Elin Electronics Limited
ListedMainboardElectrical & Electronics · NSE / BSE
Incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services (EMS) provider in India, offering end-to-end product solutions for major brands in lighting, fans, small/kitchen appliances, and fractional horsepower motors under OEM and ODM models. The company’s diverse portfolio includes LED lighting, fans, switches, irons, toasters, hand blenders, mixer grinders, and other electronic products. With three manufacturing facilities in Ghaziabad, Baddi, and Verna, and a centralized R&D center in Ghaziabad, Elin focuses on design, development, and testing. The company served 297–387 customers annually between FY2020–2022, generating revenues of Rs 7,855.84 million, Rs 8,623.78 million, and Rs 10,937.54 million, with Rs 6,044.57 million in the six months ending September 2022.
Price Band
₹234 – ₹247
Issue Size
₹475 Cr
Lot Size
60 shares
GMP
₹4
+1.6%
Est. Listing
₹251
at current GMP
Subscribed
3.09x
overall
Open
20 Dec 2022
Close
22 Dec 2022
Allotment
27 Dec 2022
Refund
28 Dec 2022
Demat Credit
29 Dec 2022
Listing
30 Dec 2022
Last updated 12 days ago
Live Grey Market Premium
Elin Electronics Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹4+1.6%
Issue Price (Upper)
₹247
Band: ₹234 – ₹247
Estimated Listing Price
₹251
Upper price + GMP
Lot Size
60 shares
Min investment ₹14,820
Estimated Profit / Lot
₹240
60 × ₹4
Elin Electronics Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹4
▲ 0 today
Updated less than a minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹4 | 1.6% | ₹251 |
| 30 Oct 2026 | +₹4 | 1.6% | ₹251 |
| 29 Oct 2026 | +₹4 | 1.5% | ₹251 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Elin Electronics Limited Public Issue & Market Profile
Elin Electronics Limited is bringing an initial public offering (IPO) in the Electrical & Electronics sector with an aggregate issue size of ₹475 Crores. The shares are offered at a price band of ₹234 to ₹247 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Pricing Context:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Basis of Allotment & Listing Timeline:
Following the close of bidding on 2022-12-22, the basis of allotment is scheduled to be finalized on 2022-12-27. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is Elin Electronics Limited IPO GMP today?
The latest grey market premium for Elin Electronics Limited IPO is ₹4, which indicates an expected listing price of ₹251.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.