
Electronics Mart India Limited
Mainboard₹14,986 / 254 Shares
Electronics Mart India Limited IPO Details
The Electronics Mart India Limited IPO price band is set between ₹56-59 per equity share, with a face value of ₹10 per share. The issue is managed by KFin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 4 Oct, 2022 and closes on 7 Oct, 2022. Investors can check the allotment status on 13 Oct, 2022, while the listing date is tentatively scheduled for 17 Oct, 2022.
The total issue size is Approx 500 crores, aggregating up to . Stay tuned for the latest Electronics Mart India Limited IPO review and GMP updates.
Electronics Mart India Limited IPO Review, Rating & Analysis
Electronics Mart India Limited IPO Review
NO REVIEWElectronics Mart India Limited IPO Rating
Electronics Mart India Limited IPO Highlights
IPO Date
Oct 4, 2022 - Oct 7, 2022
Listing Date
17 Oct, 2022
Face Value
₹10 Per Equity Share
Price Band
₹56-59 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Electronics Mart India Limited IPO Lot Size
The minimum market lot for Electronics Mart India Limited IPO is 254 shares with an application amount of ₹14,986. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 254 | ₹14,986 |
| Retail (Max) | 13 | 3302 | ₹1,94,818 |
| S-HNI (Min) | 14 | 3556 | ₹2,09,804 |
| S-HNI (Max) | 66 | 16764 | ₹9,89,076 |
| B-HNI (Min) | 67 | 17018 | ₹10,04,062 |
Electronics Mart India Limited IPO Timeline
Issue Price
₹56-59 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFin Technologies LimitedLead Manager
Anand Rathi Securities Limited ,IIFL Securities Ltd ,JM Financial Consultants Private LimitedIssue Size
Approx 500 croresElectronics Mart India Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 1824.74 | 4353.07 | 103.89 | - | - | - |
| 31 Mar 21 | 1523.53 | 3207.37 | 58.62 | - | - | - |
| 31 Mar 20 | 1347.6 | 3179.02 | 81.61 | - | - | - |
| 31 Mar 19 | 1109.15 | 2826.1 | 77.1 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Pavan Kumar Bajaj
- Karan Bajaj
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 77.97% |
About Company
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 Pradesh and Telangana regions. The revenue from the wholesale channel was Rs. 530.53 million, Rs. 505.22 million and Rs. 465.81 million for Financial Year 2021, 2020 and 2019, respectively.
E-Commerce : The e-commerce website currently functions as a catalogue for the products that company retail at stores. The revenue from the e-commerce channel was Rs. 444.57 million, Rs. 280.11 million and Rs. 212.75 million for Financial Year 2021, 2020 and 2019, respectively.
Electronics Mart India Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 17,857,142 | 13,392,858 8,928,572 4,464,286 | 31,250,000 | 62,500,000 |
Day 1 -04-10-22 05:00 PM | 1.68 x | 1.04 0.92 x 1.28 x | 1.98 x | 1.69 x |
Day 2 -06-10-22 05:00 PM | 4.01 x | 11.74 10.99 x 13.25 x | 7.81 x | 7.57 x |
Day 3 -07-10-22 05:00 PM | 169.54 x | 63.59 66.18 x 58.42 x | 19.71 x | 71.93 x |
Frequently Asked Questions about Electronics Mart India Limited IPO
When will Electronics Mart India Limited IPO open for subscription?
The Electronics Mart India Limited IPO opens on 4 Oct, 2022 and closes on 7 Oct, 2022.
What is the investors portion for Electronics Mart India Limited IPO?
The investors' portion for QIB is 169.54 x, NII is 66.18 x, and Retail is 19.71 x.
How to apply for Electronics Mart India Limited IPO?
You can apply for Electronics Mart India Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Electronics Mart India Limited IPO?
The issue size of Electronics Mart India Limited IPO is approx ₹Approx 500 crores crores.
What is the price band of Electronics Mart India Limited IPO?
The price band for Electronics Mart India Limited IPO is ₹56 to ₹59 per equity share.
What is the lot size of Electronics Mart India Limited IPO?
The minimum bid (lot size) for Electronics Mart India Limited IPO is N/A shares with an investment of approx ₹14,986 .
What is the allotment date of Electronics Mart India Limited IPO?
The allotment date for Electronics Mart India Limited IPO is 13 Oct, 2022.
What is the listing date of Electronics Mart India Limited IPO?
The listing date for Electronics Mart India Limited IPO is expected to be 17 Oct, 2022.
What is the GMP of Electronics Mart India Limited IPO?
The latest Grey Market Premium (GMP) for Electronics Mart India Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
