Electronics Mart India was incorporated on April 13, 2011. The company offers a diversified range of products with a focus on large appliances air conditioners, televisions, washing machines, refrigerators, and also mobiles and small appliances, IT and others.
| Bidding Dates |
|---|
| 04 Oct 2022 - 07 Oct 2022 |
| Subscription |
|---|
| 71.93x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,986 | 1 | 13 | 254 | 84.7 M | ₹56 - ₹59 | 77.97 % | ₹4745.8 M - ₹5000.0 M | RHP DOC |
Electronics Mart IPO SUBSCRIPTION STATUS
07 Oct '22Electronics Mart IPO overall subscription rate was 71.93 times the total available shares
Electronics Mart IPO retail subscription rate was 19.71 times in the retail segment
Electronics Mart IPO non-institutional investor subscription rate was 63.59 times in the non-institutional investor category
Electronics Mart IPO Qualified Institutional Bidder subscription rate was 169.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
07 Oct 2022 (Day 3) | 19.71x | 63.59x | 169.54x |
06 Oct 2022 (Day 2) | 7.81x | 11.74x | 4.01x |
04 Oct 2022 (Day 1) | 1.98x | 1.04x | 1.68x |
Electronics Mart FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY23 | 406.6 | 14,084.5 | 2,830.3 | 1,413.2 | 6.9% |
| FY22 | 1,038.9 | 43,493.2 | 1,216.0 | 606.9 | 6.7% |
| FY21 | 586.2 | 32,018.8 | 640.1 | 95.9 | 6.4% |
| FY20 | 816.1 | 31,724.8 | 360.1 | -233.9 | 7.2% |
Electronics Mart IPO SUBSCRIPTION STATUS DETAILS
Electronics Mart had 84.7 M shares on offer
Electronics Mart IPO offer price was in the range ₹56 - ₹59
Electronics Mart IPO minimum Investment was ₹14986
Electronics Mart IPO issue size was ₹ 4745.8 M - ₹ 5000.0 M
Electronics Mart had a minimum lot size of 254 Shares per application
Electronics Mart NUMBER OF SHARES ON OFFER
Electronics Mart IPO IMPORTANT DATES
| Issue Open Date | 04 Oct 2022 |
| Issue close Date | 07 Oct 2022 |
| Allotment Date | 12 Oct 2022 |
| Refund Date | 13 Oct 2022 |
| Demat Account Credit Date | 14 Oct 2022 |
| Listing Date | 17 Oct 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Electronics Mart Allotment Status | Exchange |
Electronics Mart IPO subscription opened on 04 Oct 2022, and closed on 07 Oct 2022
IPO allotment for Electronics Mart was finalized on Wednesday, 12 Oct 2022
IPO listing for Electronics Mart was on NSE and BSE on Monday, 17 Oct 2022
Electronics Mart IPO LISTING GAINS
| Issue Price (adjusted) | 59.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 84.5 |
| Listing Gain% | 52.5% |
| Current Gain% | 213.6% |
Electronics Mart Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electronics Mart India Ltd. | 185 | 7117.9 | 34.5 | 0.4 | 0.9 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
| Vedant Fashions Ltd. | 525 | 12756.4 | 33.1 | -13.3 | 8.8 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 91.6 | 11178.8 | 63.5 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 619.2 | 7996.9 | 57.5 | 2 | 2.7 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2851.5 | 7630 | 73.5 | 6 | 4.4 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Landmark Cars Ltd. | 573 | 2375.9 | 63.7 | 0.5 | 0.5 | 6.4 | 1.9 | 4914.4 | 21.7 | 37.3 | 134.2 | 9 | 134.2 |
Electronics Mart INFORMATION ON IPO ISSUE
About Electronics Mart
Electronics Mart India was incorporated on April 13, 2011. The company offers a diversified range of products with a focus on large appliances air conditioners, televisions, washing machines, refrigerators, and also mobiles and small appliances, IT and others.
Object of the Issue
- Funding of capital expenditure for expansion and opening of stores and warehouses
- Funding incremental working capital requirements
- Repayment / prepayment, in full or part, of all or certain borrowings availed by the company
- General corporate purposes.
Electronics Mart - PROMOTERS
| Name |
|---|
| Pavan Kumar Bajaj |
| Karan Baja |
Electronics Mart Book Running Lead Managers
Anand Rathi Advisors Limited
emil.ipo@rathi.com
JM Financial Limited
emil.ipo@jmfl.com
Electronics Mart Book Running Lead Manager
IIFL Securities Limited
emil.ipo@iiflcap.com
Electronics Mart Registrar to the Offer
KFinTechnologies Private Limited
emi.ipo@kfintech.co
Electronics Mart Strengths
Fourth largest consumer durable and electronics retailer
The company is the fourth largest consumer durable and electronics retailer in India with a leadership position in South India. Its scale of operations along with its long-standing relationship with leading consumer brands enables it to procure products at competitive rates.
Fast growth
The company is one of the fastest growing consumer durable and electronics retailers with a consistent track record of growth and industry-leading profitability.
Diversified product offering
The company has diversified product offerings and optimal product assortment leveraging its deep knowledge and understanding of regional markets.
Strategically located
The company has strategically located logistics and warehousing facilities backed by stringent inventory management using IT systems.
Electronics Mart Risks
Dependent on external suppliers
The company is dependent on external suppliers for its product requirements and any delay or failure on the part of the external suppliers to deliver products, may materially and adversely affect business, profitability and reputation.
Dependent on a limited number of brands
A large part of the company's revenues is dependent on a limited number of brands. Loss of any of the major brands or a decrease in the supply or volume from these brands will materially and adversely affect revenues and profitability.
High competition
The company operates in a competitive industry and market share may be adversely impacted if it does not keep itself appraised of the latest consumer trends and technology.
IPO FAQs
The promoters of the company are Pavan Kumar Bajaj and Karan Baja.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 56.0 - 59.0.
The IPO application opens on Oct 04, 2022 and closes on Oct 07, 2022.
The minimum lot size for the IPO is 254. The maximum lot size for the IPO is 3302.
For all category investors, the minimum application amount for this IPO is Rs. 14,986.0, the maximum value for this IPO is Rs 194,818.0.
This IPO will be allotted on Oct 12, 2022.
The refund will be credited to your account on Oct 13, 2022.
The allotted shares will be credited to your demat on Oct 14, 2022.
Electronics Mart India Ltd.’s shares listed on the stock exchanges on Oct 17, 2022.