Elin Electronics Limited IPO
Elin Electronics Limited was a mainboard IPO in the Household Appliances sector, offered at ₹234–₹247 per share to raise ₹475 crore. The issue was subscribed 3.09× overall (QIBs 4.51×, NIIs 3.29×, retail 2.2×). It listed on 30 Dec 2022 at ₹244 and closed its first day at ₹228, a listing loss of -7.8% versus the ₹247 issue price. It now trades around ₹72 (-70.8% versus the issue price).
Frequently asked questions
- How many times was the Elin Electronics Limited IPO subscribed?
- The Elin Electronics Limited IPO was subscribed 3.09× overall — 4.51× in the QIB category, 3.29× among non-institutional investors, 2.2× in retail.
- What were the Elin Electronics Limited IPO listing gains?
- Elin Electronics Limited listed on 30 Dec 2022 at ₹244, closing its first day at ₹228 — a listing loss of -7.8% versus the ₹247 issue price.
- What were the retail allotment odds for the Elin Electronics Limited IPO?
- Retail was subscribed 2.2×, so a single-lot application had roughly a 45.5% chance of allotment (about 1 in 2), and allotment was finalised on 26 Dec 2022.
- What was the price band and lot size of the Elin Electronics Limited IPO?
- The price band was ₹234–₹247 per share, with a minimum lot of 60 shares (₹14,820 at the upper band).
- Who were the registrar and lead manager for the Elin Electronics Limited IPO?
- KFin Technologies Limited was the registrar, and Axis Capital was the book-running lead manager.