Elin Electronics IPO subscribed 61% on day 2 so far

21 Dec 2022 , 02:14 PM

The initial public offer of Elin Electronics was open for subscription on December 20. The IPO is subscribed 61% overall by 01:25 PM. The issue has received bids for 85,98,540 shares against 1.42 crore shares on the offer. The company is issuing 60 shares in a lot at an issue price of Rs 234-247 per share. To subscribe in Elin Electronics IPO, click here.

As per BSE data, the IPO was received bids for 1% shares from QIB portion while 67% from NII. The retail portion of the IPO was booked 92% of the quota reserved. The company has reserved half of the offer is reserved for QIB, 15% for HNIs and the remaining 35% for retail investors.

The company has reduced the offer to 1.42 crore shares from 1.92 crore shares after receiving Rs 142 crore from anchor investors, on December 19, ahead of the IPO.