Electronics Mart IPO Subscription Open: The Preliminary Public Providing (IPO) of shopper durables retail chain Electronics Mart India was subscribed 1.69 occasions on the primary day of provide on Tuesday. The IPO acquired bids for 10,58,09,796 shares in opposition to 6,25,00,000 shares on provide, in response to the info out there with the NSE. The difficulty closes on Friday, October 7, 2022.
Electronics Mart IPO Subscription Standing
The class for Retail Particular person Traders (RIIs) acquired 1.98 occasions subscription, whereas that of Certified Institutional Consumers (QIBs) acquired subscribed 1.68 occasions. The portion for non-institutional buyers acquired 1.04 occasions subscription on day 1 of the difficulty.
Electronics Mart IPO Value Band
EMIL has fastened the worth band for the IPO vary of Rs 56 to Rs 59. Your complete situation could be within the type of a recent of shares aggregating to Rs 500 crore.
Electronics Mart IPO Lot Dimension
The minimal lot measurement is 254 shares. Retail buyers can apply for no less than 1 and a most of 13 tons, making up a complete of three,302 shares. On the higher vary of the worth band, one lot measurement could be price Rs 14,986.
EMIL’s efficiency within the Final Monetary Yr
In FY 2022, the corporate reported a web revenue of Rs 103.89 crore from a income of Rs 4,349 crore. For the quarter ending in June 2022, EMIL reported a web revenue of Rs 40.66 crore and Rs 1,410.25 crore in income.
Electronics Mart IPO Goal
The corporate stated that it intends to utilise the online proceeds from the IPO to fund its capital expenditure, help incremental working capital necessities and pay debt and also will be used for common company functions.
Electronics Mart IPO Allotment Course of
The ultimate allotment of shares can be introduced by October 12 with refund initialization by October 13. The credit score of allotted shares to the Demat account will start by October 14.
Electronics Mart IPO Itemizing Date
EMIL is more likely to make its debut available in the market on October. The book-running lead managers for the EMIL IPO situation are JM Monetary IIFL Securities and Anand Rathi Securities.
Electronics Mart IPO GMP Right this moment
As per market observers, Electronics Mart India shares are commanding a premium or gray market premium (GMP) of Rs 35 within the gray market at present. The corporate’s shares are anticipated to checklist on inventory exchanges on Monday, October 17, 2022.
Included in 1980, Electronics Mart India Ltd (EMIL) was based by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a shopper durables and electronics retailer underneath the identify of Bajaj Electronics. The corporate had 112 shops throughout 36 cities as of August this yr.