Elin Electronics IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Elin Electronics

CMP

153.75

-0.20 (-0.13%)

₹247

Offer Price

₹ 475.00 Cr

Issue Size

₹ 14,820

Min Investment

3.09x

Times Subscribed

60

Lot size

Time Line

  • 20
    Dec 2022
    Open
  • 22
    Dec 2022
    Close
  • 27
    Dec 2022
    Finalisation of Basis of Allotment
  • 28
    Dec 2022
    Initiation of Refunds
  • 29
    Dec 2022
    Transfer of Shares to Demat Account
  • 30
    Dec 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Enhance customer base and relationships through cross-selling and product development

  • Expand ODM share of the business

  • Augmenting its R&D capabilities

  • Expanding operations in medical diagnostics cartridges and manufacturing facilities

  • Focus on one-stop-shop facility with increased degree of backward integration

Products & Services

  • 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.

  • The Company is one of the largest fractional horsepower motors manufacturers in India.

Strengths

  • Established market position in key verticals including leadership in fractional horsepower motors;

  • Diversified products resulting in a de-risked business model;

  • Entrenched relationships with a marquee customer base;

  • High degree of backward integration resulting in higher efficiencies, enhanced quality of products and customer retention capability;

  • Consistent and strong track record of financial performance.

Risks

  • The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.

  • The COVID-19 pandemic, or a similar public health threat, could adversely affect its business, financial condition and results of operations.

  • The company do not obtain firm and long-term volume purchase commitments from its customers. If its customers choose not to renew their agreements with it or continue to place orders with it, the company business and results of operations will be adversely affected.

  • Its manufacturing facilities are critical to its business. Any disruption in the continuous operations of its manufacturing facilities would have a material adverse effect on its business, results of operations and financial condition.

  • Its business and results of operations are dependent on the contracts that the company enter into. Any breach of the conditions under these contracts may adversely affect its business and results of operations.

Financials

All values in Cr

Mar-2023 Mar-2022 Mar-2023 3-Yr trend
Revenue 1,075.43 (-1.70%) 12.93 (-) 6.73 (-48.00%)
Gross Profit 1,075.43 (-1.70%) 12.93 (-) 6.73 (-48.00%)
Net Income 1,075.43 (-1.70%) 12.93 (-) 6.73 (-48.00%)
Assets 1,075.43 (-1.70%) 12.93 (-) 6.73 (-48.00%)
Liabilities 1,075.43 (-1.70%) 12.93 (-) 6.73 (-48.00%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Elin Electronics Ltd 1,093.75 39.18 406.55 103.46 12.92 9.59 74.21 2.53 0.25
Dixon Technologies (India) Ltd 10,697.08 190.17 4,277.17 4,277.17 19.07 32.00 168.04 4.44 0.46
Amber Enterprises India Ltd 4,206.40 109.19 4,912.46 4,912.46 6.29 32.41 526.17 2.22 0.59

Book Running Managers

  • Axis Captal Ltd
  • JM Financial Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

143 Cotton Street,
,
Kolkata - 700007
Phone : 91-033-22684329 Email : cs@elinindia.com www.elinindia.com

Offer Related Information

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^... More

News

  • 23 Dec 2022, 18:30 PM

    Elin Electronics IPO ends with strong subscription

  • 22 Dec 2022, 17:37 PM

    Elin Electronics IPO subscribed 3.09 times

  • 21 Dec 2022, 17:16 PM

    Elin Electronics IPO subscribed 95%

  • 20 Dec 2022, 17:22 PM

    Elin Electronics IPO subscribed 37%

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