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  • Writer's pictureJatin Agarwal

Electronics Mart India IPO

Updated: Nov 1, 2022



Overview

Electronics Mart India IPO will open on the 4th of October, 2022. The company offers a diversified range of products with a focus on large electrical appliances, mobiles and small appliances, IT( services) 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. It is the 4th largest consumer durable and electronics retailer in India.


Business Model

The company operates on an ownership model (of the underlying property where they open the stores) and also is happy to lease the required space.

Retail | Wholesale | E-Commerce

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 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 e-commerce website currently functions as a catalogue for the products that company retail at stores. The revenue from e-commerce is continuously rising as well along with growth in retail and wholesale channels.


Objectives of the Issue

1) Funding capex.

2) General Corporate Purpose.

3) Funding working capital.

4) Repayment/prepayment of borrowings.


Financials (rounded off)

Date

Total Revenue (₹ in cr)

PAT (₹ in cr)

31/03/20

3179

81.6

31/03/21

3207

58.6

31/03/22

4353

104


Electronics Mart India IPO Details

IPO Date

04/10/2022-07/10/2022

Face Value

₹10 per share

IPO Price Band

₹56-₹59 per share

IPO Lot Size

254 shares

Listing at

NSE, BSE

Basis of Allotment

12/10/2022

Credit of Shares in Demat

14/10/2022

Listing Date

17/10/2022

Pre-Issue Shareholding

100%

Post-Issue Shareholding

77.97%

Retail Minimum Lot Size

254 shares (₹14,986)


Crisp Insights

1) The promoters will have to further trim down stake in the future to meet listing norms of maximum promoter shareholding which is currently capped at 75%.

2) The GMP per share is around ₹30 (updated as on 04/10/2022).


Disclaimer: All information is provided for educational and informational purpose only. Data is fetched from publicly available sources such as the DRHP filed by the company. The website or the author takes no guarantee for the accuracy of the data however, we have tried our best to present accurate data to out readers. Please consult a financial advisor or do your own analysis before investing/trading in the stock market.




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