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15 Days Price Change

Elin Electronics IPO

Closing In

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Issue Size --
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Price Range 234  to  247 per share
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Min Investment ₹247
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Lot Size 1
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Face Value ₹5
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Elin Electronics Limited specializes in the design, development, and manufacturing of power electronics and control systems. The company was founded in 1969 and has since grown to become a leading supplier of electrical equipment and solutions in India, with a global presence in over 50 countries. The company 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 and Manufacturing of Tools/Moulds/Dies, Domestic Kitchen Appliances, Personal Care Products, Lighting Products and Automotive Components Elin Electronics Limited has a strong focus on research and development and invests heavily in advanced technologies and innovation to deliver high-quality products that meet the needs of their customers. The company has a state-of-the-art manufacturing facility that is equipped with the latest machinery and processes to ensure precision engineering and consistent quality. Read More

Basic Info

Face Value 5 per share

Price 234  to  247 per share

P/E (x) 40.5

Sales( Cr.) 1180

PAT( Cr.) 29

EPS 6.1

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Mangi Lall Sethia Kamal Sethia Kishore Sethia Gaurav Sethia

Pre Issue Share Holding 100%

Post Issue Share Holding 47.97%

Listing Details:

Listing Price: 243

Listing Gain: -1.65%

Current Price: 121.1

Gain On Issue: 121.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 20, 2022
Closing Date Dec 22, 2022
Allotment Dec 23, 2022
Refund Dec 26, 2022
Delivery of Shares Dec 26, 2022
Listing Date Dec 27, 2022

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 60 14,820
Retail (Max) 13 780 192,660
S-HNI (Min) 14 840 207,480
S-HNI (Max) 67 4020 992,940
B-HNI (Min) 68 4080 1,007,760

Objective of the Issue

1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company. 2. Funding capital expenditure towards upgrading and expanding the existing facilities at (i) Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa. 3. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 475000000 2142250000 4.5x
NII 142500000 468825000 3.3x
Retail 332500000 731500000 2.2x
EMP 0 0 0x
Total 950000000 2935500000 3.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Elin Electronics Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 475 438 494 618 786 862 1094 1075 1042 1180
Other Income 1 1 1 1 1 3 1 2 9 18
Total Income 476 439 495 618 787 865 1095 1078 1051 1199
Total Expenditure 436 403 457 575 730 796 1015 1010 1001 1128
Operating Profit 41 37 38 43 56 69 80 67 50 71
Interest 9 9 9 11 12 10 13 13 8 8
Depreciation 9 11 12 14 20 12 14 19 22 25
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 23 16 17 18 24 47 53 36 20 39
Provision for Tax 5 4 4 3 6 13 14 9 6 9
Profit After Tax 18 13 13 15 19 35 39 27 14 29
Adjustments 2 2 2 3 0 0 0 0 0 0
Profit After Adjustments 20 14 15 18 19 35 39 27 14 29
Adjusted Earnings Per Share 5.2 3.7 4.1 4.7 4.6 8.5 9.6 5.6 2.9 6

Elin Electronics Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 116 130 145 163 209 262 303 493 503 534
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 25 31 32 39 40 37 34 40 0 0
Other Non-Current Liabilities -0 0 1 0 1 9 10 12 12 14
Total Current Liabilities 89 74 112 136 126 200 185 190 154 186
Total Liabilities 229 235 289 337 376 508 533 734 669 734
Fixed Assets 66 79 84 99 134 161 188 232 224 246
Other Non-Current Assets 27 26 41 47 17 21 23 41 22 12
Total Current Assets 136 130 164 191 225 326 322 461 423 476
Total Assets 229 235 289 337 376 508 533 734 669 734

Elin Electronics Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 3 2 11 3 9 5 4 0 0
Cash Flow from Operating Activities 17 36 44 15 83 -34 57 62 43 17
Cash Flow from Investing Activities -27 -23 -30 -27 -43 -5 -28 -197 36 -21
Cash Flow from Financing Activities 10 -14 -5 3 -33 34 -30 131 -79 4
Net Cash Inflow / Outflow 0 -1 9 -8 6 -4 -1 -4 -0 -0
Closing Cash & Cash Equivalent 3 2 11 2 9 5 4 0 0 0

