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Get latest articles and stories on Latest News at LatestLY. The Initial Public Offer (IPO) of electronics manufacturing services company Elin Electronics was subscribed 3.09 times on the last day of subscription on Thursday. Latest News | Elin Electronics IPO Subscribed 3 Times on Last Day of Offer.
The IPO received bids for 1,34,54,580 shares against 1,42,09,386 shares on offer, as per NSE data.
Post the public subscription, the shares are expected to go live on stock exchanges on December 30, 2022. As per reports, the Elin Electronics latest GMP suggests a premium of Rs 48, suggesting that the scrip will have a decent debut on its stock market listing.
KFin Technologies: The Rs 1,500 crore-initial public offer had a price range of Rs 347-366 a share.
The IPO has a fresh issue of up to Rs 175 crore and an offer for sale of up to Rs 300 crore.