Elin Electronics IPO subscription opens today: Check price band, allotment date, status check direct link, share price listing date and time NSE, BSE

Elin Electronics IPO subscription: The initial public offering (IPO) of electronics manufacturing services company Elin Electronics will open for public subscription from today, December 20. The subscription window will close on December 22.

Proceeds from the fresh issue will be used to repay debt, fund capital expenditure for upgradation and expansion of existing plants in Ghaziabad, Uttar Pradesh and Verna, Goa and for general corporate purposes.

Elin Electronic IPO Price Band

The company has fixed the price band at Rs 234 to Rs 247 per share. The company aims to raise Rs 475 crore from this public offer.

The IPO comprises fresh issue of shares aggregating up to Rs 175 crore and an offer-for-sale of up to Rs 300 crore by promoters and other selling shareholders.

The Elin Electronics IPO lot size is 60 shares. Retail-individual investors can apply for up to 13 lots, that is 780 shares worth Rs 192,660.

Elin Electronics allotment date and link

The tentative allotment date is December 27 and KFin Technologies Limited is the official registrar.

Elin Electronics Share Price Listing 

The company will be listed on NSE and BSE on December 30. 

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About Elin Electronics

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

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.

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, among others.

Axis Capital and JM Financial are the book running lead managers to the issue.

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