Electronics mart ipo gmp

Electronics Mart IPO: Have you subscribed for the Electronics Mart IPO? If not, you can do it now as the issue is open for subscription today. It can be noted that the Initial Public Offering (IPO) of Electronics Mart India, a consumer durables retail chain opened for subscription on October 4, 2022 and today is the second day of the bidding process (market was closed on October 5 for a public holiday). The public issue will close for subscription on October 7, 2022. Before you bid for the Electronics Mart Electronics Mart IPO: Subscription details The shares of the Electronics Mart IPO were fully subscribed 1.69 times on the first day of offer on Tuesday. According to the data available with the NSE, the IPO received bids for 10,58,09,796 shares against 6,25,00,000 shares on offer.

If you also have been planning to invest your money in Electronics Mart India (EMIL) IPO, here are things you need to know Electronics Mart IPO Price Band EMIL has fixed the price band for the IPO range of Rs 56 to Rs 59. The entire issue would be in the form of a fresh of shares aggregating to Rs500 crore. Electronics Mart IPO Lot Size The minimum lot size is 254 shares. Retail investors can apply for a minimum of 1 and a maximum of 13 lots, making up a total of 3,302 shares. At the upper range of the price band, one lot size would be worth Rs 14,986. 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 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 IPO Allotment Process The final allotment of shares will be announced by October 12 with refund initialization by October 13. The credit of allotted shares to the Demat account will begin by October 14. Electronics Mart IPO Listing Date EMIL is likely to make its debut in the market on October. The book-running lead managers for the EMIL IPO issue are JM Financial IIFL Securities and Anand Rathi Securit...

Synopsis Abhay Doshi, co-founder of UnlistedArena said there are multiple factors which are supporting the prices amid muted sentiments in the secondary markets. "Low pricing, small issue size, decent fundamentals and upbeat listing of recent IPOs have boosted morale in the primary markets, which has translated into the grey market premium," he added. Abhay Doshi, co-founder of UnlistedArena said there are multiple factors which are supporting the prices amid muted sentiments in the secondary markets. "Low pricing, small issue size, decent fundamentals and upbeat listing of recent IPOs have boosted morale in the primary markets, which has translated into the grey market premium," he added. "It is one of the fastest-growing consumer durable and electronics retailers with a consistent track record and industry-leading profitability, and has a business model that provides operational flexibility to create a long-term sustainable footprint," it added. 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). Brokerage firm Angel One is also positive on the IPO, on the back of the company's st...

The Initial Public Offering (IPO) of consumer durables retail chain Electronics Mart India was fully subscribed 1.69 times on the first day of offer on Tuesday. The IPO received bids for 10,58,09,796 shares against 6,25,00,000 shares on offer, according to the data available with the NSE. The issue closes on Friday, October 7, 2022. ₹500 crore, with no offer for sale component. Price range for the offer is at ₹56-59 per share. The company in its draft IPO papers said that it intends 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. As per market observers, Electronics Mart India shares are commanding a premium or grey market premium (GMP) of ₹35 in the grey market today. The company's shares are expected to list on stock exchanges on Monday, October 17, 2022. Incorporated in 1980, 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. In FY22,...

Its offering includes more than 6,000 SKUs across product categories from more than 70 consumer durable and electronic brands. It operates its business activities across three channels – retail, wholesale, and e-commerce. Electronics MartIPO Details Company Name Electronics Mart India Limited Founded 1980 Managing Director Pavan Kumar Bajaj Bidding Dates October 4, 2022 – October 7, 2022 MinimumInvestment ₹14,224 Lot Size 254 Price Range ₹56 –₹59 Issue Size Approx ₹500 Cr IPO Doc Registrar KFin Technologies Limited Listed BSE and NSE Company Website Electronics Mart IPO – Grey Market Premium (GMP) Check out Electronics Mart IPO GMP aka IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. Electronics Mart IPO GMP is and looks good, let’s hope for the best. Stay tuned for the latest IPO GMP numbers of Electronics Mart IPO. Date GMP Kostak Subject to Expected Returns 3 October 2022 ₹30 ₹400 ₹4000 50% Electronics MartIPO Allotment & Listing Dates Price Band Announcement September 28, 2022 Anchor Investors Allotment October 3, 2022 Electronics Mart IPO Open Date October 4, 2022 Electronics Mart IPO Close Date October 7, 2022 Basis of Allotment Date October 12, 2022 Refunds Date October 13, 2022 Credit to Demat Account Date October 14, 2022 Electronics Mart IPO Listing Date October 17, 2022 Electronics Mart IPO Quota Details Retail Quota 35% QIB Quota 50% NII Quota 15% Discount N/A Disclaimer • Stock Market investments are subject to market risks, read ...

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...

The 500-crore Electronics Mart India IPO on Friday concluded after receiving a solid 71.93 times subscription, thanks to a strong demand from qualified institutional bidders (QIBs). The issue received bids for 4,49,53,64,644 shares, which was 71.93 times the issue size of 6,25,00,000 shares. The QIB category attracted 169.54 times bids while the quotas reserved for non institutional investors (NIIs) and retail individual investors (RIIs) were subscribed 63.59 times and 19.71 times, respectively. As per the red herring documents filed with ROC, the basis of allotment for the IPO may take place on October 12 (Wednesday), the initiation of refunds is likely on October 13 (Thursday) and the credit of shares to demat accounts is likely by October 14 (Friday). The scrip will likely list on stock exchanges on October 17 (Monday). Last heard, the issue was commanding a grey market premium (GMP) of Rs 34 apiece, up from Rs 27-30 a piece earlier. How to check allotment status On October 12, investors, who bade for the IPO, may check the allotment status on the BSE website by visiting Prospective allottees would be required to click on 'Equity' and select ELECTRONICS MART INDIA LIMITED' under the 'Issue Name' tab. They would then either be required to type Application number or PAN number. Check 'I am no robot' and hit search. An alternate way would be to vist the registrar's website, which in this case is KFin Technologies. Bidders can visit They need to select the IPO and give eith...