Elin Electronics IPO: Last day to bid- Know GMP, allotment date, how to check status online

tech.hindustantimes.com:

Want to subscribe for the Initial Public Offer (IPO) of Elin Electronics? If yes, you need to do it 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 the subscription, the public issue was subscribed 95 times. As per market observers, Elin Electronics shares are at a premium (GMP) of Rs. 22 in the grey market today, according to a report by Live Mint.

Elin Electronics IPO consists of a fresh issue of up to Rs. 175 crore and an offer for sale (OFS) of up to Rs. 300 crore, aggregating up to Rs. 475 crore. The price range fixed for the IPO is Rs. 234-247 per share. On the second day of the subscription, the shares reserved for the QIB category received 0.01 times bids followed by Retail category 1.33 times and NII receiving 1.29 times subscription.

Once the bidding process ends, the share allotment status of the Elin Electronics IPO will be released. Elin Electronics IPO share allotment status is likely to be finalised on December 27. While the shares of the company are expected to list on stock exchanges- BSE and NSE, next week on Friday, December 30, 2022.

Bidders and subscribers of the issue will be able to check the share allotment status online, once declared. All they need to do is visit the official website of BSE or the registrar of the IPO- KFin Technologies Limited. Here is a step-by-step guide to check the Elin Electronics IPO share allotment status.

1. Visit the official website of BSE or click on the direct link given here— https://www.bseindia.com/investors/appli_check.aspx.

2. Select Elin Electronics IPO in the menu. Notably, the name of the company will be available only after the