Elin Electronics IPO: Last day to subscribe

22 Dec 2022 , 11:55 AM

The initial public offer (IPO) of Elin Electronics, electronics manufacturing service company was fully subscribed by retail and non-institutional investors on day 2. The subscription of the issue will be closing on December 22. Click here to subscribe Elin Electronics IPO.

As of 11:45 am on day 3, the issue has been subscribed 1.11 times overall with retail category booked 1.52 times, NIIs 1.60 times, and QIBs bid 0.01 times, BSE data showed.

The company is selling its shares at Rs 234-247 apiece. The issue consists of a fresh issue of up to Rs 175 crore and an offer for sale (OFS) of up to Rs 300 crore aggregating up to Rs 475 crore.

Elin Electronics was incorporated in 1969 to provide 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.