Electronics mart ipo

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 ...

The maiden issue of Electronics Mart India (EMI), during which the company will issue fresh shares to raise Rs 500 crore, will open for public bidding on October 4 and run through October 7. Analysts are largely positive on the issue. They see many strengths in the company, including high growth, increasing market share, a stable business model, and an experienced management team, all of which may work in favour of the future growth of the firm. Jehan Bhadha, Research Analyst at Nirmal Bang, a securities firm, said EMI’s key advantage was that it enjoyed favourable pricing terms with brands due to its scale. The company is the fourth largest consumer durable and electronics retailer in India, and the largest in south India. “EMI has demonstrated superior performance among all major consumer durable and electronics retailers in India in terms of growth, with a revenue CAGR of 26 percent over FY15-20 (pre-Covid). ``It has also managed to deliver a respectable return on equity (RoE) of 17.4 percent during the Covid-impacted year of FY22,” Badha said, adding that he has a ‘subscribe’ rating on it. EMI is offering its shares at an attractive price-to-earnings (PE) multiple of 21.8 times FY22 earnings. Its EV/EBITDA is 9.7 times FY22 values. Compared to its sole listed peer Aditya Vision, the issue is available at a lower valuation. EMI has priced its IPO in a price band of Rs 56-59. Investors can bid for a minimum of 254 shares and multiples thereof. Of the total shares availab...

Incorporated in 1980, Electronics Mart India Limited 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. Electronics Mart India Limited business models: 1. Ownership Model: The company owns the underlying property including the land and building. 2. Lease Rental Model : The company has enter into a long-term lease arrangement with the property owner(s). As of August 15, 2021, out of the total 99 stores company operates, eight stores are owned, 85 stores are under the long-term lease rental model and six stores are partly owned and partly leased. The company operates its business activities across three channels retail, wholesale and e-commerce. Retail : As of August 15, 2021, out of 99 stores, 88 stores are Multi Brand Outlets ("MBOs") and 11 stores are Exclusive Brand Outlets ("EBOs"). The revenue from the retail channel was Rs 29,312.84 million, Rs 28,991.35 million and Rs 25,801.72 million for Financial Year 2021, 2020 and 2019, respectively. Wholesale: The company is also engaged in the wholesale business of consumer durables, where the company supplies products to single-shop retailers in Andhra Pra...

1/5 Electronics Mart IPO: Initial public offering (IPO) Electronics Mart India opened for subscription on October 4 and today (October 7) is the last day to bid for the same. Once the bidding process ends, the share allotment status of the Electronics Mart IPO is expected to be finalised on October 12, 2022. The shares of the company will likely be listed on stock exchanges (BSE and NSE) on October 17, 2022. If you are still waiting to subscribe for the IPO, here are the details you need to know. (Electronics Mart India Website) 3/5 Electronics Mart IPO Subscription Details: The shares of the Electronics Mart IPO were fully subscribed 1.69 times on the first day of subscription on Tuesday. While on the second day the IPO received 7.57 times subscription. After the finalisation of the Electronics Mart IPO share allotment status, subscribers and investors of the same will be able to check the status online by visiting the official website of BSE or the registrar of the IPO that is KFin Technologies Limited. (Electronics Mart India Website) 4/5 Electronics Mart IPO how to check share allotment status online via BSE: You will have to visit the official website of BSE or click on the direct link given here— https://www.bseindia.com/investors/appli_check.aspx. You will then have to select Electronics Mart IPO in the menu and enter your application number and Permanent Account Number (PAN card number). After that click at 'I'm not a robot' and confirm the captcha. At last click a...

The Electronics Mart India IPO concluded on Friday after receiving a solid 71.93 times subscription. The basis of allotment for the IPO may take place on 12 October (Wednesday), the initiation of refunds is likely on Thursday, and the credit of shares to demat accounts is likely by Friday, according to the red herring documents. Electronics Mart India shares are likely to debut on stock exchanges on 17 October. The IPO shares were commanding a grey market premium (GMP) of Rs 30 apiece, up from Rs 27-30 a piece earlier. The Rs 500-crore IPO received an overwhelming response from investors, getting bids worth more than Rs 26,500 crore against an IPO size of Rs 500 crore. The issue was subscribed 71.93 times – the second highest subscription level in 2022 after Harsha Engineers (74.70 times) – with retail investors applying for shares 19.71 times the allotted quota, non-institutional investors putting in bids 63.59 times the portion set aside for them. The qualified institutional buyers bought 169.54 times their reserved portion. IKIO Lighting IPO opens for subscription, GMP rises; should you subscribe to Rs 607 crore public issue? The IPO comprised fresh issue of equity shares aggregating to Rs 500 crore, with no offer for sale (OFS) component. The company intends to utilise the net proceeds to fund its capital expenditure and incremental working capital requirements to the extent of Rs 133.8 crore and Rs 200 crore respectively, repayment/prepayment of Rs 50 crore of its deb...

