electronics mart india ipo, if there should be an IPO! Silver before share listing, do you have? – electronics mart india ipo shares surges to 30 rs premium in the gray market today
Shares listed next week
Investors are now looking towards IPO share listing. The company’s shares are expected to be listed on the stock exchange next week on Monday, October 17, 2022. The Electronics Mart India IPO involves a fresh issue of equity shares worth Rs 500 crore. There was no Offer for Sale (OFS) in this. The offer price range was Rs 56 to Rs 59 per share. A large listing of Electronics Mart India shares is expected in the stock market on the basis of Grey-Market Premium.
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What is the business of the company?
Established in 1980, Electronic Mart India is India’s fourth largest consumer goods retail company with 112 stores across 36 cities in the country. About 90 percent of the company’s revenue comes from retail chains. The issue price of Rs 500 crore was fixed at Rs 56-59 per share. A minimum of 254 shares could have been applied for IPO. That means investors had to spend Rs 14,986 for one lot. So, maximum 13 lots can be applied for under IPO.
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As of 31 August 2022, out of 112 stores, 100 are Multi Brand Outlets (MBOs) and 12 are Exclusive Brand Outlets (EBOs). Their multi-brand outlets operate under the brand name Bajaj Electronics apart from two specialty stores called ‘Kitchen Stories’, which cater to kitchen needs and a special store format called ‘Audio & Beyond’, focusing on high-end home audio and home automation solutions. does
