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Elin Electronics initial public offering (IPO) was subscribed 3.09 times on the last day of subscription on December 22. The issue, with a price band of Rs Rs 216 to Rs 237 per share, will likely list on BSE and NSE on December 30.
The IPO was open for subscription from December 20 to December 22.
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 IPO: The quota for retail individual investors (RIIs) was subscribed 1.53 times, the non-institutional investors (NIIs) portion received 1.63 times subscription and qualified institutional buyers (QIBs) got just one per cent subscription.
The IPO had a fresh issue of up to Rs 175 crore and an offer for sale of up to Rs 300 crore, aggregating up to Rs 475 crore.