Gmp of electronics mart

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...

Electronics Mart Electronics Mart India IPO: Subscription Status The IPO received 7.57 times subscription on the second day of offer. It got bids for 47.29 crore shares against 6.25 crore shares on offer, according to NSE data. The category for non-institutional investors was subscribed 11.74 times, while the portion for Retail Individual Investors (RIIs) attracted 7.81 times subscription. Qualified Institutional Buyers (QIBs) category received 4.01 times subscription. 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 on the back of valuations, growth prospects and dominance in the market. However, a few have raised concerns over dependence on major brands and online competition. Considering the FY22 and FY23 annualized EPS of Rs 2.70 and Rs 4.23, respectively on a post-issue basis, the company is going to list at a P/E of 21.85x and 13.96x with a market cap of Rs2,270 crore while its peer namely Aditya Vision is trading at a P/E of 32.7x, said Marwadi Financial Services. Electronics Mart India IPO: GMP Today As per market observers, Electronics Mart India shares’ grey market premium (GMP) have remained steady at ₹34 in the grey market today. The company’s shares are expected to list on the ...

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 reasonable levels. Th...

Electronics Mart IPO: Investors have a last chance to subscribe for the initial public offering (IPO) Electronics Mart India today. It can be known that Electronics Mart IPO opened for subscription on October 4, 2022 and will close today, October 7, 2022. On the second day of the bidding process, the issue received 7.57 times subscription. The shares of the Electronics Mart India are steady at the grey market today. According to a report by Live Mint, "As per market observers, Electronics Mart India shares' grey market premium (GMP) have remained steady at Rs. 34 in the grey market today." 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 IPO: Check share allotment status online via BSE 1. Visit the official website of BSE or click on the direct link given here— https://www.bseindia.com/investors/appli_check.aspx. 2. Select Electronics Mart IPO in the menu, available only after the finalisation of the share allotment status. 3. Enter your application number allotted for Electronics Mart IPO. 4. Then enter your Permanent Account Numb...

• • • • Electronics Mart IPO Allotment Today: Here’s how to check your status online Electronics Mart IPO Allotment Today: Here’s how to check your status online Electronics Mart IPO, Check Price, GMP, Status: The shares of consumer durables retail chain Electronics Mart India will get allotted to investors on Wednesday, October 12. Here is how to check if you have been allotted the shares. Electronics Mart IPO Allotment Status: The initial public offering (IPO) of consumer durables retail chain Electronics Mart India was subscribed 71.93 times over the 6.25 crore shares that were on offer during the subscription period from October 4-7, 2022. The price band was fixed at Rs 56-59 per share. The IPO was fully subscribed on the first day of opening last Tuesday. Electronics Mart IPO received bids of over 449.54 crore (4,49,54,04,268) shares against the total issue size of over 6.25 crore (6,25,00,000) shares, data available with the BSE showed. The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 169.54 times, while those of non institutional investors was subscribed 63.59 times and that of retail individual investors (RIIs) was subscribed 19.72 times, the The Electronics Mart India (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. Its multi-brand outlets operate under the brand name Bajaj Electronics other than two s...

Electronics Mart India Limited Is India’s fourth largest consumer durable and electronics store, and as of Financial Year 2020, they are the top revenue player in the Southern region, with strongholds in Telangana and Andhra Pradesh. Electronics Mart IPO will hit the stock market in 04 October 2022. Table of Contents • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • About Electronics Mart They started Electronics Mart India Limited activities in 1980, and their income from operations has steadily increased since then. With a revenue CAGR of 25.60 percent from Financial Year 2015 to Financial Year 2020, they have been one among India’s leading consumer durable and electronics retailers (Source: CRISIL Report). With a strong operating performance, they have continuously proven profitability. EMIL has the greatest EBITDA margins among its rivals in Fiscal Year 2020. (Source: CRISIL Report). Even though the country was dealing with the COVID-19 epidemic and a countrywide lockdown in Financial Year 2021, their Company was able to generate operational revenue of 32,018.76 million. Footprints and Products Their Company has 99 shops across 31 cities / urban agglomerates as of August 15, 2021, with a retail business area of 0.99 million sq. ft. More than 6,000 SKUs from more than 70 consumer durable and electrical brands are available in their portfolio. They began their business operations as a private concern by opening our first consumer durable and electro...