Constituted in 1969; Kolkata-based Elin electronics limited is one of the leading electronics manufacturing services (“EMS”) provider in the country. The company has in its hands in the manufacturing of Printed circuit boards, microelectronics, motors, sheet metal, and plastic components.
Elin electronics limited’s issue will open on 20th December for the public subscription until 22 December 2022. electronics manufacturing services provider has set its price band at Rs. 234-247 a share. At the top end of the price band, EV to EBITDA ratio is 14.39x. JM financial and Axis capital are the main managers for the issue.
The company reduced its public offering size from INR 760 crore to 760 crores. IPO comprises of fresh issue worth INR 175 crore and an offer for sale(OFS) of upto 300 crores. As per the IPO filings; proceeds from offering will be used to repay debt of Rs. 88 crore while Rs 37.59 crore will be used for capital expenditure to upgrade and expand manufacturing units at Ghaziabad in UP and Goa. As of September this year, the company had net debt of INR 102.42 crore and Elin electronics limited reported a revenue of INR 1093.75 crore in the fiscal year 2022.
Note:- EV/EBITDA is a ratio that compares a company’s Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA). The EV/EBITDA ratio is commonly used as a valuation metric to compare the relative value of different businesses.(corporatefinanceinstitute.com)
Constituted in 1969; Kolkata-based Elin electronics limited is one of the leading electronics manufacturing services (“EMS”) provider in the country. The company has in its hands in the manufacturing of Printed circuit boards, microelectronics, motors, sheet metal, and plastic components. It provides end-to-end product solutions like to major major lighting, fan, and kitchen appliance brands in the country. Elin electronics limited is also one of the largest fractional horsepower motors manufacturers in the country.
Elin electronics limited operated three manufacturing units which are strategically located in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh), and Verna (Goa) respectively. The company also operates a centralized research and development center in Ghaziabad (Uttar Pradesh).
