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Electronics manufacturing firm Elin get Sebi nod for Rs.760-Cr IPO

Economic Times  

Raymond-promoted Elin Electronics has received Sebi's approval to raise INR 760 crore via an IPO. The public issue consists of fresh issue of shares aggregating INR 175 crore, and an offer for sale of up to INR 585 crore by the promoters. Delhi-based Elin is an electronics manufacturing services (EMS) firm engaged in end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances, and leading fractional horsepower motors manufacturers in India.