Elin Electronics IPO

•    Has an established and strong hold on market position in key verticals including leadership in fractional horsepower motors
•    Diversified products resulting in a de-risked business model
•    Entrenched relationships with a marquee customer base
•    High degree of backward integration resulting in higher efficiencies, enhanced quality of products and customer retention capability
•    Consistent and strong track record of financial performance.

•    There is no guarantee that the firm can retain the business with its (new or existing) customers after completing contracts, adversely affect the profitability and results of operations.
•    The manufacturing facilities are critical to the business. Thus, any disruption in the continuous operations of them would have a material adverse effect on the business, and profitability.
•    If the firm fails to optimally utilise its well-versed backward integration to enhance and support the business, then reliance on third party suppliers may possibly cause delays in timelines and increase in input cost (on short notice). 
•    The EMS industry is rapidly changing and evolving. The company may fail to keep up with the latest trends and fail in adopting new ODM capabilities and technology.
•    The technical knowledge may not be adequately protected by intellectual property, but only by secrecy, which cannot keep things confidential for long and may lead to the firm losing out on its competitive edge.
•    The firm relies on third party transportation providers to supply most of the raw materials and deliver products to its customers, hence, there could possibly be failures in these continuous supply or delivery process in an efficient and reliable manner.