Electronics Mart India IPO, Date, GMP Price, Review 2022
Electronics Mart India IPO: Know everything about Electronics Mart India IPO. Electronics Mart India IPO Date, Electronics Mart India Ltd IPO Review and analysis. We will discuss about Electronics Mart India IPO Benefits & Risks. Also, all information related to Electronics Mart India IPO like price band, all important dates, issue size, Brockrage Review, IPO Rating, and retail quota etc.
Electronics Mart India IPO
Electronics Mart India Limited is the fourth largest consumer durables and electronics store in the country, selling air conditioners, TVs, washing machines and refrigerators, mobiles, and many more electronic items. Electronics Mart India Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 500 crore through IPO (Initial public offering).
Electronics Mart India IPO will open on 04 October 2022 and close on 07 October 2022. The price band of the Electronics Mart India IPO is ₹56 to ₹59. Electronics Mart India IPO size is 500 Crores. The offer includes ₹500 Crores under fresh issue and [0] Crores under offer for sale. Electronics Mart India IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Electronics Mart India Limited IPO listing date is 17 October 2022. You can know about Electronics Mart India IPO GMP (Grey Market Premium).
Electronics Mart India has given good financial performance. The company made a profit of ₹103 crores in the financial year 2022 (March 2022). The IPO of Electronics Mart India will be listed on NSE and BSE. Electronics Mart India Limited IPO face value is ₹10 per equity share.
We will talk about Electronics Mart India limited financials, benefits, and risks of investing in the company.
About Electronics Mart India International Ltd
Electronics Mart India (EMI) was established in the year 1980. The company aims to improve the electronics shopping experience. Presently, the company has emerged as the 4th largest consumer durable consumer and electronics retailer in India. Electronics Mart India Limited sells a wide range of electronic items which include large appliances such as TVs, air conditioners, laptops, washing machines, and refrigerators, and small appliances such as smartphones, home appliances, etc
The company offers products from over 70 consumer durable and electronic brands. The company has over 6,000 SKUs (Stock Keeping Units) across categories across the country. The company currently has a strong workforce of around 2023 employees, with a retail space of 10,56,835 sq ft. Also, the company has 105 stores across the country.
And as per the CRISIL report, by FY 2020, the company has emerged as the largest player in the southern region with dominance in the states of Telangana and Andhra Pradesh. The company mainly conducts its business activities in three channels which include retail, wholesale, and e-commerce. The major brands of the company are as follows: Balaji Electronics, IQ Stores, Kitchen Stories, and Audio Beyond.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements for the purchase of new machinery.
- To meet general corporate objectives.
Electronics Mart India IPO Date and Price Band Details
| IPO Open: | 04 October 2022 |
| IPO Close: | 07 October 2022 |
| Listing Date: | 17 October 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹500 crores |
| Fresh Issue: | Approx ₹500 crores |
| Offer For Sale: | Approx ₹0 crores |
| Price Band: | ₹56 to ₹59 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Electronics Mart India IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 254 Shares |
| Minimum Amount: | ₹14,986 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 3302 Shares |
| Maximum Amount: | ₹194,818 |
Electronics Mart India IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 04 October 2022 |
| IPO Closing Date: | 07 October 2022 |
| Basis of Allotment: | 12 October 2022 |
| Refund Date: | 13 October 2022 |
| Credit to Demat Account: | 14 October 2022 |
| Listing Date: | 17 October 2022 |
Electronics Mart India IPO Review
| Happiest Post | Apply |
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| Axis Capital | Not Rated yet |
| HDFC Securities | Not Rated yet |
| ICICI Direct | Not Rated yet |
| Kotak Securities | Not Rated yet |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
Electronics Mart India Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company is the fourth largest company in India that operates consumer durables and electronics stores.
- The company's famous brands in India are Balaji Electronics, IQ Stores, Kitchen Stories, Audio Beyond, etc.
- The company has a good growth track record.
- The company's business model provides operational flexibility to create a long-term sustainable footprint.
- The company has strong customer service support, on-time delivery, and installation support.
- The company has an experienced management team.
- The company has long-term relationships with top consumer brands.
Risks
- A significant part of the company's business is based on a low number of brands, if the demand for the brand's products sold by them is low, it will have an impact on the company.
- The company does not currently own many of the brands or logos under which they operate. If the relationship with other brands deteriorates, it will have a negative impact on the company's revenue.
- It has been facing stiff competition from online e-commerce companies like Amazon and Flipkart.
- The company's outlets are mostly located in Telangana and Andhra Pradesh, and all its retail sales take place in these states. From this, it can be inferred that the company has failed to expand across the country.
- The company sells most of its goods offline, so their digital sales revenue is negligible.
Electronics Mart India Ltd Financials
Electronics Mart India Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹1109.15 | ₹2826.1 | ₹77.1 |
| 2020 | ₹1347.6 | ₹3179.02 | ₹81.61 |
| 2021 | ₹1523.53 | ₹3207.37 | ₹58.62 |
| 2022 | ₹- | ₹43,53.07 | ₹103.89 |
Promoters
- Pavan Kumar Bajaj
- Karan Bajaj
Contact Details of Electronics Mart India
D. No: 6-1-91, Shop No. 10, Ground Floor,
Next to Telephone Bhavan, Secretariat Road, Saifabad,
Hyderabad – 500 004, Telangana, India
Telephone: +91 40-2324 2512
E-mail: cs@bajajelectronics.in
Website: www.electronicsmartindia.com
Electronics Mart India Lead Managers
- Anand Rathi Advisors Limited
- IIFL Securities Limited
- JM Financial Limited
Electronics Mart India IPO Registrars
Selenium Tower-B, Plot 31 & 32,
Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032
Telangana, India
Telephone: +91 40 6716 2222
E-mail: emi.ipo@kfintech.co
Website: www.kfintech.com
Conclusion
The track record has been good considering the financial position of the company. The company had a profit of Rs 103.89 crore in the financial year 2022. The company sells electronic items under many different brands including Balaji Electronics, IQ Stores, Kitchen Stories, and Audio Beyond. However, the company is facing stiff competition from online e-commerce companies. Our suggestion is that you can apply for Electronics Mart India Limited IPO for small listing gains and short term. Given above is the financial statement, strength, risk, and other information of Electronics Mart India Limited.
Electronics Mart India IPO FAQs
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Great Article. Keep it up.
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