The Initial Public Offering (IPO) of Electronics Mart India Ltd (EMIL) received 7.57 times subscription on the second day of offer on Thursday, ...
From subscription status, allotment details to latest GMP, here is all you need to know.
You will be able to see the Electronics Mart IPO allotment status displayed on the screen. Once the bidding process ends, the share allotment status of the Electronics Mart IPO is expected to be finalised on October 12, 2022. And you will be able to check the status on your screen. Check out these must-haves](/mobile/news/buying-a-5g-smartphone-check-out-these-musthaves-71665065617800.html) [ Chinese newspaper questions legal policies, infrastructure for “made-in-India” Apple iPhones](/tech/news/chinese-newspaper-questions-legal-policies-infrastructure-for-made-in-india-apple-iphones-71664860328300.html) [Gaming](/gaming) [ Minecraft Mob Vote 2022 is just around the corner and THIS is what you should know](/gaming/news/minecraft-mob-vote-2022-is-just-around-the-corner-and-this-is-what-you-should-know-71665194376793.html) [ Microsoft Rivals Quizzed During EU Review of Activision Blizzard Deal](/gaming/news/microsoft-rivals-quizzed-during-eu-review-of-activision-blizzard-deal-71665134715505.html) [ Overwatch 2 Roadmap revealed! You can also click on either of the links- While on the second day the IPO received 7.57 times subscription. At last click at the 'Submit' button. The shares of the Electronics Mart India are steady at the grey market today. Try this AMAZING haptic keyboard trick now](/how-to/using-ios-16-on-your-iphone-try-this-amazing-haptic-keyboard-trick-now-71663575841181.html) [ Don’t want your iPhone 14 Pro to be Always ON? Turn it off, here are the steps](/how-to/dont-want-your-iphone-14-pro-to-be-always-on-turn-it-off-here-are-the-steps-71663423707948.html) Electronics Mart IPO: Investors have a last chance to subscribe for the initial public offering (IPO) Electronics Mart India today. According to a report by Live Mint, "As per market observers, Electronics Mart India shares' grey market premium (GMP) have remained steady at Rs.
It got bids for 47.29 crore shares against 6.25 crore shares on offer, according to NSE data. The category for non-institutional investors was subscribed 11.74 ...
Electronics Mart India (EMIL) is the fourth largest and one of the fastest growing consumer durables and electronics retailers in India. Shares of the company will list on both BSE and NSE. As of August 31, 2022, out of 112 stores, 100 are multi brand outlets (MBOs) and 12 are exclusive brand outlets (EBOs). The company registered a healthy revenue CAGR of 17.9 per cent in FY16-21. [India](https://www.news18.com/india/) [IPO](https://www.news18.com/topics/ipo/) Last Day to Subscribe: The initial public offering (IPO) of Electronics Mart India (EMIL) continued to draw a solid response from investors on the second day of its bidding process. The company is selling its shares in the range of Rs 56-59 apiece to raise Rs 500 crore via its initial stake sale.
In the grey market, Electronics Mart India shares were trading with Rs 36 per share premium, according to the people who deal in unlisted shares of the ...
“Each of the aforementioned organised retailers of electronics has an established presence in the markets they operate and in some cases across India and each is continuing to open additional stores,” it added. Analysts at Nirmal Bang said that being the 4th largest consumer durable and electronics retailer in India and the largest in South India, Electronics Mart India enjoys favorable terms of pricing/margins from brands due to its scale – this is a key advantage. Hence, we recommend subscribing to the issue for listing gains and long term,” it added. EMI has demonstrated superior performance among all major consumer durable and electronics retailers in India in terms of growth with revenue CAGR of 26% over FY15-20 (pre-covid) and also managed to deliver respectable ROE of 17.4% during the covid impacted year of FY22. The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore, with no offer for sale component. The IPO received bids for 21,05,78,192 shares against 6,25,00,000 shares on offer, according to the data available with the NSE.
According to market analysts, Electronics Mart India initial public offering (IPO) shares could make a positive debut on the public bourses.
Electronics Mart India listing is going to happen on October 17, 2022. According to market analysts, Electronics Mart India initial public offering (IPO) shares could make a positive debut on the public bourses. Price range for the offer is Rs 56-59 a share.
The quota reserved for qualified institutional buyers (QIBs) was subscribed 16.50 times while that of retail individual investors (RIIs) attracted 10.31 ...
As on August 31, it had 112 stores across 36 cities with a retail business area of 1.12 million square feet. The Rs 500 crore IPO, which is being sold in the Rs 56-59 price band, will conclude today. "Given that the company makes upfront payment to suppliers coupled with superior growth prospects, Electronics Mart’s higher working capital requirements would restrict FCF generation in the next two years. The brokerage is expecting the company to report a revenue CAGR of 19.4 per cent, Ebitda CAGR of 22.1 per cent and PAT CAGR of 22.9 per cent over FY22-25E. "With strong potential for revenue growth and scope for further improvement in profitability, we recommend a subscribe rating for a target price of Rs 201 (40.1 times FY25 PE) for long-term gains," it said. The initial public offer (IPO) by Electronics Mart India continued to attract strong investor demand, with the issue attracting 13.56 times subscription by 12.30 pm, on the last day of the bidding process.