Elin Electronics IPO Assessment: Elin Electronics Restricted is arising with its Preliminary Public Providing. The IPO will open for subscription on December twentieth, 2022, and shut on December twenty second, 2022. It’s seeking to increase Rs. ₹475.00 Crores. On this article, we’ll have a look at the Elin Electronics IPO Assessment 2022 and analyze its strengths and weaknesses. Maintain studying to seek out out!
Elin Electronics IPO Assessment – About The Firm
Based in 1969, Elin Electronics Ltd. is a number one electronics manufacturing companies supplier. The corporate is India’s largest fractional horsepower motors producer in India. The corporate additionally provides end-to-end product options and supplies its manufacturing companies each as an authentic tools producer (OEM) and an authentic design producer (ODM).
It has 3 manufacturing amenities situated in Uttar Pradesh(Ghaziabad), Himachal Pradesh (Baddi), and Goa(Verna). In Ghaziabad, the corporate additionally has its centralized R&D heart. Right here they concentrate on the R&D of all features of OEM and ODM fashions together with idea sketching, design refinement, producing elective options, and testing.
Companies Offered by the corporate:
Elin Electronics Ltd has a diversified merchandise portfolio which incorporates:
● Lighting merchandise (LED), followers (ceiling, contemporary air, and TWP followers), modular switches, and sockets.
● Small home equipment like dry and steam irons, toasters, hand blenders, mixer grinders, hair dryers, and hair straighteners.
● Fractional Motors ( These are utilized in mixer grinder, hand blender, moist grinder, chimney, air conditioner, warmth convector, TPW followers and so on.)
Elin Electronics IPO Assessment – Monetary Highlights
If we have a look at the financials of Elin Electronics Ltd. we discover out that their property have grown from Rs. 397.73 crores in March 2019 to Rs. 532.61 crore in March 2022. Their revenues additionally observe an identical development regardless of struggling a drop in March 2020. Their revenues have grown at a CAGR of 5.7% from Rs. 829.74 crores in March 2019 to Rs. 1,094.67 crores in March 2022. Their income grew at a CAGR of 6.13% from Rs. 29.07 crores in March 2019 to Rs. 39.15 crore in March 2022. It’s also essential to notice that the corporate’s borrowing additionally elevated throughout this era from Rs. 86.64 crores to Rs. 102.33 crores.
Stability Sheet of the corporate
(Supply: DRHP of the corporate)
Revenue and loss Assertion of the corporate
(Supply: DRHP of the corporate)
Strengths
Following are the rivals of the corporate in every of its product verticals:
Small home equipment: Smile Electronics, PG Electroplast and Indic.
Fractional horsepower motors: Marathon and Amber (PICL).
LED lighting and flashlights: Dixon and RK Lighting.
Followers: Yash Electronics, Tiberwala and KKG Industries.
Sheet metallic: JBM Auto, Panse Auto, Autoline Stamping, SM Auto and Delco Industries.
Plastic moulding: Varroc Engineering, Plastic Opium, Motherson Sumi, Magna Styr, Prakash Plastics, Affy India, SSI Moulds, BDI Group, Multitek, and Ashuman Auto.
The corporate is the main electronics manufacturing companies (“EMS”) producer of end-to-end product options for India’s prime manufacturers of lighting, followers, and small/ kitchen home equipment.
The corporate has diversified merchandise, product verticals, and buyer base which permits the corporate to steadiness out any impression or threat incurred with respect to any single product, product vertical, or buyer.
The corporate has a longtime buyer base with well-known home and multi-national clients which embrace Philips, Bosch, and Panasonic
Excessive ranges of backward integration result in larger efficiencies, enhanced high quality of merchandise, and buyer retention functionality
The corporate has been in a position to keep a constant and robust monitor document of economic efficiency
Weaknesses
A considerable portion of firms income is generated from a few of its key clients, any loss within the relationship with these clients can have an antagonistic impact on the revenues of the corporate.
The corporate’s operations could fluctuate every now and then because of seasonality which may have an effect on its monetary efficiency.
The corporate employs contract labor to hold out sure capabilities of its enterprise operations. Any failure by the businesses to make funds to the laborers may disrupt enterprise operations.
As the corporate buys its uncooked supplies on a purchase order order foundation, any discrepancies referring to uncooked supplies can impression the operations of the enterprise.
The corporate’s funds could be negatively impacted by any defaults or cost delays made by a good portion of its shoppers.
Elin Electronics IPO Assessment – Key IPO Data
ParticularsDetails
IPO Dimension₹475.00 Cr
Recent Difficulty₹175.00 Cr
Supply for Sale (OFS)₹300.00 Cr
Opening dateDec 20, 2022
Closing dateDec 22, 2022
Face Worth₹5 per share
Value Band₹234 to ₹247 per share
Lot Size60 Shares
Minimal Lot Size1 (60 Shares)
Most Lot Size13 (780 Shares)
Itemizing DateDec 30, 2022
Promoters: Mangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia And Vinay Kumar Sethia
E book Working Lead Supervisor: Axis Capital Restricted, JM Monetary Restricted
Registrar to the Supply: KFin Applied sciences Restricted
The Goal of the Difficulty
The online proceeds from this subject can be utilized for the next functions:
Reimbursement/ prepayment of sure borrowings availed by the corporate in full or partly
Financing capital expenditure for upgrading and increasing the corporate’s current amenities at (i) Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa
Common company functions
In Closing
On this article, we regarded on the particulars of Elin Electronics IPO Assessment 2022. Analysts stay divided on the IPO and its potential positive aspects. It is a good alternative for buyers to look into the corporate and analyze its strengths and weaknesses. That’s it for this submit.
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