What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Elin Electronics Limited IPO?

Elin Electronics Limited IPO has received a total subscription of 3.09 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Elin Electronics Limited

ListedMainboard

Electrical & 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

3.09x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 3.09x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	9,615,385	—	0.00x
Non-Institutional (NII / HNI)	2,884,615	—	0.00x
Retail Individual (RII)	6,730,769	—	0.00x
Total	19,230,769	0	3.09x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 3.09x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	112,179	346,633	3.09x
HNIs (10L +)	718	2,219	3.09x
HNIs (2-10L)	3,434	10,611	3.09x
Total Applications	116,331	359,463	3.09x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Elin Electronics Limited IPO is ₹4 per equity share. Based on the upper price band of ₹234 to ₹247 per equity share, the estimated listing price is ₹251 (+1.6% expected listing gain).

What is the expected profit per lot for Elin Electronics Limited IPO?

With a lot size of 60 shares and current GMP of ₹4, the expected profit per application lot is approx ₹240 (+1.6% gain). Minimum application cost is approx ₹14,820.

What is the issue size and price band for Elin Electronics Limited IPO?

The Elin Electronics Limited IPO aggregate issue size is ₹475 Crores with an equity price band set at ₹234 to ₹247 per equity share. The retail lot size is 60 shares requiring a minimum capital outlay of approx. ₹14,820.

How can I check Elin Electronics Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 3.09x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Elin Electronics Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2022-12-27. Investors can verify status using PAN card or application number.

When is the listing date for Elin Electronics Limited IPO?

Elin Electronics Limited shares are scheduled to list on NSE and BSE on 2022-12-30.