Keep up with personal finance and investing trends. Stock Market, Mutual Funds, Insurance, and lot more.
All that you should know about the Company before applying for the IPO.
The public issue of equity shares of ELECTRONICS MART INDIA LIMITED will open for subscription on October 04, 2022 and closes on October 07, 2022. It is expected to list on the stock exchanges on October 17, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Commenced its business operations in 1980, the company has been one of the fastest growing consumer durable & electronics retailers in India. They are the fourth largest consumer durable and electronics retailer in the country as of FY 21 and the largest organized player in the southern region in revenue terms. The company offers a diversified range of products focusing on large appliances, mobiles and small appliances, IT, and others. Their offering includes over 6,000 SKUs across product categories from over 70 consumer durable and electronic brands.
Company’s business model is a mix of ownership and leases rental model, as they focus on securing retail spaces to ensure high visibility and easy accessibility to customers. They operate their business activities across three channels: retail, wholesale, and e-commerce.
As of Financial Year 2021, the company had the highest turnover in the Southern region compared to other dominant players in the South. Their operating margins were second highest amongst their peers in the Fiscal Year 2021. The company had 112 stores across 36 cities / urban agglomerates with a retail business area of 1.12 million sq. ft as of August 31, 2022.
Pavan Kumar Bajaj and Karan Bajaj
Given below are the objectives of the Company –
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
|IPO Size||₹ 500 Crore|
|Offer Mix||100% Fresh Issue|
|Price Band||₹ 56 - ₹ 59|
|Lot Size||254 Shares (& in multiples thereof)|
|Face Value||₹ 10|
|Application Amount||Min. ₹ 14,986 (1 lot) | Max. ₹ 1,94,818 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||KFin Technologies Private Limited|
|Cut-off time for UPI Mandate Confirmation||07-October-2022 (up to 05:00 PM)|
₹ 250 Crore
(50% of the Issue Size)
₹ 75 Crore
(15% of the Issue Size)
₹ 175 Crore
(35% of the Issue Size)
|IPO Opens||October 04,, 2022|
|IPO Closes||October 07, 2022|
|Finalization of the basis of allotment||October 12, 2022|
|Unblocking of funds / Initiation of refunds||October 13, 2022|
|Credit of equity shares to Demat accounts||October 14, 2022|
|Listing of equity shares||October 17, 2022|
Apply online in just 5 minutes!Apply Now Investment in securities market is subject to market risks, read all the related documents carefully before investing.
Wealthstreet is one-stop solution for all your financial requirements.
© 2021 Wealthstreet Financial Services Private Limited. All Right Reserved.
Wealthstreet refers to Wealthstreet Financial Services Private Limited. Wealthstreet Financial Services Private Limited: INZ000157331 (Member of NSE, BSE and MCX). Wealthstreet Financial Services Private Limited acts in the capacity of a distributor for Mutual Funds having AMFI Registration Number – 118251.
Mutual Fund Investments are subject to market risks. Please read all scheme related documents carefully before investing. Investment in the securities involves risks. The user is required to undergo risk profiling before investing. Guided view is indicative in nature and is based on the information provided by the user voluntarily. Each user of this information should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred here (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. Past performance is not necessarily a guide to future performance.
The information contained in this website is for general information purposes only. The information is provided by Accord Fintech Private Limited. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the timeliness, completeness, accuracy, reliability, suitability or availability with respect to the website or the information or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. Wealthstreet Financial Services Private Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this website.
Content Powered by Accord Fintech Pvt. Ltd.
Broking and DP services offered by Wealthstreet Financial Services Private Limited under SEBI Registration No.: INZ000157331 (Member of NSE, BSE and MCX) and IN-DP-CDSL-361-2018 (DP with CDSL). Investor grievance resolution team, Tel: 079-66775500, Email ID: email@example.com. Name of the Compliance Officer for Trading & DP – Mr. Suren Pandya, Email ID: firstname.lastname@example.org. Corporate Office: A – 1101, Mondeal Heights, S.G.Highway, Ahmedabad – 380015.; Tel. 079-66775500.
Link to SCORES portal – https://www.scores.gov.in/scores/Welcome.html