Electronics Mart India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 29, 2022Let’s have a detailed review of the company and analytics of the Electronics Mart India IPO release date, IPO offer price, subscription, Electronics Mart India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 5,000 Million |
| Tick Size | 1 |
Electronics Mart India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Electronics Mart India Share Price |
Electronics Mart India IPO – Summary
They are the 4th largest consumer durable and electronics retailer in India and as of Financial Year 2020, they are the largest player in the Southern region in revenue terms with dominance in the states of Telangana and Andhra Pradesh. They commenced their business operations in 1980 and since then there has been a steady rise in their revenue from operations. They have been one of the fastest-growing consumer durables & electronics retailers in India with a revenue CAGR of 25.60% from Financial Year 2015 to Financial Year 2020.
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.
The Promoter of this company is PAVAN KUMAR BAJAJ AND KARAN BAJAJ. The lead manager to the issue is Anand Rathi Advisors Limited, IIFL Securities Limited, and JM Financial Limited, and the Registrar to this issue is KFin Technologies Private Limited.
Electronics Mart India IPO Date
The opening and the closing date of Electronics Mart India IPO are not available yet.
Check out Related IPO Links:
| Electronics Mart India IPO GMP |
| Allotment – Electronics Mart India IPO |
Electronics Mart India IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Electronics Mart India IPO LIVE Subscription
- Electronics Mart India IPO LIVE Bid details on BSE
- Electronics Mart India IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Electronics Mart India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Electronics Mart India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Electronics Mart India IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Electronics Mart India IPO Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.5,000 Million.
Electronics Mart India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.5,000 Million
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Electronics Mart India IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Electronics Mart India Share Price |
Electronics Mart India IPO Grey Market Premium
The Electronics Mart India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Electronics Mart India IPO – Company Overview
They have built a longstanding market presence with more than three decades of experience having commenced their business operations as a proprietary concern by setting up their first consumer durable and electronic retail store at Hyderabad.
They converted the erstwhile sole proprietorship into a partnership firm under the name of ‘M/s Bajaj Electronics’ pursuant to a partnership deed dated March 25, 2011, and subsequently converted the partnership firm into a public limited company under the Companies Act, 2013 with the name ‘Electronics Mart India Limited’.
They offer 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. Their offering includes more than 6,000 SKUs across product categories from more than 70 consumer durable and electronic brands.
Their business model is a mix of ownership and leases rental models, as they focus to secure retail spaces which ensure high visibility and easy accessibility to customers. Under the ownership model, they own the underlying property including the land and building and in the lease rental model, they enter into a long-term lease arrangement with the property owner(s). As of August 15, 2021, out of the total 99 stores, they operate, eight stores are owned, 85 stores are under the long-term lease rental model and six stores are partly owned and partly leased.
Electronics Mart India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 15,235.27 | 13,476.01 | 11,091.48 |
| *Total Revenue | 32,073.68 | 31,790.17 | 28,260.98 |
| Total Expense | 31,278.06 | 30,589.73 | 27,025.35 |
| Profit After Tax | 586.21 | 816.08 | 770.96 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 1.95 | 2.72 | 2.57 |
Further, their PAT for the period ended on 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.
Electronics Mart India IPO – Promoters
The Promoter of this company is:
- PAVAN KUMAR BAJAJ
- KARAN BAJAJ
List of Related Parties (Key Managerial Personnel)
- Pavan Kumar Bajaj, Chairman, and Managing Director
- Karan Bajaj, Chief Executive Officer, and Whole-time Director
- Astha Bajaj Executive Director & Whole-time Director
- Anil Rajendra Nath, Independent Director
- Mirza Ghulam Muhammad Baig, Independent Director
- Suman Kumar, Independent Director
Electronics Mart India IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Electronics Mart India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.5,000 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 300,003,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Electronics Mart India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding of capital expenditure for expansion and opening of stores and warehouses;
2. Funding incremental working capital requirements;
3. Repayment / prepayment, in full or part, of all or certain borrowings availed by their Company; and
4. General Corporate Purposes.
Electronics Mart India IPO – Business Strategy
- Expand reach across select geographies and deepen the footprint in their existing markets
- Enhancing sales volumes by continuing to prioritize customer satisfaction through optimal product assortment and offering value for money
- Technology-led effective inventory management & lean operating structure to maintain & improve operating efficiencies
- Maintaining & forging new relationships with leading brands across existing and new format stores thereby ensuring a wider product range
- Continuous training of manpower
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.
The relevant 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 | – |
| Mar-19 | 2.57 | 22.64 | – |
Electronics Mart India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Electronics Mart India Limited | 10 | [●] | 1.95 | 11.92 | 32,018.76 |
| Listed Peers | |||||
| Aditya Vision Limited | 10 | 46.98 | 1.95 | 43.4 | 7,479.93 |
Electronics Mart India IPO Lead Managers
| Lead Managers |
Anand Rathi Advisors Limited IIFL Securities Limited JM Financial Limited |
Electronics Mart India IPO Registrar to offer
| Registrar to the Offer |
| 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 IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Electronics Mart India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Electronics Mart India IPO Review FAQs
Ques – What is the Issue Size of Electronics Mart IPO?
Answer – 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.
Ques – What is the Price band of Electronics Mart IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Electronics Mart IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Electronics Mart IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Electronics Mart IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Electronics Mart India IPO?
Answer – 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.
Ques – Who is the Promoter of Electronics Mart IPO?
Answer – Here are the promoters of this IPO – PAVAN KUMAR BAJAJ AND KARAN BAJAJ. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Electronics Mart IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Electronics Mart India IPO good for Investment?
Answer – 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.
Ques – What is the PAT of Electronics Mart Company?
Answer – 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 2021 in Million is 586.21, 2020 is 816.08, 2019 is 770.96.
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