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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 three day initial public offering (IPO) of Electronics Mart India (EMIL) has opened for public subscription on Tuesday and will conclude on October 7, 2022, with the price band at ₹56-59 per share. The initial share sale consists of a fresh issue of equity shares aggregating to ₹500 crore, with no offer for sale (OFS) component. The company said that it intends to utilise the net proceeds from the “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 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. 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, UnlistedArena.

Bizotic Commercial Limited is in the business of manufacturing, designing, branding, and retailing men’s readymade garment. They are offering products under their brand name “URBAN UNITED”. Urban United is one of India’s fastest-growing men’s apparel brands and a premium lifestyle company in the retail sector. Urban United has ended up being a one-stop destination for men’s fashion needs. Their men’s wear product range includes Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Accessories, Ethnic Wear, and Winter Wear. They offer their products via retail stores as well as via e-commerce stores as well. Objects of the Issue: • Setting up Retail store • Repayment of loan • Working capital requirement • General Corporate Purpose, and • Meeting Public Issue Expenses. Bizotic Commercial IPO Review • Avoid Bizotic Commercial IPO Date & Price Band Details IPO Open: June 12, 2023 IPO Close: June 15, 2023 IPO Size: Approx ₹42.21 Crores, 2,412,000 Equity Shares Face Value: ₹10 Per Equity Share IPO Price Band: ₹175 Per Equity Share IPO Listing on: BSE SME Retail Quota: 50% of the net offer NII Quota: 50% of the net offer DRHP Draft Prospectus: RHP Draft Prospectus: Anchor Investors in IPO: Bizotic Commercial IPO Market Lot The Bizotic Commercial IPO minimum market lot is 800 shares with a ₹144,000 application amount. Application Lot Size Shares Amount Retail Minimum 1 800 ₹140,000 Retail Maximum 1 800 ₹140,000 S-HNI Minimum 2 1600 ₹180,000 Bizotic Commercial...

The initial public offering (IPO) of Urban Enviro Waste Management opens for subscription on Monday. The company is a general waste handling and management services provider and caters to Indian Local Bodies along with providing its services to Residential Areas, Industries, Research Institutes, Power Stations, Government & Semi Government Hospitals and Cantonment Boards few. - Issue dates: The Urban Enviro Waste Management IPO opens for public subscription on June 12 and will close on June 14. The basis of allotment of shares will be fixed on June 19 and initiation of refunds will take place on June 20. The shares will credited to the demand accounts of allottees on June 21. - Price band: The IPO has a fixed issue price of ₹100 per share. - Issue size: The total issue size of Urban Enviro Waste Management IPO is ₹11.42 crore consisting of sale of 11.42 lakh equity shares at a fixed price of ₹100 each. The face value of the shares is ₹10 each. The issue consists of a fresh issue of 9.2 lakh equity shares, aggregating to ₹9.2 crore and an - Lot size: The market lot size of Urban Enviro Waste IPO is 1,200 equity shares. - Investment amount: The minimum investment amount for retail investors for one lot of Urban Enviro Waste Management IPO is ₹120,000. - IPO Listing: The shares of Urban Enviro Waste Management will be listed on June 22 at NSE Emerge platform. - Book running lead manager: The lead manger to the issue is Pantomath Capital Advisors Private Limited. - IPO registr...

The initial public offering (IPO) of Urban Enviro Waste Management opens for subscription on Monday. The company is a general waste handling and management services provider and caters to Indian Local Bodies along with providing its services to Residential Areas, Industries, Research Institutes, Power Stations, Government & Semi Government Hospitals and Cantonment Boards few. - Issue dates: The Urban Enviro Waste Management IPO opens for public subscription on June 12 and will close on June 14. The basis of allotment of shares will be fixed on June 19 and initiation of refunds will take place on June 20. The shares will credited to the demand accounts of allottees on June 21. - Price band: The IPO has a fixed issue price of ₹100 per share. - Issue size: The total issue size of Urban Enviro Waste Management IPO is ₹11.42 crore consisting of sale of 11.42 lakh equity shares at a fixed price of ₹100 each. The face value of the shares is ₹10 each. The issue consists of a fresh issue of 9.2 lakh equity shares, aggregating to ₹9.2 crore and an - Lot size: The market lot size of Urban Enviro Waste IPO is 1,200 equity shares. - Investment amount: The minimum investment amount for retail investors for one lot of Urban Enviro Waste Management IPO is ₹120,000. - IPO Listing: The shares of Urban Enviro Waste Management will be listed on June 22 at NSE Emerge platform. - Book running lead manager: The lead manger to the issue is Pantomath Capital Advisors Private Limited. - IPO registr...

