Elin Electronics IPO GMP Today, Price Band & Full Details

Elin Electronics IPO is open for subscription with a GMP today of ₹2. Check Elin Electronics IPO GMP, Price, Subscription Status, Review, and more right here.

by Sahil_Jain Updated: 23 Dec, 2022, 10:51 IST
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Elin Electronics IPO issue is now open for all retail investors. The opening date for this IPO is the 20th of December and will close on the 22nd of December. The issue size is ₹475 crores out of which, the fresh issue is worth ₹175 crores, and the rest is an Offer For Sale by the previous shareholders. The GMP today of Elin Electronics IPO is ₹2. Today, we will discuss all the important metrics that you need to consider before making your investment decision for the Elin Electronics Initial Public Offer.

Elin Electronics IPO GMP Today, Price, Subscription Status & More

Elin Electronics IPO GMP Today: Rs 2 Grey Market Premium

The Elin Electronics IPO GMP today is Rs 2 (22 December). The same grey market premium can change in any direction based on the market sentiment. GMP is the abbreviation for Grey Market Premium, which shows the premium amount that investors might be willing to pay to get a company’s initial public offering.

A GMP of ₹2 indicates that this IPO has a great chance of failure upon its listing on the stock market. The main cause for the same can be the market sentiments that changed after the news about covid 19 cases increasing in China.

Elin Electronics Ltd IPO Price Band and Lot Size

Here are all the details of the Elin Electronics Initial Public Offering:

IPO Date

20 December - 22 December

Face Value per share

₹5

Price Band per share

₹234 - ₹247

Lot Size

60 shares

Fresh Issue

₹175 crores

Offer For Sale

₹300 crores

Total IPO Size

₹475 crores

P/E Ratio

29.69

Minimum Investment Amount

₹14,820

Maximum Investment Amount

₹1,92,660


These were just some basic things that all investors should know while researching a company or its IPO.

Elin Electronics IPO Subscription Status Today - 23 December

The Elin Electronics IPO is subscribed to 2.20 times its value in the retail category. For Non-Institutional Investors, the IPO subscription is of 3.29 times the issue value. Thus, the total subscription status of the Elin Electronics IPO is 3.09 times the total issue. 

This subscription status would keep changing according to time and we will make sure to update this article with the latest information.

Elin Electronics Ltd: About the Company, Work, Industry, Promoters & More

Elin Electronics Ltd introduces itself as an ISO 9001, ISO 14001 & IATF 16949 certified company. It is a flagship company of Elin Group, promoted by the “Sethia” family. Elin was established in 1969 at DELHI / NCR.

Elin offers various products and services to its OEM customers. Elin is a one-stop solution provider, offers Electronic Manufacturing Services, Universal Motors and Induction Motors, Design & Manufacturing of Tools/Moulds/Dies, Domestic Kitchen Appliances, Personal Care Products, Lighting Products & Automotive Components.

In simple words, Elin is a manufacturer that makes machines and mechanical parts for other companies that provide us with various machines and electronics.

For more information, do visit Elin Electronics.

Here’s a list of the promoters of the company:

Mangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia, and Vinay Kumar Sethia.

Elin Electronics Ltd IPO Review: Invest or Skip?

Now that the news of increasing covid cases has created a panic in the market, investors are being very cautious and thus it can be a difficult time to invest in this IPO. Ensure that you do not make any hasty choices.

Considering the current market conditions, many experts believe that the indices are overpriced and the market may correct them soon. Although the GMP of Elin Electronics is not bad, the fact that the previous shareholders are offering their shares for sale might be a bit concerning for many investors. Though, the company has been growing steadily and can be considered for investment in the mid/long run. But hey, never believe what anyone says without your proper research about a stock or IPO, you remember that, right? So make sure that you know every important thing about the company before applying for the Elin Electronics IPO.

How to Apply for an IPO (Initial Public Offer)?

The biggest problem for new investors is that they do not even know how to apply for an IPO. Don’t worry though, it’s extremely easy for anyone. You just need to open a Demat account with some leading stock brokers like Zerodha, 5Paisa, or Paytm Money.

Once you create a Demat account with these stock brokers, their mobile apps will guide you on how to easily apply for an IPO in the stock market. You can follow the same steps to apply for the Elin Electronics IPO.

This is everything you need to know about the Elin Electronics Ltd IPO, its GMP, and how to apply for it. Make sure you make the right investment decision without trusting others hastily. Feel free to ask any questions or make suggestions in the comments section below.

For more IPO and stock market-related information, offers, and discounts, make sure to check out our Finance and IPO groups. 

Last Updated: 23nd of December

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