Electronics Mart India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Electronics Mart IPO is ready to open on October 4 and will remain till October 7. The company is among the top consumer durable and electronics retailers in India. They set up their business decades ago and have grown supremely during its course.
Let’s go through the details of this upcoming IPO in the Electronics Mart IPO Review and study its prospects in detail for the company as well as for the investors.
We will acknowledge the IPO dates, objectives, the operations of the company, and its growth plans for the forthcoming span.
| Face Value | Rs. 10 |
| Price Band | Rs.56 to Rs.59 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 254 Shares |
| Listing Date | Oct 17, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs.500.00 Crore |
| IPO Size | Rs.500.00 Crore |
| Tick Size | 1 |
Electronics Mart India IPO Overview
The sailor of numerous reputed and adored brands in India, Electronics Mart India, is putting forward its all Fresh Issue IPO to raise funds aggregating up to Rs. 500 crores. The Draft papers for the IPO were filed in September 2021, and now, as the company has received the approval, we will be proceeding with the public offer.
The Electronics Mart India IPO is purely a Fresh Issue of Equity Shares, and the promoters are not looking to bring their shareholding down.
Electronics Mart India IPO Important Dates
| Events | Date |
| IPO Opening Date | Oct 4, 2022 |
| IPO Closing Date | Oct 7, 2022 |
| Basis of Allotment Finalization | Oct 12, 2022 |
| Refunds Initiation | Oct 13, 2022 |
| Credit of Shares to Demat Account | Oct 14, 2022 |
| Share Listing Date | Oct 17, 2022 |
At the beginning of the 10th month of 2022, Electronics Mart will be going public, inviting bids from willing investors to bid in the IPO. The IPO will open on October 4 and end on October 7.
The company recently unveiled Electronics Mart IPO Dates in order to make the prospective shareholder aware. The company is aiming to mop funds of up to Rs. 500 crores to fulfill the objectives of the offered IPO.
Electronics Mart India IPO Price, Size, Share Offerings
| Face Value | Rs. 10 |
| Price Band | Rs. 56 – Rs. 59 |
| Offer for Sale | – |
| Fresh Issue | Rs.500.00 Crore |
| IPO Size | Rs.500.00 Crore |
The current number of shares of Electronics Mart stands at 300,003,000 Equity Shares. Post the public listing; the capital structure will be changed slightly. The Electronics Mart IPO Size will be determined after they receive all the bids and the Electronics Mart IPO Price has been discovered.
The fair value of the Electronics Mart equity shares is Rs. 10 each. The IPO is a Book Built Offer, and its price will be determined after the bidding.
Electronics Mart India IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 17th Oct 2022 | Rs. 30 | Rs. 400 | Rs. 4000 |
| 15th Oct 2022 | Rs. 30 | Rs. 400 | Rs. 4000 |
| 14th Oct 2022 | Rs. 25 | Rs. 400 | Rs. 4000 |
| 13th Oct 2022 | Rs. 25 | Rs. 400 | Rs. 4000 |
| 12th Oct 2022 | Rs. 35 | Rs. 400 | Rs. 4000 |
| 11th Oct 2022 | Rs. 30 | Rs. 400 | Rs. 4000 |
| 10th Oct 2022 | Rs. 30 | Rs. 400 | Rs. 4000 |
The wait for the Electronics Mart IPO GMP will come to an end soon as the company has finally revealed the IPO dates. We are very close to the opening dates of the IPO, and the stir in the market will be visible in no time.
The GMP for every day will be updated in the table given above, from where you will get a closer look at the direction of the share price.
If you are looking to invest in this mammoth company, then this is a good opportunity. Check out the latest GMP updates and bid at the most effective price.
Electronics Mart India IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 4th Oct | 1.68x | 1.04x | 1.98x | 1.69x |
| 2nd Day – 6th Oct | 4.01x | 11.74x | 7.81x | 7.57x |
| 3rd Day – 7th Oct | 169.54x | 63.59x | 19.71x | 71.93x |
| Shares Offered or Net Issue | 17,857,142 | 13,392,858 | 31,250,000 | 62,500,000 |
The Electronics Mart IPO, which is set to open one day prior to Dusshera, i.e., on October 4, should expect a high buzz on the subscription chart. The company has been present for decades and has clocked quite a few statements through its advanced innovations.
