The IPO Electronic Mart India Ltd., a top electronic retailer, will soon be making its debut on the Indian Capital Market. Electronics Mart India (EMIL), a leading electronic retailer, will launch on Tuesday October 4, and close on Friday October 7.
Electronic Mart India: Price Band
Electronics Mart India’s IPO price range has been set at Rs 56-59 per Share.
Electronic Mart India IPO Size
New equity shares will be issued at Rs 10 each. Through its initial stake sale, the company will likely raise Rs 500 crore.
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Electronic Mart India: IPO: Goal
The net proceeds of the issue will be used by the company for capital expenditures, repayment of debt, and incremental working capital needs, in addition to general corporate purposes.
Electronic Mart India: Lot Size
Electronics Mart India IPO can be subscribed to by investors who wager on a lot of 254 shares, or multiples thereof. One lot of the IPO is worth Rs 14.986 at the top price range. Retail bidders can bid on a maximum of 13 lots.
Electronic Mart India: Reserved Quota
Retail investors can only purchase a quota of 35 percent of the net offer from Electronics Mart India IPO. Qualified institutional buyers quota has been fixed at 50%, while NII quota has been set at 15%.
Electronic Mart India Infra: Company
Electronics Mart India was established in 1980 and is India’s fourth largest electronics and consumer durable retailer. It manages 112 stores in 36 cities. They have a retail area of 1.12 Million square feet.
The company offers a wide range of products, with a particular focus on small and large appliances, as well as IT (services) and mobiles. More than 6,000 stock keeping units (SKUs) are available from the company across product categories, including more than 70 electronic and consumer durable brands.
Electronic Mart India: Financials
It had reported total revenue at Rs 4.349.32 crore and a net profit at Rs 10389 crore for the fiscal year 2021-22. The company posted a net profit at Rs 40.66 crore and a revenue of Rs 1.410.25 crore for the period ending June 30, 2022.
Electronic Mart India Infra-Process & Listing
Finalization of the basis for allotment is expected by October 12, 2022. Initialization of refunds is possible by October 13. Credit of shares to the demat account will be available by October 14.
Those interested in bidding for the issue may check their subscription status online at KFin Technologies (registrar to the IPO).
Electronics Mart India will make its market debut Monday, October 17, 2022.
Electronic Mart India Infra-Private Placement: What Can Investors Do?
KR Choksey is a prominent brokerage firm that released on September 30, 2022 an IPO Research Note about Electronic Mart India Ltd. (EMIL). The report outlined the key strengths and risks of the EMIL IPO, as well as whether it is worth your subscription.
According to the brokerage, “EMIL” is a regional player within the organized consumer durables retail sector, with a focus on Andhra Pradesh and Telangana regions. EMIL will continue benefiting from increased consumption and pent-up demand in the medium term. Long-term macroeconomic trends such as rising per capita income, changing lifestyles, and changing demographics will all lead to increased penetration of consumer durables (and organized retail) in the long-term. EMIL is the fourth largest Indian organized retailer of consumer durables. The valuation seems reasonable considering the industry tailwinds, increased penetration of consumer durables and strong per-store revenue metrics. EMIL’s plans for adding more stores in NCR, reducing debt and adding new warehouses as a result of the IPO proceedings make the valuation seem reasonable. We recommend that Electronics Mart India Limited be renamed.
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