The Initial Public Offering (IPO) of Electronics Mart India continued to see good response from investors on the second day of the bidding. The issue was subscribed 7.57 times on October 6, as the participants bought 47.29 crore equity shares against the offer size of 6.25 crore shares. Retail investors subscribed the issue 7.81 times the allotted quota, while non-institutional investors bought shares 11.74 times the portion set aside for them. Qualified institutional buyers also remained active from day one, buying shares 4.01 times the reserved portion. The issue, on its first day of bidding, was subscribed 1.69 times. Incorporated in 1980, Electronics Mart India Limited (EMIL) opened its maiden public issue on October 4 with a price band of Rs 56-59 per share. The offer consists of only fresh issue of equity shares aggregating to Rs 500 crore, which will be utilised for incremental working capital requirements, expansion and opening of stores and warehouses, and repaying debts, besides 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, Angel One said. Also Read Moneycontrol's Exclusive Research Note on Electronics Mart India IPO Further, EMIL has better revenue growth (CAGR of 17 percent) over 2 years, better return on equity and expansion plan on the cards. Considering all the positive factors, the brokerage believes this valuation...

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...

Electronics Mart IPO date is fixed, the IPO is to open on October 4, 2022. and will close on October 7, 2022. Electronics Mart IPO to raise around ₹500 crores via IPO that comprises fresh issue of ₹500 crores and offer for sale up to [.] equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%. Electronics Mart India Limited is one of the largest electronics retailers in India. The company was incorporated in 1980 and based in Hyderabad. They are the 4th largest consumer durable and electronics retailer in India and as of Financial Year 2020, they are the largest player in revenue terms (Source: CRISIL Report). Electronics Mart India (EMI) offers large appliances like Televisions, Refrigerators, Washing machines, Air conditioners, mobiles, small appliances, IT, and other electronics products as well. They are selling over 5000 SKUs in more than 70 consumer durable and electronics brands. They have 2 business models, 1. Ownership Model and 2. Lease Rental Model. They are selling products in retail, wholesale, and e-commerce as well. Objects of the Issue: • Funding of capital expenditure for expansion and opening of stores and warehouses. • Funding incremental working capital requirements. • Repayment / prepayment, in full or part, of all or certain borrowings availed by the Company. • General corporate purposes. Electronics Mart IPO Review (Apply or Not) • Apply Brokerage Firm IPO Review • Capital Market: May Apply • Axis Bank: Not Rated • Marwadi Share...

• When will • When will the IPO of Electronics Mart The IPO of Electronics Mart India will close for subscription on Friday, October 7, 2022. • What is the price band for Electronics Mart India's IPO? The price band for Electronics Mart India's IPO has been fixed at Rs 56-59 per share. • What is the issue size of Electronics Mart India's IPO? The IPO entirely consists of issuance of fresh equity shares with a face value of Rs 10 each. The company is likely to raise Rs 500 crore via its initial stake sale. • What will Electronics Mart India do with net proceeds from the IPO? The company intends to utilize the net proceeds from its issue towards capital expenditure, repayment of debt and incremental working capital requirements, other than general corporate purposes. • What is the lot size for Electronics Mart India IPO? Investors can subscribe to Electronics Mart India IPO by betting on a lot of 254 shares or in multiples thereof. At the upper range of the price band, one lot of the IPO is worth Rs 14,986. A retail bidder can bid for 13 lots at maximum. • What is the business profile of Electronics Mart India? Incorporated in 1980, Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. It operates and manages 112 stores with a retail business area of 1.12 million square feet, located across 36 cities, predominantly in Andhra Pradesh, Telangana and NCR. • What does Electronics Mart India do? The company offers a diversified range of ...