Elin Electronics’ initial public offering is open for bidding today. Investors wishing to subscribe to the IPO can check the latest GMP, allocation date, subscription details and more here.
Do you want to subscribe to the Elin Electronics Initial Public Offering (IPO)? If yes, you must do so today as Monday is the last day of the bidding process. Elin Electronics IPO opened for subscription on December 20 and will close after 3 days on December 22. On the second day of subscription, the public broadcast was subscribed 95 times. According to market watchers, Elin Electronics shares carry a premium (GMP) of Rs. 22 on the gray market today, according to a Live Mint report.
Elin Electronics IPO: Underwriting Details
Elin Electronics IPO consists of a new issue of up to Rs. 175 crores and an Offer to Sell (OFS) of up to Rs. 300 crores, adding up to Rs. 475 crores. The price range set for the initial public offering is Rs. 234-247 per share. On the second day of the subscription, shares reserved for the QIB category received 0.01 times the offers followed by the Retail category 1.33 times and NII received 1.29 times the subscription.
Elin Electronics IPO: Award Date
Once the bidding process is complete, the share allocation status of Elin Electronics’ initial public offering will be released. The share allotment status of the Elin Electronics IPO is likely to be finalized on December 27. While the company’s shares are expected to be listed on the stock exchanges, BSE and NSE, next week on Friday, December 30, 2022.
The bidders and subscribers of the issuance will be able to consult online the status of the allocation of the shares, once they have been declared. All they need to do is visit the official website of BSE or the registrar of IPO- KFin Technologies Limited. Here is a step-by-step guide to check the Elin Electronics IPO share allocation status.
How to Check Elin Electronics IPO Stock Allocation Status Online via BSE
1. Visit the official BSE website or click on the direct link provided here: https://www.bseindia.com/investors/appli_check.aspx.
2. Select Elin Electronics IPO from the menu. In particular, the name of the company will be available only after the completion of the share allocation status.
3. Enter your assigned solicitation number for the initial public offering.
4. Then enter your Permanent Account Number (PAN card number).
5. Click ‘I’m not a robot’ and confirm the captcha.
6. Finally, tap on the ‘Send’ button. You will be able to see the allocation status of the Elin Electronics IPO on the screen.
How to Check Elin Electronics IPO Stock Allocation Status Online via KFin Technologies
Go to the official website of the IPO registrar which is KFin Technologies. You can also click on any of the links-
https://kcas.kfintech.com/ipostatus/ or https://kprism.kfintech.com/ipostatus/.
Select IPO name (Elin Electronics IPO) in dropbox, available only after declaration.
Select one of three modes: Request Number, Client ID, or PAN ID.
Enter the application details.
Enter the captcha and click the submit button. And you can check the status on your screen.