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Elin Electronics Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Elin Electronics Ltd IPO

Registered Office: 143 Cotton Street, , Kolkata - 700007 , West Bengal , India.
Phone : 91-033-22684329   Fax:
Email :  cs@elinindia.com  
Website :  www.elinindia.com
Initial Public Offering of 19,230,746^ equity shares of face value of (Rs)5 each ("equity shares") of the company for cash at a price of (Rs)247 per equity share (including a share premium of (Rs)242 per equity share) ("offer price") aggregating to (Rs)475 Crores (the "offer") comprising a fresh issue of 7,085,020^ equity shares aggregating to (Rs)175 Crores by the company (the "fresh issue") and an offer for sale of 12,145,726^ equity shares aggregating to (Rs)300 Crores, comprising 695,627^ equity shares by Kamal Sethia aggregating to (Rs)17.18 Crores, 1,137,165^ equity shares by Kishore Sethia aggregating to (Rs)28.09 Crores, 1,027,368^ equity Shares by Gaurav Sethia aggregating to (Rs)25.38 Crores, 269,716^ equity shares by Sumit Sethia aggregating to (Rs)6.66 Crores, 1,235,465^ equity shares by Suman Sethia aggregating to (Rs)30.52 Crores, 337,246^ equity shares by Vasudha Sethia aggregating to (Rs)8.33 Crores, 200,850^ equity shares by Vinay Kumar Sethia aggregating to (Rs)4.96 Crores (the "promoter selling shareholders") and 7,242,289^ equity shares aggregating to (Rs)178.88 Crores (the "other selling shareholders" as defined below) (the promoter selling shareholders and the other selling shareholders collectively, the "selling shareholders", and such equity shares offered by the selling shareholders, the ôoffered sharesö) (such offer for sale by the selling shareholders, The "offer for sale" and together with the fresh issue, "the offer"). ^ subject to finalisation of the basis of allotment. The face value of equity shares is (Rs)5 each. The offer price is 49.40 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
20-Dec-22 22-Dec-22 (Rs)247.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :60  Further Multiples of :60

  (Rs Cr) Lead Managers to the Issue
Project Cost 164.61
Axis Captal Ltd
Project Financed through Current Offer 475.00  
Post Issue Equity Share Capital 24.83  
Issue Price (Rs)247.00  
 
Projects
Repayment/Prepayment, in full or part of Certain Borrowings Availed of by the CompanyGeneral Corporate Purposes
Funding Capital Expenditure Towards Upgrading & Expanding the Existing Facilities at 1. Ghazibad, Uttar Pradesh, and 2. Verna,Goa
Promoted By
Mangi Lall Sethia  
Kamal Sethia  
Kishore Sethia  
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd