Electronics mart india ipo

₹500 crore, with no offer for sale (OFS) component and the price band for the offer is ₹56-59 per share. The company to utilise the net proceeds to fund its capital expenditure, support incremental working capital requirements and pay debt and will also be used for general corporate purposes. “In terms of valuations, the post-issue P/E works out to 21.8x FY22 EPS (at the upper end of the issue price band) which is low compared to its peer Aditya Vision Ltd. Further, EMIL has better revenue growth (CAGR of 17%) over 2 years, better return on equity and expansion plan on the cards. Considering all the positive factors, we believe this valuation is at reasonable levels. Thus, we recommend a Subscribe rating on the issue," said brokerage Angel One. Incorporated in 1980, Electronics Mart India Limited (EMIL) is the 4th largest consumer durable and electronics retailer in India. The company offers a diversified range of products with a focus on large appliances (air conditioners, televisions, washing machines and refrigerators), mobiles and small appliances, IT and others. The company's offering includes more than 6,000 SKUs (stock keeping units) across product categories from more than 70 consumer durable and electronic brands. Its multi-brand outlets operate under the brand name Bajaj Electronics other than two specialised stores under the name 'Kitchen Stories', catering to kitchen specific-requirements and one specialised store format under the name 'Audio & Beyond', focusin...

Synopsis Electronics Mart IPO: The Rs 500-crore IPO entirely consisted of issuance of fresh equity shares with a face value of Rs 10 each and a lot size of 254 equity shares. The company reported a net profit of Rs 103.89 crore with a total revenue of Rs 4,353.07 crore during the financial year 2021-22. For the period ended on June 30, 2022, its profit stood at Rs 40.66 crore with revenue of Rs 1,410.25 crore. Incorporated in 1980, Electronics Mart India is the fourth largest consumer durable and electronics retailer in India with a leadership position in South India, particularly in the states of Telangana and Andhra Pradesh. The company offers a diversified range of products with a focus on large appliances, mobiles and small appliances, IT and others of more than 70 brands. The company's offering includes more than 6,000 SKUs (stock keeping units). The company reported a net profit of Rs 103.89 crore with a total revenue of Rs 4,353.07 crore during the financial year 2021-22. For the period ended on June 30, 2022, its profit stood at Rs 40.66 crore with revenue of Rs 1,410.25 crore. Brokerages remain positive on the issue, with a subscribe rating, thanks to its reasonable valuations, growth prospects and dominance in the markets. However, a few have raised concerns over dependence on major brands and online competition. Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website: 1) Visit 2) Under the issue type, click...

Electronics Mart IPO allotment: Allotment of shares for the public issue worth ₹500 crore has been finalised. Those who have applied for the public offer are advised to check Electronics Mart IPO allotment status online by logging in at the BSE website or at the website of its official registrar. The official registrar of the IPO is KFin Technologies Limited. 1] Login at direct BSE link — bseindia.com/investors/appli_check.aspx; 2] Select Electronics Mart IPO; 3] Enter your Electronics Mart IPO application number; 4] Enter your PAN card details; 5] Click at 'I'm not a robot'; and 6] Click at 'Submit' button. Your Electronics Mart IPO allotment status on BSE will become available. Electronics Mart IPO allotment: How to check status on KFintech Those bidders who want to check their IPO application status online on official registrar's website, they need to login at direct KFintech link — kprism.kfintech.com/ipostatus abnd follow the below mentioned step by step guide: 1] Login at direct KFintech link — kprism.kfintech.com/ipostatus; 2] Click at Electronics Mart IPO; 3] Slect either of Application Number, Demat Account or PAN; 4] Enter application number; 5] Enter captcha; and 6] Click at 'Submit' option. Your Electronics Mart IPO allotment status will become visible on your computer screen or on your smartphone's or android phone's screen. Electronics Mart IPO GMP today According to market observers, shares of Electronics Mart are available at a premium of ₹29 in grey market...

Electronics Mart India, one of the fastest-growing consumer durables and electronics retailers in India, is expected to see a healthy double-digit listing premium on October 17 after the initial offering was subscribed 72 times over. The listing premium is expected to be in the range of 35-45 percent over the issue price of Rs 59 a share, experts said, citing reasonable valuations, healthy financials in a competitive sector and robust growth prospects of the industry. The company raised Rs 500 crore through the IPO and the money will be used for expansion and opening of stores and warehouses, to meet working capital requirements and to repay debts. Also read - Dalal Street Week Ahead | 10 key factors that will keep traders busy The price band for the offer, which was subscribed 71.93 times, was Rs 56-59 per share. Qualified institutional investors bought 169.54 times the allotted quota, non-institutional investors 63.59 times the portion set aside for them and retail investors put in bids 19.71 times the reserved portion. "Backed by a supportive secondary market, Electronics Mart India is signalling a strong debut with a healthy premium on its issue price. Considering excellent response from QIB, NII and retail demand, we assume listing would be around Rs 80-85 levels, which translates to more than 36-44 percent premium over the upper end of the IPO," Prashanth Tapse, Senior VP Research at Mehta Equities said. The healthy listing is justified on the back of reasonable valu...

