Elin Electronics IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Elin Electronics IPO GMP Today, Elin Electronics IPO Grey Market Premium Updates | Elin Electronics IPO Listing Gain, Latest target, Opening gain

Elin Electronics IPO date is fixed, the initial public offer (IPO) is to hit the market on Dec 20, 2022, and close on Dec 22, 2022. Landmark Cars IPO to raise ₹475 Cr via IPO that comprises an offer of up to 10,909,091 Equity Shares of Rs.5 each. The retail quota is 35% with QIB 50% and HNI 15%.

Elin Electronics Limited is a leading electronics manufacturing services (“EMS”) provider. The company is a 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.

Elin Electronics Limited manufactures and assembles a wide array of products and provides end-to-end product solutions. The company serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models.

The company’s diversified product portfolio in EMS includes (i) LED lighting, fans and switches including lighting products, ceiling, fresh air and TPW fans, and modular switches and sockets, (ii) small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryer and hair straightener; (iii) fractional horsepower motors, which is used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, TPW fans etc.; and (iv) other miscellaneous products.

The company has three manufacturing facilities which are strategically located in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh) and Verna (Goa).

Check out Elin Electronics IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Elin Electronics IPO Details:

Issuer Elin Electronics Ltd
Issue Type Book Built Issue IPO
Issue Period Issue Opens: DEC 20, 2022
Issue Closes: DEC 22, 2022
Price Brand ₹234 to ₹247 Per Share
Issue Size ₹475 Cr
Face Value Rs.5 per Equity Share
Market Lot 60 Shares
Maximum Bid amount for Retail ₹192660
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Listing at NSE & BSE
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Equity 10,909,091 Shares

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Elin Electronics IPO GMP Rates day by day

Elin Electronics IPO Grey market premium as of today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
23 DEC 2022
22 DEC 2022 ₹3
21 DEC 2022 ₹45 ₹275 ₹800
20 DEC 2022 ₹45 ₹250 ₹1700
19 DEC 2022 ₹40 ₹250 ₹1700
18 DEC 2022 ₹40 ₹250 ₹1700
17 DEC 2022 ₹30
16 DEC 2022 ₹30
15 DEC 2022 ₹25

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Elin Electronics IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 60 ₹14820
Retail (Max) 13 780 ₹192660
S-HNI (Min) 14 840 ₹207480
B-HNI (Min) 68 4080 ₹1007760

Elin Electronics IPO Allotment & Listing:

Elin Electronics IPO Opening Date: DEC 20, 2022
Elin Electronics IPO Closing Date : DEC 22, 2022
Basis of Allotment: DEC 27, 2022
Refunds: DEC 28, 2022
Credit to Demat Account: DEC 29, 2022
Listing Date: DEC 30, 2022

How to Apply for Elin Electronics IPO?

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How to Apply Elin Electronics IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Elin Electronics”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply Elin Electronics IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Elin Electronics”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.



Check:- Elin Electronics IPO Allotment Status


– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.

What is Grey Market?

Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:


IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.