on July 27, 1987 and the certificate of incorporation was amended by the RoC consequent upon change of name on conversion to public limited company on November 22, 1987.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.