Elin Electronics IPO GMP History
Elin Electronics IPO has been listed on December 30, 2022 at a listing price of ₹244, against the issue price of ₹247 — a loss of ₹3 (-1.21%). The GMP peaked at ₹50 on 19 December 2022 and reached a low of ₹3 on 24 December 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Elin Electronics IPO raised ₹475 Cr. through its IPO at a price band of ₹234 to ₹247 per share, with a lot size of 60 shares. The IPO was open for subscription from 20 Dec 2022 to 22 Dec 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:47 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 27 Dec 2022 | ₹ 5 | — | 2% | — | — |
| 26 Dec 2022 | ₹ 5 | ▲ | 2% | — | — |
| 24 Dec 2022 | ₹ 3 | ▼ | 1% | — | — |
| 23 Dec 2022 | ₹ 5 | — | 2% | — | — |
| 22 Dec 2022 | ₹ 5 | ▼ | 2% | — | — |
| 21 Dec 2022 | ₹ 45 | — | 18% | — | — |
| 20 Dec 2022 | ₹ 45 | ▼ | 18% | — | — |
| 19 Dec 2022 | ₹ 50 | — | 20% | — | — |
| 17 Dec 2022 | ₹ 50 | — | 20% | — | — |
Elin Electronics IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 20 Dec 2022
- Close 22 Dec 2022
- Allotment 27 Dec 2022
- Refund/credit 28 Dec 2022
- Listing 30 Dec 2022
Elin Electronics IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹247 |
|---|---|
| GMP-based estimate (pre-listing) | ₹252 (+2%) |
| Listing gain / loss | −₹3 per share |
| Listing date | 30 Dec, 2022 |
| Actual listing price | ₹244 (-1.21%) |
Is Elin Electronics IPO GMP reliable?
Grey market premium for Elin Electronics IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Elin Electronics IPO full review for a fundamentals-based assessment before making any grey market trades.
Elin Electronics IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Elin Electronics IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Elin Electronics IPO
Elin Electronics Limited was incorporated as Elin Electronics Private Limited at Kolkata on 26 March 1982. It is a leading electronics manufacturing services (EMS) provider and one of the largest makers of fractional horsepower motors in India.
It makes end-to-end product solutions for major brands under both OEM and ODM models. Its range covers LED lighting, fans and switches, small appliances such as irons, toasters, hand blenders, mixer grinders and hair dryers, and fractional horsepower motors used in mixers, chimneys, air conditioners and fans.
It has three manufacturing facilities at Ghaziabad in Uttar Pradesh, Baddi in Himachal Pradesh and Verna in Goa, and a central R&D centre in Ghaziabad.
The IPO was Rs 475 crore, with Rs 175.00 crore of fresh issue and Rs 300.00 crore of offer for sale by promoters, promoter group members and other Sethia family shareholders. Rs 88.00 crore was planned for repaying borrowings and Rs 37.59 crore for upgrading the Ghaziabad and Verna plants.
Frequently asked
What is the GMP of Elin Electronics IPO?
The current Grey Market Premium (GMP) of Elin Electronics IPO is ₹ 5.
What is the Kostak Price of Elin Electronics IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Elin Electronics IPO is not available.
What is the Subject to Sauda Price of Elin Electronics IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Elin Electronics IPO?
Elin Electronics IPO listed on December 30, 2022 at ₹244, against the issue price of ₹247 — a loss of -1.21%.
How did the GMP of Elin Electronics IPO trend before listing?
The GMP of Elin Electronics IPO was stable in its final days before listing. The GMP peaked at ₹50 on 19 December 2022. View the day-wise table above for the complete GMP history.
Explore Elin Electronics IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
