Elara Securities said Electronics Mart India may continue to grow at a healthy pace in terms of store expansion, especially in North India.
RECOMMENDED Considering all the positive factors, we believe this valuation is at reasonable levels. We recommend subscribing to the issue," Nirmal Bang said. For FY22, the consumer durables retailer reported a 75 per cent growth adjusted PAT at Rs 104 crore on a 36 per cent rise in net revenues at Rs 4,349 crore, thanks to a low base. It reported a de-growth of 29 per cent in FY21 profit at Rs 80 crore on a 1 per cent rise in sales at Rs 3,202 crore. At the upper price band, the company would command a market capitalisation OF Rs 2,270 crore. Ebitda and PAT margins are anticipated at 6.6 per cent and 2.3 per cent, respectively, in FY24E. In our view, the IPO is priced attractively and we thus recommend a Subscribe," Elara said. While stiff competition from online retailers, high geographic concentration and dependence on limited number of brands are seen as key risks, the fourth largest durables retailer has performed well so far, said analysts who find the asking valuations attractive. The Rs 500-crore initial public offer (IPO) by Electronics Mart India opened for subscription on Tuesday.
अगर आप भी लम्बे समय से किसी आईपीओ पर दांव लगाने की योजना बना रहे थे तो आज एक सुनहरा मौका ...
The three day initial public offering (IPO) of Electronics Mart India (EMIL) has opened for public subscription on Tuesday and will conclude on October 7, ...
Electronics Mart India Ltd IPO: इलेक्ट्रॉनिक्स मार्ट इंडिया के आईपीओ में 50 फीसदी हिस्सा ...
Electronics Mart IPO: The electronics retailer is planning to raise Rs 500 crore through its public issue. The price band for the offer is Rs 56-59 a share.
The price band for the initial public offering of the Hyderabad-based consumer durables retail chain is ₹56-₹59/share.The company plans to raise ₹500 ...
The IPO is valued at 21.8 times FY22 earnings and less than one times sales. There are no comparable listed peers. Retailers in other consumer segments ...
इलेक्ट्रोनिक्स मार्ट इंडिया (Electronics Mart IPO) आईपीओ के अनलिस्टेड शेयर ग्रे मार्केट में ...
Repayment or prepayment of all or certain borrowings availed by the company. General corporate purposes. Electronics Mart India IPO: About Electronics Mart ...
The grey market premium (GMP) on Elecrtonics Mart India's (EMI's) shares was Rs 30-35 apiece, translating into a listing pop of up to 59 per cent.
On Monday, Electronics Mart India allotted 2,54,23,728 equity shares to 20 anchor investors for Rs 59 apiece, aggregating to about Rs 150 crore, the company said. ... New Delhi: The Rs 500-crore initial public offering (IPO) of Electronics Mart India (EMIL) ...
Electronics Mart India IPO received bids for 2,20,26626 shares against the total issue size of 6,25,00000 shares, NSE data on consolidated bids showed.
In our view, the IPO is priced attractively and we thus recommend a Subscribe," Elara said. We recommend subscribing to the issue," Nirmal Bang said. Subsequently, return ratio RoE is expected to decline 526 bps to 12.2 per cent & RoIC to improve 308 bps to 22.2 per cent respectively by FY25," it said. Electronics Mart India's Rs 500-crore initial public offer (IPO) received a strong demand on Tuesday, especially from retail investors, with bids touching 35 per cent of the issue size within the first two hours of Day 1 bidding process. By 11.48 am, retail individual investors(RIIs) had bade for 1,99,33,920 shares, which was 64 per cent of 3,12,50,000 shares reserved for the category. The premium hinted at a healthy listing gain ahead.
Electronics Mart IPO आनंद राठी एडवाइजर्स आईआईएफएल सिक्योरिटीज और जेएम फाइनेंशियल ...
इलेक्ट्रॉनिक्स मार्ट इंडिया लिमिटेड (EMIL) की स्थापना पवन कुमार बजाज और करण बजाज ने बजाज इलेक्ट्रॉनिक्स के नाम से कंज्यूमर ड्यूरेबल्स और इलेक्ट्रॉनिक्स स्टोर के रूप में की थी। इस साल अगस्त तक कंपनी के 36 शहरों में 112 स्टोर थे। इसके मल्टी-ब्रांड आउटलेट बजाज इलेक्ट्रॉनिक्स ब्रांड के तहत काम करते हैं। कंज्यूमर ड्यूरेबल्स रिटेल चेन इलेक्ट्रॉनिक्स मार्ट इंडिया का आईपीओ 7 अक्टूबर तक सब्सक्रिप्शन के लिए खुला रहेगा। इसका प्राइस बैंड 56-59 रुपये प्रति शेयर है। इलेक्ट्रॉनिक्स मार्ट इंडिया आईपीओ के अलॉटमेंट की स्थिति 12 अक्टूबर को घोषित की जाएगी, जबकि लिस्टिंग 17 अक्टूबर को एनएसई और बीएसई पर होगी। नई दिल्ली, बिजनेस डेस्क। Electronics Mart IPO: इलेक्ट्रॉनिक्स मार्ट इंडिया (ईएमआई) का पहला इश्यू आज 4 अक्टूबर को सार्वजनिक बोली के लिए खुल रहा है। इस आईपीओ के लिए बोली 7 अक्टूबर तक चलेगी। कंपनी को इस आईपीओ से 500 करोड़ रुपये जुटाने का अनुमान है। बाजार के विश्लेषक इसे लेकर काफी सकारात्मक हैं।
Electronics Mart India IPO opens today for subscription till October 7. The consumer durables retail chain firm has fixed a price band of Rs 56-59 a share ...
