Elin Electronics IPO: Key Dates, Price Band, Size 2022

Why Elin Electronics keeps showing up in IPO searches

Elin Electronics is a listed main-board company whose IPO details are still widely referenced by investors tracking issue structures, allotment timelines, and post-listing performance. The information available highlights a book-built issue that opened in December 2022, along with granular data such as lot sizes, category allocations, and anchor investor participation. Alongside the IPO facts, the provided market data also includes later trading snapshots, including a price point recorded on 15 April 2026.

IPO size and structure: ₹475 crore split between fresh issue and OFS

Elin Electronics IPO was a book-build issue of ₹475.00 crore. It combined a fresh issue of 0.71 crore shares aggregating to ₹175.00 crore and an offer for sale (OFS) of 1.21 crore shares aggregating to ₹300.00 crore. The total issue size was stated as 1,92,30,746 shares (aggregating up to ₹475 crore). The face value per share was ₹5.

This structure matters because fresh issue proceeds typically go to the company, while OFS proceeds go to selling shareholders. The text also notes that the promoters and current stockholders participated in the OFS. Merchant bankers mentioned include Axis Capital and JM Financial, and the registrar is Kfin Technologies Ltd.

Key dates: subscription window, allotment, and listing

The IPO bidding started on 20 December 2022 and ended on 22 December 2022. The basis of allotment was finalised on 27 December 2022. Shares were credited to demat accounts by 29 December 2022, and the stock listed on BSE and NSE on 30 December 2022.

The data also mentions refund initiation on 28 December 2022. In addition, the Draft Red Herring Prospectus (DRHP) filing date is cited as 17 November 2021.

Price band, issue price, and application lot size

The price band for the IPO was ₹234 to ₹247 per share, with the issue price stated as ₹247 per share. The lot size for one application was 60 shares.

For retail applicants, the minimum investment at the upper price was ₹14,820 for 60 shares. The retail maximum shown was 13 lots (780 shares) amounting to ₹1,92,660. For non-institutional investors, the sNII minimum was 14 lots (840 shares) amounting to ₹2,07,480, and the bNII minimum was 68 lots (4,080 shares) amounting to ₹10,07,760.

Category allocation and subscription figures shown

The IPO offered 1,92,30,746 shares in total. The allocation details in the text include 96,15,372 shares (50.00%) to QIB, 67,30,762 shares (35.00%) to retail (RII), and 28,84,612 shares (15.00%) to NII. The text also separately references QIB (Ex-Anchor) and anchor allocations.

Subscription data points in the text include an overall subscription figure of 3.09 times as of 22 December 2022. A “live” category-wise snapshot lists QIB at 4.51, NII at 3.29, and RII at 2.20 (with another line showing QIB 4.24 and NII 3.26).

Anchor investors: ₹142.50 crore raised before opening

Elin Electronics raised ₹142.50 crore from anchor investors. The anchor bid date was 19 December 2022, with shares offered in the anchor portion shown as 57,69,223.

A lock-in detail is also provided: the lock-in period end date for 50% shares (30 days) was Thursday, 26 January 2023.

Listing references: more than one listing price appears

The text contains multiple listing-related figures. One line states the IPO listed at ₹227.80 against the offer price of ₹247.00. Another section shows “Listed Price ₹244” and “Listing Gain -1.21%”. Both values appear in the provided data, so readers should treat them as separate reported data points rather than a single reconciled number.

Stock snapshots after listing: what the data shows

A later market snapshot includes price and trading statistics as on 15 April 2026 at 04:01. It shows a price of ₹120.65, up ₹5.04 (4.36%). The day range is shown as ₹116.00 to ₹122.77, with open ₹117.80 and previous close ₹115.29.

The same snapshot lists volume of 219,579 and value of ₹265.89 lakh, with VWAP at ₹120.40. It also shows market cap as ₹602 crore, 52-week high ₹234.00, and 52-week low ₹93.65, with an all-time high of ₹282.00.

Separately, another data panel lists traded volume 2.08 lakh, traded value ₹4.68 crore, and total market cap ₹1,114.35 crore, along with adjusted P/E 34.03 and a 52-week high of ₹259.97 (18-Sep-2024) and 52-week low of ₹108.21 (03-Mar-2025).

Key facts at a glance

Market impact: what investors can take from the numbers

The issue structure shows that a significant part of the offering was OFS (₹300 crore), which is relevant when investors assess how much capital the company itself received. The presence of an anchor tranche of ₹142.50 crore indicates institutional participation before the public window opened. Category-wise subscription figures, such as QIB subscriptions above 4 times in the provided snapshot, suggest strong institutional demand during the offer period.

On the secondary market side, the later price snapshots show the stock trading far below the IPO offer price of ₹247 in at least one cited “current market price” reference (₹206.96) and the April 2026 snapshot (₹120.65). At the same time, the data also records periods where the stock touched higher 52-week levels, including ₹259.97 (18-Sep-2024) in one panel and ₹234.00 in another.

Conclusion

Elin Electronics’ IPO in December 2022 was a ₹475 crore book-built issue priced at ₹247, with a 60-share lot and a split between ₹175 crore fresh issue and ₹300 crore OFS. The dataset also provides later trading snapshots and volatility markers that investors often use to contextualise post-listing performance. For investors tracking the stock today, the most useful next step is to rely on exchange-reported live prices while using the IPO timeline and allocations as reference points for the original issuance.