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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.
| IPO Date | October 4, 2022 to October 7, 2022 |
| Listing Date | October 17, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Lot Size | 254 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 300,003,000 |
| Share holding post issue | 384,748,762 |
Electronics Mart India IPO offers 62,500,000 shares. 17,857,142 (28.57%) to QIB, 13,392,858 (21.43%) to NII, 31,250,000 (50.00%) to RII. 123,031 RIIs will receive minimum 254 shares and 1,255 (sNII) and 2,510 (bNII) will receive minimum 3,556 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 17,857,142 (28.57%) | NA |
| NII (HNI) Shares Offered | 13,392,858 (21.43%) | |
| bNII > ₹10L | 8,928,572 (14.29%) | 2,510 |
| sNII < ₹10L | 4,464,286 (7.14%) | 1,255 |
| Retail Shares Offered | 31,250,000 (50.00%) | 123,031 |
| Total Shares Offered | 62,500,000 (100%) |
Electronics Mart India IPO opens on October 4, 2022, and closes on October 7, 2022.
| IPO Open Date | Tuesday, October 4, 2022 |
| IPO Close Date | Friday, October 7, 2022 |
| Basis of Allotment | Wednesday, October 12, 2022 |
| Initiation of Refunds | Thursday, October 13, 2022 |
| Credit of Shares to Demat | Friday, October 14, 2022 |
| Listing Date | Monday, October 17, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 7, 2022 |
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 | ₹194,818 |
| S-HNI (Min) | 14 | 3,556 | ₹209,804 |
| S-HNI (Max) | 66 | 16,764 | ₹989,076 |
| B-HNI (Min) | 67 | 17,018 | ₹1,004,062 |
| Lot Size Calculator | |||
Pavan Kumar Bajaj and Karan Baja are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 77.97% |
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 1109.15 | 2826.1 | 77.1 | 340.5 | 377.06 |
| 31-Mar-20 | 1347.6 | 3179.02 | 81.61 | 433.08 | 520.54 |
| 31-Mar-21 | 1523.53 | 3207.37 | 58.62 | 491.92 | 547.95 |
| 31-Mar-22 | 1824.74 | 4353.07 | 103.89 | 596.51 | 593.64 |
| 30-Jun-22 | 1755.58 | 1410.25 | 40.66 | 637.97 | 475.91 |
| Amount in ₹ Crore | |||||
The market capitalization of Electronics Mart India IPO is Rs 2270.02 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.95 |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. Funding of capital expenditure for expansion and opening of stores and warehouses.
2. Funding incremental working capital requirements.
3. Repayment / prepayment, in full or part, of all or certain borrowings availed by the Company.
4. General Corporate Purposes.
[Dilip Davda] EMIL is the 4th largest retailer in consumer durables and electronics with south-centric play. A higher equity base post-IPO raises servicing concerns. Based on FY23 annualized earnings, the issue appears fully priced. Cash surplus investors may consider an investment with a long-term perspective. Read detail review...
The Electronics Mart India IPO is subscribed 71.93 times on October 7, 2022 7:00:00 PM. The public issue subscribed 19.72 times in the retail category, 169.54 times in the QIB category, and 63.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 169.54 |
| NII | 63.59 |
| bNII (bids above ₹10L) | 66.18 |
| sNII (bids below ₹10L) | 58.42 |
| Retail | 19.72 |
| Total | 71.93 |
| Listing Date | October 17, 2022 |
| BSE Script Code | 543626 |
| NSE Symbol | EMIL |
| ISIN | INE02YR01019 |
| Final Issue Price | ₹59 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹59.00 |
| ₹89.40 |
| ₹83.20 |
| ₹91.00 |
| ₹84.45 |
| NSE |
|---|
| ₹59.00 |
| ₹90.00 |
| ₹83.10 |
| ₹91.00 |
| ₹84.50 |
Electronics Mart India Limited
D. No: 6-1-91, Shop No. 10,
Ground Floor, Next to Telephone Bhavan, Secretaria
Saifabad, Hyderabad – 500 004
Phone: +91 040 4875 1125
Email: cs@bajajelectronics.in
Website: https://www.electronicsmartindia.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Electronics Mart India IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹500.00 Crores. The issue is priced at ₹56 to ₹59 per share. The minimum order quantity is 254 Shares.
The IPO opens on October 4, 2022, and closes on October 7, 2022.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Electronics Mart India IPO using UPI as a payment gateway. Zerodha customers can apply in Electronics Mart India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Electronics Mart India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Electronics Mart India IPO opens on October 4, 2022 and closes on October 7, 2022.
Electronics Mart India IPO lot size is 254 Shares, and the minimum amount required is ₹14,986.
You can apply in Electronics Mart India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Electronics Mart India IPO will be done on Wednesday, October 12, 2022, and the allotted shares will be credited to your demat account by Friday, October 14, 2022. Check the Electronics Mart India IPO allotment status.
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