Electronics mart india limited ipo gmp

According to dealers tracking the grey market, the small issue size, growth prospects and super-solid response to issue are the key factors guiding the lofty premiums there. Abhay Doshi, co-founder, UnlistedArena, said the issue valuations were reasonable, leaving something on the table for investors, which attracted the bulk of investors to bid for it. The quota reserved for Investors who bid for the issue can check their allotment status on the official website of the (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) -- Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Electronics Mart The company is selling its shares in the range of Rs 56-59 apiece to raise Rs 500 crore via its initial stake sale. Electronics Mart India IPO Subscription Status According to the data from BSE, the quota reserved for retail individual investors (RIIs) was subscribed 1.98 times, qualified institutional buyers by 1.68 times and NII by 1.04 times. EMIL’s performance in the Last Financial Year In FY 2022, the company reported a net profit of Rs 103.89 crore from a revenue of Rs 4,349 crore. For the quarter ending in June 2022, EMIL reported a net profit of Rs 40.66 crore and Rs 1,410.25 crore in revenue. Electronics Mart India IPO Objective The company said that it intends to utilise the net proceeds from the IPO to fund its capital expenditure, support incremental working capital requirements and pay debt and will also be used for general corporate purposes. Electronics Mart India IPO Valuation Brokerages remain positive on the issue amid reasonable valuations, growth prospects and dominance in the markets. However, a few have raised concerns over dependence on major brands and online competition. “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 reas...

“Electronics Mart India is amongst the dominating consumer durables and electronics retailer centralised in South India. Almost 90% of its revenues come from retail chains. 50% of its revenue comes from the sale of large appliances. EMIL has reported significant bottom-line growth. Based on FY22 earnings post fresh issue, the IPO is priced at a p/e of 21.77x on the upper band, which seems to be moderate as the sector is highly competitive with the presence of deep pocketed players – in both online & offline segments," said Abhay Doshi, co-founder at UnlistedArena. Anand Rathi Advisors, IIFL Securities and JM Financial are the book running lead managers to the initial share sale. KFin Technologies Limited is the registrar of the public issue. Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of Bajaj Electronics. The company had 112 stores across 36 cities as of August this year. 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', focusing on high-end home audio and home automation solutions.

Electronics Mart India latest IPO GMP Today is ₹30(+/-1), last updated on Oct 17th 2022 09:57 AM. Given at the price band of 59, the estimated listing price for the Electronics Mart India IPO is ₹89 (cap price + today's GMP). The expected gain/loss per share in terms of percentage is 50.85%.• Electronics Mart India IPO Retail Subject to Sauda: ₹6800 • Electronics Mart India IPO Small HNI Subject to Sauda: ₹96000 • Electronics Mart India IPO Big HNI Subject to Sauda: ₹96000 We update GMP on daily basis and based on the last 20 sessions grey market activities, The current GMP (₹30) is showing signals towards the lower side. With this trend, it can go further down on listing day. The lowest GMP is recorded at ₹21 while the highest GMP is ₹35. Stay tuned with us to know the day-by-day Electronics Mart India IPO GMP Performance along with its expected listing price. Electronics Mart India Day-wise IPO GMP Trend GMP Date GMP S2S Estimated Listing Price Last Updated Time 17-10-2022 ₹30 6800 ₹89 (50.85%) 17-Oct-2022 08:57:17 AM 16-10-2022 ₹30 4500 ₹89 (50.85%) 16-Oct-2022 10:35:34 AM 15-10-2022 ₹30 4500 ₹89 (50.85%) 15-Oct-2022 09:13:18 AM 14-10-2022 ₹30 4500 ₹89 (50.85%) 14-Oct-2022 09:08:33 AM 13-10-2022 ₹24 4500 ₹83 (40.68%) 13-Oct-2022 09:10:10 AM 12-10-2022 ₹25 5000 ₹84 (42.37%) 12-Oct-2022 09:02:49 AM 11-10-2022 ₹32 5000 ₹91 (54.24%) 11-Oct-2022 09:04:32 AM 10-10-2022 ₹24 5000 ₹83 (40.68%) 10-Oct-2022 09:01:49 AM 09-10-2022 ₹31 4000 ₹90 (52.54%) 9-Oct-2022 09:58:53 AM 08-10-...

Hyderabad-based Electronics Mart India is expected to announce its share allotment status for its initial public offering (IPO) on October 12. The IPO opened for subscription from October 4 and received a good response from investors amidst volatile market conditions. The company plans to raise Rs 500 crore through fresh issue of shares and it has fixed a price band of Rs 56 to Rs 59 per share.

Search Review Ak gupt Subscribe for Short Term at Cut-off Price Looks good , this issue may give up to 60% to 100% return in short term . Please subscribe 1 Oct 7, 2022 11:27:40 AM R R Patel IPO Mentor (800+ Posts, 3300+ Likes) Subscribe for Listing Gain at Upper Price Band Good revenue and profit growth. High GMP snd demand so apply with full force. Oct 6, 2022 8:05:43 PM Crow Top Contributor (400+ Posts, 200+ Likes) Subscribe for Listing Gain at Cut-off Price Concentration in south India and the probability of losing the "Bajaj' trademark make me cautious about Electronics Mart India (EMI) and its future. But it's one of the rare IPOs which has zero red flags in terms of valuation, growth history, IPO structure (no OFS). The overall positive sentiment within and outside Chittorgarh will work wonders for this, which is partly evident in the GMP and first day subscription fig. 0/11 red flags. I'm applying to gain 1 retail lot. Thanks and keep crowing! Oct 5, 2022 3:13:53 PM VANSH PATEL Subscribe for Listing Gain at Upper Price Band Apply for good handsome listing gain, also can hold for long term if you wish because IPO is comming at cheaper valuation. Expected Listing Gain 40% And after listing few days IPO will be under pressure. So booking profit isnt bad idea. Oct 5, 2022 10:48:37 AM Gujju IPO Top Contributor (200+ Posts, 100+ Likes) Subscribe for Listing Gain at Cut-off Price Reasonable price band with good financial Nice anchor book P/E is 17.05 P/E of peer Aditya vi...