Electronics Mart IPO Subscription will raise about Rs. 500 crores by way of fresh issue, and the reservations for this IPO stand something like – not more than 50% will be reserved for the Qualified Institutional Buyers (QIBs), about 15% will be allocated to Non-Institutional Buyers, and the remaining 35% will be open for the Retail Investors to bid on.
The Lead Managers of the issue are:
-
Anand Rathi Advisors Limited
-
IIFL Securities Limited
-
JM Financial Limited
The details in respect of the price band and subscription will be made available in a short time.
Electronics Mart India IPO Allotment Status
As per the Red Herring Prospectus of Electronics Mart IPO, the Electronics Mart IPO Allotment that closes on October 7 will be executed on October 12, 2022. And taking it further, the equity shares offered in the IPO will be credited in the Demat Accounts of the successful bidders on October 14, 2022.
The company will be listing its securities on the mainboard exchanges, NSE and BSE, on October 17, 2022.
Electronics Mart India IPO Live Performance
Fill out the information related to Electronics Mart IPO Price with just one click. Here, you will find all details of the share price and its related factors, Invest in the shares at the moment and yield a good income over time.
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Latest Electronics Mart India IPO News
As we hear, the Electronics Mart IPO is about to hit the market on October 4. Electronics Mart India Limited is the originator of numerous dependable consumer durable brands and has offered ample elements of solutions for daily life.
The Electronics Mart IPO is a Fresh Issue and does not contain any element of an Offer for Sale by the existing shareholders.
Electronics Mart India – Company Review
The largest electronics retailer in South India and the 4th largest consumer durable and electronics retailer in India, Electronics Mart India Limited has gained it all with its hard exertions and dedication over the decades.
The establishment of this powerhouse can be tracked back to 1980, which is over four long decades from now. Spent this much time in varied industries, the company has come up with exemplary solutions and inventions which suit the requirements of our everyday needs.
Electronics Mart India today has established more than 70 brands and operates from a channel of over 105 stores located across the country.
Products or Services
Whether it is home appliances, kitchen appliances, Apple phones, Home cinema, or Home automation, Electronics Mart India is everywhere. You can find televisions to mixer grinders in their stores under one roof.
The product variety just does not end anywhere. At the Electronics Mart India stores, you are offered a world suited for every household-related requirement.
Promoters and Holding
The founders of the Gurugram based company, Electronics Mart India are Pavan Kumar Bajaj, Karan Bajaj The company is professionally managed and does not have any identifiable promoters. The management of Electronics Mart India comprises of the following:
- Pavan Kumar Bajaj, in the position of Chairman and Managing Director
- Karan Bajaj, in the position of Chief Executive Officer and Whole-time Director
- Astha Bajaj, in the position of Executive Director & Whole-time Director
- Anil Rajendra Nath, in the position of Independent Director
- Mirza Ghulam Muhammad Baig, in the position of Independent Director
- Jyotsna Angara, in the position of Independent Director
- Premchand Devarakonda, in the position of Chief Financial Officer
- Rajiv Kumar, in the position of Company Secretary and Compliance Officer
- Annapurna Devi Kuchibhatla, in the position of Chief Technical Officer
Is Electronics Mart India good for Investment?
Electronics Mart India started the journey decades ago with its first consumer durable and electronic retail store at Hyderabad. Today, the company has established over 70 brands and is flourishing every day. Their products are widely used in households. One can find almost every household related products in the stores which bears the topmost quality and innovations.
Technology and innovation are friends of the entity and is has attained immense growth by applying them in the right direction.
Every household will easily find at least one or two products designed by Electronics Mart India in their home.
Electronics Mart India Financial Statements
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 15,235.27 | 13,476.01 | 11,091.48 |
| Revenue | 32,073.68 | 31,790.17 | 28,260.98 |
| Expense | 31,278.06 | 30,589.73 | 27,025.35 |
| Profit After Tax | 586.21 | 816.08 | 770.96 |
They have consistently demonstrated profitability with a robust operating performance. EMIL has the highest EBITDA margins in Financial Year 2020 amongst its peers. Even when the nation was grappling with the COVID-19 pandemic and a nationwide lockdown,
Their Company was able to achieve operating revenue of Rs 32,018.76 million in Financial Year 2021 and surpassed its last reported operating revenue of Rs 31,724.77 million in Financial Year 2020, representing 0.93%, year-on-year growth.