The three day initial public offering (IPO) of Electronics Mart India (EMIL) has opened for public subscription on Tuesday and will conclude on October 7, 2022, with the price band at ₹56-59 per share. The initial share sale consists of a fresh issue of equity shares aggregating to ₹500 crore, with no offer for sale (OFS) component. The company said that it intends to utilise the net proceeds from the “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 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. 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, UnlistedArena.

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...

Bizotic Commercial Limited is in the business of manufacturing, designing, branding, and retailing men’s readymade garment. They are offering products under their brand name “URBAN UNITED”. Urban United is one of India’s fastest-growing men’s apparel brands and a premium lifestyle company in the retail sector. Urban United has ended up being a one-stop destination for men’s fashion needs. Their men’s wear product range includes Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Accessories, Ethnic Wear, and Winter Wear. They offer their products via retail stores as well as via e-commerce stores as well. Objects of the Issue: • Setting up Retail store • Repayment of loan • Working capital requirement • General Corporate Purpose, and • Meeting Public Issue Expenses. Bizotic Commercial IPO Review • Avoid Bizotic Commercial IPO Date & Price Band Details IPO Open: June 12, 2023 IPO Close: June 15, 2023 IPO Size: Approx ₹42.21 Crores, 2,412,000 Equity Shares Face Value: ₹10 Per Equity Share IPO Price Band: ₹175 Per Equity Share IPO Listing on: BSE SME Retail Quota: 50% of the net offer NII Quota: 50% of the net offer DRHP Draft Prospectus: RHP Draft Prospectus: Anchor Investors in IPO: Bizotic Commercial IPO Market Lot The Bizotic Commercial IPO minimum market lot is 800 shares with a ₹144,000 application amount. Application Lot Size Shares Amount Retail Minimum 1 800 ₹140,000 Retail Maximum 1 800 ₹140,000 S-HNI Minimum 2 1600 ₹180,000 Bizotic Commercial...

The initial public offering (IPO) of Urban Enviro Waste Management opens for subscription on Monday. The company is a general waste handling and management services provider and caters to Indian Local Bodies along with providing its services to Residential Areas, Industries, Research Institutes, Power Stations, Government & Semi Government Hospitals and Cantonment Boards few. - Issue dates: The Urban Enviro Waste Management IPO opens for public subscription on June 12 and will close on June 14. The basis of allotment of shares will be fixed on June 19 and initiation of refunds will take place on June 20. The shares will credited to the demand accounts of allottees on June 21. - Price band: The IPO has a fixed issue price of ₹100 per share. - Issue size: The total issue size of Urban Enviro Waste Management IPO is ₹11.42 crore consisting of sale of 11.42 lakh equity shares at a fixed price of ₹100 each. The face value of the shares is ₹10 each. The issue consists of a fresh issue of 9.2 lakh equity shares, aggregating to ₹9.2 crore and an - Lot size: The market lot size of Urban Enviro Waste IPO is 1,200 equity shares. - Investment amount: The minimum investment amount for retail investors for one lot of Urban Enviro Waste Management IPO is ₹120,000. - IPO Listing: The shares of Urban Enviro Waste Management will be listed on June 22 at NSE Emerge platform. - Book running lead manager: The lead manger to the issue is Pantomath Capital Advisors Private Limited. - IPO registr...

The three day initial public offering (IPO) of Electronics Mart India (EMIL) has opened for public subscription on Tuesday and will conclude on October 7, 2022, with the price band at ₹56-59 per share. The initial share sale consists of a fresh issue of equity shares aggregating to ₹500 crore, with no offer for sale (OFS) component. The company said that it intends to utilise the net proceeds from the “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 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. 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, UnlistedArena.