Elin Electronics is an electronics manufacturing services i.e. EMS sector player. It manufactures lighting, fans, small/kitchen appliances, etc., for leading brands in the country. Elin manufactures as well as assembles an extensive range of products.
Another debutant Elin Electronics disappointed the investors and made a weak debut on the bourses and its shares listed 2% discount i.e. Rs. 243 against the issue price of Rs. 247 on the BSE on BSE while it started trading at Rs. 244 on NSE.
Brokerage firm Prabhudas Lilladher Advisory Team said in an IPO note that, “ One can subscribe to IPO for long term as Elin is a leading electronics manufacturing services (EMS) manufacturer of end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India.
In addition, they are one of the key players in LED lighting and flashlight with an EMS market share of approximately 7 percent in FY2021 and is also one of the key players in the small appliances vertical with an EMS market share of 10.7 percent in FY2021. The company has a varied product diversification with a strong customer base including Phillips, Bosch, Usha, Panasonic, and such.”
