Electronics Mart India Limited
- IPO Date04 Oct, 2022 to 07 Oct, 2022
- Listing Date17 Oct, 2022
- Face Value₹10 per share
- Issue Price₹56 to ₹59 per share
- Lot Size254 Shares
- Minimum Investment₹14,986
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
07 Oct, 2022
Initiation of Refunds
14 Oct, 2022
Listing Date
17 Oct, 2022
04 Oct, 2022
Opening Date
12 Oct, 2022
Basis of Allotment
14 Oct, 2022
Credit of Shares
Electronics Mart India Limited Lot Size
Investors can bid for a minimum of 254 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 254 | ₹14,986 |
| Retail (Max) | 13 | 3302 | ₹1,94,818 |
| S-HNI (Min) | 14 | 3556 | ₹2,09,804 |
| S-HNI (Max) | 66 | 16764 | ₹9,89,076 |
| B-HNI (Min) | 67 | 17018 | ₹10,04,062 |
Electronics Mart India Limited Promoter Holding
Pavan Kumar Bajaj and Karan Baja are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 77.97% |
Electronics Mart India Limited COMPANY INFORMATION
Electronics Mart India IPO is a book built issue of Rs 500.00 crores. Electronics Mart India IPO bidding started from October 4, 2022 and ended on October 7, 2022. The allotment for Electronics Mart India IPO was finalized on Wednesday, October 12, 2022. The shares got listed on BSE, NSE on October 17, 2022. Electronics Mart India IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 254 Shares. The minimum amount of investment required by retail investors is ₹14,986. The minimum lot size investment for sNII is 14 lots (3,556 shares), amounting to ₹209,804, and for bNII, it is 67 lots (17,018 shares), amounting to ₹1,004,062. Anand Rathi Securities Limited, Iifl Securities Ltd and Jm Financial Limited are the book running lead managers of the Electronics Mart India IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Electronics Mart India IPO RHP for detailed information.
Incorporated in 1980, Electronics Mart India Limited is the 4th largest consumer durable and electronics retailer in India. The company offers 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. The company's offering includes more than 6,000 SKUs (stock keeping units) across product categories from more than 70 consumer durable and electronic brands.
Electronics Mart India Limited business models:
1. Ownership Model: The company owns the underlying property including the land and building.
2. Lease Rental Model : The company has enter into a long-term lease arrangement with the property owner(s). As of August 15, 2021, out of the total 99 stores company operates, eight stores are owned, 85 stores are under the long-term lease rental model and six stores are partly owned and partly leased.
The company operates its business activities across three channels retail, wholesale and e-commerce.
Retail : As of August 15, 2021, out of 99 stores, 88 stores are Multi Brand Outlets ("MBOs") and 11 stores are Exclusive Brand Outlets ("EBOs"). The revenue from the retail channel was Rs 29,312.84 million, Rs 28,991.35 million and Rs 25,801.72 million for Financial Year 2021, 2020 and 2019, respectively.
Wholesale: The company is also engaged in the wholesale business of consumer durables, where the company supplies products to single-shop retailers in Andhra Pradesh and Telangana regions. The revenue from the wholesale channel was Rs. 530.53 million, Rs. 505.22 million and Rs. 465.81 million for Financial Year 2021, 2020 and 2019, respectively.
E-Commerce : The e-commerce website currently functions as a catalogue for the products that company retail at stores. The revenue from the e-commerce channel was Rs. 444.57 million, Rs. 280.11 million and Rs. 212.75 million for Financial Year 2021, 2020 and 2019, respectively.
FAQs About Electronics Mart India Limited
Electronics Mart India Limited will open on 04 Oct, 2022 and close on 07 Oct, 2022. Investors must apply within this period to participate.
The Electronics Mart India Limited price band is set between ₹56.00 and ₹59.00 per share. The minimum lot size is 254, requiring an investment of at least ₹14986.00.
The Electronics Mart India Limited shares are expected to be listed on 17 Oct, 2022, subject to regulatory approvals and final allotment.
You can track your Electronics Mart India Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Electronics Mart India Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.