With a certain degree of fluctuations in the figures, Electronics mart India has maintained a profitable status in the market. Its profit after tax for the year 2021 stand at Rs, 586.21 million with an engrossing level of revenue every year.
| Earnings per Equity Share (in Million) | |||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1.95 | 2.72 | 2.57 |
In the time where companies were unable to hold up a positive financial results, Elerctronics Mart India hailed high with its financial stability. The company was able to keep its EPS out of the dark shadows too. The EPS as of March 2021 stood at Rs. 1.95.
Electronics Mart India IPO Review
Electronics Mart India Limited is a thriving entity engaged in the manufacturing of a bundle of products. They have made spectacular growth in the years of their operations and stands tall as the 4th largest consumer durable and electronics retailer in India.
They have brought to life many distinctly known brands in the market and offers to cater daily requirements of households.
The Electronics Mart India IPO is entirely a Fresh Issue of Equity Shares. The company has a stronghold in the market and has a remarkable presence. The promoters and other shareholders stand strong with the company and do not wish to lower their holding in the company through the IPO.
The company IPO will lead the company towards new avenues in its operations with growth and further expansion. And the IPO can be expected to be a success for the company as well for the investors.
Electronics Mart India IPO Details
Here are few more details you need to know before investing in Electronics Mart India IPO –
Electronics Mart India IPO Issue Object
Electronics Mart India has proposed diverse objectives for making the IPO offer and some of the objectives are:
- 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 their Company;
- General Corporate Purposes.
Electronics Mart India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- The Company is the 4th largest consumer durable and electronics retailer in India with a leadership position in South India. The Company’s scale of operations along with its long-standing relationship with leading consumer brands enables them to procure products at competitive rates.
- The Company is one of the fastest-growing consumer durable and electronics retailers with a consistent track record of growth and industry-leading profitability.
- The Company’s market presence and geographic reach with cluster-based expansion.
- The Company’s business model provides operational flexibility to create long term sustainable footprint.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 1.95 | 11.92 | 16.40 |
| 31-Mar-20 | 2.72 | 18.84 | – |
| 31-Mar-19 | 2.57 | 22.64 | – |
Electronics Mart India IPO Lead Managers
Here are the list of Lead managers –
-
Anand Rathi Advisors Limited
-
IIFL Securities Limited
-
JM Financial Limited
Electronics Mart India IPO Registrar to offer
Check out the details of the registrar here –
KFin Technologies Private Limited
(Formerly known as Karvy Fintech Private Limited)
Selenium Tower-B, Plot 31 & 32,
Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: emi.ipo@kfintech.co
Investor Grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI Registration No.: INR000000221
Electronics Mart India IPO – Other Details
- Statutory Auditor – Walker Chandiok & Co LLP, Chartered Accountants
- Legal Counsel to the Company – AZB & Partners
- Bankers to the Company – HDFC Bank Limited
Electronics Mart India IPO – Conclusion
Electronics India Mart has focus on satisfying a large group of population with its everyday usable appliances, products, and solutions. The company has a standing of decades in different segments. Their wide products offering range includes home and kitchen appliances, mobiles, IT, etc.
They deliver their products through the 99 stores located across different parts of the countries. This offers the customers, the leverage to choose a variety of products under one roof.
The Electronics Mart India IPO will hit the market on 4th of October. The IPO is a fresh issue and possibly a fair opportunity for the investors and admirers of this well-established company. The company is planning to execute its expansion plans with the proceeds of the IPO and will pave new path for the endeavors.
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Electronics Mart India IPO Review FAQs
Check out the FAQs on Electronics Mart India IPO –
What is the Issue Size of Electronics Mart India IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Electronics Mart India IPO?
The price band for this particular IPO ranges between Rs.56 to Rs.59. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Electronics Mart India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Oct 4, 2022, while the closing date is set at Oct 7, 2022.
What is the Electronics Mart India IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on Oct 12, 2022, refund initiation is on Oct 13, 2022, credit of shares is on Oct 14, 2022, and share listing date is on Oct 17, 2022.
What is the Electronics Mart India IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 17, 2022. The date, when the listing would be done, is stagnant on Oct 17, 2022.
Who is the Registrar of Electronics Mart India IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Electronics Mart India IPO?
Here are the promoters of this IPO – Pavan Kumar Bajaj and Karan Baja PROFESSIONALLY MANAGED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Electronics Mart India IPO?
They have obtained the GMP of this IPO and it is Rs. 30. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Electronics Mart India IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Electronics Mart India Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 586.21 Million, Rs. 816.08 Million, and Rs. 770.96 Million respectively.
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