At the NSE, shares of the company made its debut at Rs 244, lower by 1.21 per cent.
The company commanded a market valuation of Rs 1,175.43 crore on the BSE.
The Initial Public Offer (IPO) of Elin Electronics was subscribed 3 times last week.
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.
Price range for the offer was at Rs 234-247 a share.
Elin is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances, and a leading fractional horsepower motors manufacturer in the country.