Elin Electronics Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.25 3.72 4.06 4.68 4.55 8.53 9.59 5.59 2.89 6.02
CEPS(Rs) 7.03 6.28 6.73 7.62 9.51 11.43 13.11 9.48 7.45 11.07
DPS(Rs) 0 0 0 0 0 0 1 1 0 0
Book NAV/Share(Rs) 30.63 34.35 38.41 43.09 51.13 64.22 74.22 102.89 104.97 109.64
Core EBITDA Margin(%) 7.5 7.26 7.44 6.87 7.05 7.71 7.22 6.05 3.89 4.44
EBIT Margin(%) 6.08 5.2 5.15 4.72 4.6 6.63 6 4.53 2.67 3.91
Pre Tax Margin(%) 4.32 3.36 3.4 2.95 3.11 5.51 4.83 3.32 1.89 3.26
PAT Margin (%) 3.37 2.57 2.59 2.39 2.37 4.04 3.58 2.49 1.33 2.48
Cash Profit Margin (%) 5.05 4.86 5.01 4.65 4.95 5.41 4.89 4.22 3.43 4.57
ROA(%) 7.72 5.4 5.01 4.71 5.21 7.88 7.53 4.23 1.98 4.18
ROE(%) 15.31 10.21 9.56 9.59 10.01 14.8 13.86 6.73 2.79 5.65
ROCE(%) 17.29 13.67 13.3 13.06 13.94 17.46 16.78 9.99 5.09 8.5
Receivable days 55.54 58.96 57.78 55.86 45.82 57.89 60.07 63.6 69.53 65.87
Inventory Days 30.55 31.93 33.87 34.84 33.72 41.24 39.16 41.26 40.99 36.87
Payable days 37.33 44.05 52.57 54.77 46.42 50.46 45.6 51.8 55.75 48.61
PER(x) 0 0 0 0 0 0 0 21.59 45.94 19.74
Price/Book(x) 0 0 0 0 0 0 0 1.17 1.27 1.08
Dividend Yield(%) 0 0 0 0 0 0 0 0.83 0 0
EV/Net Sales(x) 0.15 0.14 0.12 0.13 0.08 0.13 0.11 0.52 0.63 0.49
EV/Core EBITDA(x) 1.78 1.67 1.49 1.87 1.18 1.67 1.47 8.27 13.2 8.15
Net Sales Growth(%) 0 -7.79 12.83 24.95 27.18 9.78 26.83 -1.68 -3.13 13.29
EBIT Growth(%) 0 -20.66 2.9 11.58 23.99 58.31 14.71 -25.64 -42.99 65.83
PAT Growth(%) 0 -29.29 4.82 12.41 26.02 87.57 12.41 -31.59 -48.24 111.35
EPS Growth(%) 0 -29.13 9.22 15.3 -2.82 87.57 12.41 -41.71 -48.24 107.97
Debt/Equity(x) 0.6 0.44 0.42 0.47 0.34 0.43 0.34 0.16 0.04 0.05
Current Ratio(x) 1.53 1.75 1.47 1.41 1.78 1.63 1.74 2.43 2.74 2.56
Quick Ratio(x) 1.04 1.19 1 0.93 1.15 1.05 1.09 1.78 2.03 1.87
Interest Cover(x) 3.45 2.83 2.94 2.67 3.1 5.91 5.16 3.73 3.43 6.08
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0.13 0.03 0.05

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 3% 8% 0%
Operating Profit CAGR 42% -4% 5% 0%
PAT CAGR 107% -9% 9% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% -3% NA% NA%
ROE Average 6% 5% 9% 10%
ROCE Average 9% 8% 12% 13%

Company Contact Information

Elin Electronics Ltd.

4771 Bharat Ram Road 23 Darya Ganj

IPO Lead Manager(s)

Elin Electronics Ltd.

Axis Capital Ltd.

JM Financial Ltd.

Registrar Info

Elin Electronics Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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