Its multi-brand outlets operate under the brand name Bajaj Electronics other than two specialised stores under the name 'Kitchen Stories', catering to kitchen specific-requirements and one specialised store format under the name 'Audio & Beyond', focusing on high-end home audio and home automation solutions. Karan Bajaj, CEO, Electronics Mart India said, "Electronics Mart India plans to open 58-60 stores in the next 2-3 years." [ZeeBiz WebTeam](/authors/zeebiz-webteam-120) The company is working to tap into the premium phone market by introducing the newly launched phones in their retail stores to compete with the online e-commerce platforms. It operates across three channels -- retail, wholesale and e-commerce. The subscription will close on October 7. Electronics Mart India IPO opens today for subscription till October 7. [Latest Business News](https://www.zeebiz.com), [Stock Market](https://www.zeebiz.com/india/markets) Updates and [Videos](https://www.zeebiz.com/videos); Check your tax outgo through [Income Tax Calculator](https://www.zeebiz.com/personal-finance/income-tax-calculator) and save money through our [Personal Finance](https://www.zeebiz.com/personal-finance) coverage. "Customers still visit stores for premium products to understand it and we try to provide them the best experience for their satisfaction. "We also plan to expand in Andhra, Telangana region and the Tier-II cities," added Bajaj. Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of Bajaj Electronics. Electronics Mart India IPO: Electronics Mart India IPO (initial public offering), one of India's largest consumer durables and electronics retailers, opened today for subscription with a fixed price band of Rs 56-59 a share for its Rs 500 crore public offer.
Brokerages remain positive on the issue amid reasonable valuations, growth prospects and dominance in the markets. However, a few have raised concerns over ...
[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). "We believe the IPO is attractively priced with decent growth expectations." Also, it is available at discounted valuation as compared to its peer," it said. The quota for qualified institutional investors was not off the mark yet. The issue, which kicked off for subscription on Tuesday, October 4, can be subscribed till Friday, October 7. However, a few have raised concerns over dependence on major brands and online competition.
Electronics Mart India IPO: The company is planning to raise Rs 500 crore through the IPO and 50 per cent of the issue is reserved for qualified ...
Electronics Mart India Limited is the 4th largest consumer durable and electronics retailer in India. Electronics Mart India is planning to raise Rs 500 crore from the IPO and it has fixed price band of Rs 56-59 per share. The company has fixed price band of Rs 56-59 per share in the IPO and retail investor can bid for minimum one lot of 254 shares up to maximum on 13 lots.
Electronics Mart India IPO opened for subscription on October 4 and will close on October 7, 2022. The company has fixed a price band of Rs 56-59 a share ...
The third-party service providers that generate these cookies, such as, social media platforms, have their own privacy policies, and may use their cookies to target advertisement to you on other websites, based on your visit to our sites. These cookies collect information about your activities on our sites as well as other sites to provide you targeted advertising. However, this will not prevent the sites from placing further cookies on your device unless and until you adjust your Internet browser setting as described above. If you subscribe to a newsletter or otherwise register with the Sites, these cookies may be correlated to you. Without these essential cookies we may not be able to provide certain services or features and our site will not perform as smoothly for you as we would like. We use persistent cookies to improve your experience of using the sites. However, if you select this setting you may be unable to access certain parts of the sites. Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively "devices") that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. These third-party service providers use persistent Cookies to help us improve user experience, manage our site content, and analyse how users navigate and utilize the sites. A cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree. Likewise, if you share any content on this website through social networks (for example by clicking a Facebook “like” button or a “Tweet” button) you may be sent cookies from these websites. zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use.
Electronics Mart India IPO: कंज्यूमर ड्यूरेबल्स रिटेल चेन फर्म का प्राइस बैंड 56-59 रुपये प्रति शेयर ...
इलेक्ट्रॉनिक्स मार्ट इंडिया आईपीओ का प्राइस बैंड 56-59 रुपये प्रति शेयर है. IPO का लॉट साइज ...
The Hyderabad-based consumer durables retail chain has been subscribed 1.69 times on the first day of the IPO subscription process.
Analysts at Angel One broking firm have recommended subscribing to the IPO. It has fixed a price band of ₹56 to ₹59 a share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. People may choose to opt for only essential items and do away with discretionary products like the ones they offer, it said. Covid restrictions hurt its EBITDA margin in FY21, which slipped to 6.4%, from 7.2% a year earlier. Thus, we recommend a ‘subscribe’ rating on the issue,” Angel One said in a report. Considering all the positive factors, we believe this valuation is at reasonable levels. It operates across three channels – retail, wholesale and e-commerce. The company offers product categories from more than 70 consumer durable and electronic brands. The company plans to raise ₹500 crore through fresh issue of shares through the IPO. - The company plans to raise ₹500 crore through fresh issue of shares through the IPO. Advertisement
Electronics Mart India IPO subscription status: हले दिन आईपीओ 1.69 गुना सब्सक्राइब हुआ. आईपीओ को 6,25,00000 शेयरों ...
lectronics Mart IPO Opens Today: What are Electronics Mart IPO dates? Price, Financials, GMP, Should you Invest, Electronics Mart India IPO issue size: How ...