Elin Electronics IPO: Firm files Rs 760-crore IPO papers with SEBI

Elin Electronics has filed preliminary papers with capital markets regulator markets Sebi to raise Rs 760 crore through an initial share sale.

New Delhi: Elin Electronics Limited, a leading electronics manufacturing services company, has filed preliminary papers with capital markets regulator markets Sebi to raise Rs 760 crore through an initial share-sale.

The initial public offering (IPO) comprising fresh issue of shares aggregating up to Rs 175 crore, and an offer for sale of up to Rs 585 crore by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP).

As a part of the OFS, existing shareholders will sell shares to the tune of Rs 345.60 crore and promoters will divest shares worth Rs 239.4 crore.