Electronics Mart India Ltd's initial public offer (IPO) is seeing strong demand in the grey market as the trading premium has hit higher double-digits since the announcement of the price band last week. The Rs 500-crore issue opened for bidding on October 4 and will close on October 7. The price band is Rs 56-59 per share. EMIL shares are trading at a massive premium of nearly 60 percent over the upper price band in the grey market, analysts said, rising from 50 percent quoted a couple of days back. Attractive valuations, leadership position in consumer durable and electronics retail in south India, consistency in financial performance, favourable pricing power from brands and a strong expansion plan may be some of the reasons for the healthy grey market premium enjoyed by EMIL, analysts reasoned. The grey market is an unofficial trading platform for IPO shares. Generally, IPO investors consider this price movement here to gauge the expected listing price of any issue. IPO oversubscription The EMIL IPO was subscribed around six times at the time of writing this article with participation by all kinds of investors from the first day of bidding. "With reasonable valuations, growth prospects and dominance in the markets, the issue has been subscribed nearly six times currently," Mohit Nigam, Head - PMS at Hem Securities, said. Click Here To Read All IPO Related News With valuations lower than its peers coupled with better revenue growth (CAGR of 17 percent) over the last two ...

NEW DELHI: The initial public offer (IPO) by Hyderabad-based Electronics Mart India is all set to hit the market on Tuesday, October 4. The retail chain is looking to raise Rs 500 crore via a fresh issue in the Rs 56-Rs 59 price band. Initial brokerage reports on the issue are positive and given that the recent demand for IPOs, the stock is generating a premium in the grey market. High geographic concentration risk, high competition  from online retailers and high dependence on limited number of brands, however, remained some of the key risks for the consumer durables retailer, analysts said. Here's all you should know about the issue: Company background Electronics Mart India is the fourth largest consumer durables and electronics retailer in India. With revenue of Rs 4,349 crore in FY22, it is the largest player in the Southern region with dominance in states such as Telangana and Andhra Pradesh. Scale Electronics Mart operated and managed 112 stores with retail business area of 1.12 million square feet, located across 36 urban centres till August-end. IPO size Electronics Mart intends to raise Rs 500 crore via fresh issue of up to 8.47 crore equity shares. The offer will constitute 22 per cent of the post-offer paid-up equity capital of the company. Price band & valuations The Rs 500-crore issue will be sold in Rs 56-59 price band. The issue is available at 21.8 times FY22 EPS and FY22 EV/Ebita of 9.7 times, as per Nirmal Bang Institutional Equities. Also Read: T...

The issue, which entirely consists of the issuance of fresh equity shares with a face value of Rs 10 each, is open for subscription till Friday, October 7. The net proceeds from the issue will be utilised towards the funding of capital expenditure for expansion, funding incremental working capital requirements, repayment or prepayment of certain borrowing and general corporate purposes. Pinebridge Global, Ashoka India Equity Trust, Abakkus, Societe Generale along with multiple mutual funds such as Nippon Lie India, The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas 15 per cent of the shares are allocated to non-institutional investors. Retail bidders will get the remaining 35 per cent of the offer. Anand Rathi Securities, The majority of the brokerages remain positive on the issue, with a subscribe tag, citing reasonable valuations, growth prospects and dominance in the markets. However, a few have raised concerns over dependence on major brands and online competition. Here is what different brokerages have to say about the initial stake sale of Electronics Mart India: • Rating: Subscribe On FY22 financials, the IPO is valued at 11.6x EV/EBITDA, 0.8x EV/sales and 21.8x P/E. Supported by its extensive product portfolio, national outreach, flexible business model and multi-channel business activity, EMI appears to be in a strong position. "In view of competitive pricing, backing by top brands with long-standing relationsh...

Review By Dilip Davda on Sep 28, 2022 •EMIL is the 4th largest consumer durables and electronics retailer in India. •It suffered a setback in FY21 on account of the Pandemic. •Sustainability of margins going forward raises concerns. •Higher equity base will have issues of servicing going forward. •Cash surplus investors may consider an investment with a long-term perspective. ABOUT COMPANY: Electronics Mart India Ltd. (EMIL) is the 4th largest and one of the fastest growing consumer durables and electronics retailers in India and as of Financial Year 2021, it is the largest regional organized player in the southern region in revenue terms with dominance in the states of Telangana and Andhra Pradesh (Source: Company Commissioned CRISIL Report). The company commenced business operations in 1980 and since then there has been a steady rise in revenue from operations. It has been one of the fastest growing consumer durable & electronics retailers in India with a revenue CAGR of 17.90% from Financial Year 2016 to Financial Year 2021 (Source: Company Commissioned CRISIL Report). As of August 31, 2022, the company had 112 stores across 36 cities / urban agglomerates with a retail business area of 1.12 million sq. ft. It offers a diversified range of products with a focus on large appliances (air conditioners, televisions, washing machines, and refrigerators), mobiles and small appliances, IT, and others. EMIL's offering includes more than 6,000 SKUs across product categories from ...