Fantastic listing of Electronics Mart India IPO, listing shares at 52 percent premium – Know price

Electronics Mart India IPO: The shares of Electronics Mart India Limited have been listed in the stock market today. The IPO was open from October 4 to October 7. Electronics Mart shares are listed on the NSE at Rs 90 per share, showing a premium of 52.5 per cent over its issue price of Rs 59.

Bumper listing of company’s shares
The issue price of the company was Rs 59, against which the shares have been listed at Rs 90 per share with a premium of Rs 31 or 52.54 per cent. On the BSE, Electronics Mart India shares are listed at Rs 89.40 per share. The market capitalization of Electronics Mart India on BSE at the time of listing stood at Rs 3439 crore. Clearly, the bumper listing of Electronics Mart India has gifted its investors even before Diwali.

What was the price band of the company’s IPO
Electronics Mart India Limited had fixed the IPO price band at Rs 56-59 per share. The face value of each share of the company’s shares was Rs 10.

Overall size of IPO
Electronics Mart India Limited has raised Rs 500 crore from the market through IPO. The company has raised this amount only through fresh issue. This means that the promoters have not sold their stake in the IPO.

Electronics Mart India IPO was subscribed 72 times
Electronics Mart India IPO was subscribed a total of 72 times and received a great response from investors.

Category wise subscription details
QIB (Qualified Institutional Buyers) – 169.54 times
NII (Non-Institutional Investors) – 63.59 times
Retail investors – 19.72 times
Total Investors – 71.93 times

What is the business of the company
Electronics Mart India was started by Pawan Kumar Bajaj and Karan Bajaj. It has 112 stores in 36 cities/towns, mostly in Andhra Pradesh, Telangana and NCR. In the financial year 2021-22, the revenue from operations was Rs 4349.32 crore as compared to Rs 3201.88 crore in the first financial year. On the other hand, in the financial year 2021-22, the net profit on an annual basis fell from Rs 103.89 crore to Rs 40.65 crore. The company’s working capital facilities stood at Rs 919.58 crore as of August 2022, while net debt stood at Rs 446.54 crore as of June 2022.

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