Elin Electronics IPO: Public Issue Subscribed 95% On 2nd Day
The IPO has a fresh issue of up to Rs 175 crore and an offer for sale of up to Rs 300 crore.
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The IPO has a fresh issue of up to Rs 175 crore and an offer for sale of up to Rs 300 crore.
The initial public offering (IPO) of Elin electronics was subscribed 0.95 times or 95 per cent overall at the closing of Day 2 of the three-day public issue.
Elin Electronics manufactures end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances in India. It is among the largest fractional horsepower motors manufacturers in India
Dollar index edged higher while oil prices also moved up, which may weigh on the domestic sentiment.
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