Elin Electronics Share Price Listing NSE, BSE: Shares fall over 5% after negative stock market debut | Check stop loss by Anil Singhvi

Elin Electronics Share Price Cracks 5%

Shares of Elin Electronics cracked more than 5 per cent after negative listing. At 11 AM, the counter quoted Rs 233 apiece on BSE, down by more than 5 per cent. 

Elin Electronics IPO Listing 

Elin Electronics Share Price Listing BSE

Shares of Elin Electronics made debut on NSE at Rs 243, down by more than 1.50 per cent from the issue price of Rs 247.

Elin Electronics Share Price Listing NSE

Shares of Elin Electronics made debut on NSE at Rs 244, down by more than 1 per cent from the issue price of Rs 247.

Elin Electronics IPO: Rs 142 crore raised through anchor investors

The anchor investors in Elin Electronics were allocated 57.69 lakh equity shares in aggregate at Rs 247 per share, at upper end of the price band in consultation with book running managers - Axis Capital and JM Financial. The company said in a BSE filing it has mobilised a total of Rs 142.5 crore through anchor investors.

Elin Electronics IPO Price

The Rs 475 crore IPO was revised from earlier Rs 760 crore. It comprised of fresh issue of Rs 175 crore as well as an offer for sale (OFS) of not more than Rs 300 crore.

Elin Electronics IPO review by Anil Singhvi

Zee Business Managing Editor Anil Singhvi has recommended to subscribe Elin Electronics' IPO to risk bearing investors for long term. He said that if the shares list at lower level, then it would be a good buy.

Singhvi said that the electronic company has experienced promoters and are in business for a long time. He further said that the revenue of the company has grown almost 33 per cent YoY in the past five years. READ FULL STORY

Elin Electronics IPO

The category meant for Qualified Institutional Buyers (QIBs) was subscribed 4.51 times, non-institutional investors received 3.29 times subscription and Retail Individual Investors (RIIs) 2.20 times. The IPO had a fresh issue of up to Rs 175 crore and an offer for sale of up to Rs 300 crore, aggregating up to Rs 475 crore.

Elin Electronics IPO subscription

The Initial Public Offer (IPO) of electronics manufacturing services company Elin Electronics was subscribed 3.09 times. The initial share-sale received bids for 4,39,67,400 shares against 1,42,09,386 shares on offer. READ MORE

About Elin Electronics Limited 

Elin Electronics Limited is a Delhi-based Elin is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances, and a leading fractional horsepower motors manufacturer in the country.

Elin Electronics Share Stop Loss

Anil Singhvi said that short term investors should keep a stop loss at Rs 235. For long term investors, Singhvi suggested to Hold.

Elin Electronics Share Price Listing

According to Zee Business Managing Editor Anil Singhvi, shares of Elin Electronics will list around the issue price of Rs 247.

Elin Electronics Share Listing Date, Time

Shares of Elin Electronics will list on NSE and BSE today, December 30. The listing will take place at 10 AM.