Elin Electronics debuts flat at 1% discount on D-Street

30 Dec 2022 , 09:57 AM

The seventh listing of the month, Elin Electronics made debut on the stock market at a discount of 1.21% over the issue price of Rs 247 apiece. The company listed at Rs 244 on NSE and at Rs 243 on BSE on December 30.

The stock of Elin Electronics Limited has listed and admitted to dealings on the Exchange in the list of ‘B’ group of securities. 

The issue was open for subscription last week and was subscribed 4.5 times by qualified institutional investors, whereas quota for non-institutional investors was subscribed 3.3 times. The allocation for retail investors fetched 2.2 times bids.

Elin Electronics is a leading electronics manufacturing services provider incorporated in 1969. The company manufactures lighting, fans, and kitchen appliances in India for major brands.