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Electronics Mart IPO is a book build issue of ₹500.00 crores. The issue is entirely a fresh issue of 8.47 crore shares of ₹500.00 crore.
Electronics Mart IPO bidding started from Oct 4, 2022 and ended on Oct 7, 2022. The allotment for Electronics Mart IPO was finalized on Oct 12, 2022. The shares got listed on BSE, NSE on Oct 17, 2022.
Electronics Mart IPO price band is set at ₹59.00 per share . The lot size for an application is 254. The minimum amount of investment required by an retail is ₹14,224 (254 shares). The lot size investment for sNII is 14 lots (3,556 shares), amounting to ₹2,09,804, and for bNII, it is 67 lots (17,018 shares), amounting to ₹10,04,062.
Anand Rathi Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Electronics Mart IPO RHP for detailed Information.
| IPO Date | October 4, 2022 to October 7, 2022 |
| Listing Date | October 17, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹56 to ₹59 per share |
| Issue Price Final | ₹59 per share |
| Lot Size | 254 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,47,45,762 shares (aggregating up to ₹500.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 30,00,03,000 shares |
| Share Holding Post Issue | 38,47,48,762 shares |
Electronics Mart India IPO offers total 8,47,45,762 shares. Out of which 4,23,72,880 (50.00%) allocated to QIB, 1,69,49,152 (20.00%) allocated to QIB, 1,27,11,865 (15.00%) allocated to NII, 2,96,61,017 (35.00%) allocated to RII and 2,54,23,728 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 4,23,72,880 (50.00%) | NA |
| − Anchor Investor Shares Offered | 2,54,23,728 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,69,49,152 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,27,11,865 (15.00%) | NA |
| − bNII > ₹10L | 84,74,577 (10.00%) | 2,383 |
| − sNII < ₹10L | 42,37,288 (5.00%) | 1,191 |
| Retail Shares Offered | 2,96,61,017 (35.00%) | 1,16,775 |
| Total Shares Offered | 8,47,45,762 (100.00%) |
Electronics Mart IPO raises ₹150.00 crore from anchor investors. Electronics Mart IPO Anchor bid date is October 3, 2022. Electronics Mart IPO Anchor Investors list
| Bid Date | October 3, 2022 |
| Shares Offered | 2,54,23,728 |
| Anchor Portion Size (In Cr.) | 150.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 11, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 10, 2023 |
Electronics Mart IPO opens on October 4, 2022, and closes on October 7, 2022.
| IPO Open Date | Tue, Oct 4, 2022 |
| IPO Close Date | Fri, Oct 7, 2022 |
| Tentative Allotment | Wed, Oct 12, 2022 |
| Initiation of Refunds | Thu, Oct 13, 2022 |
| Credit of Shares to Demat | Fri, Oct 14, 2022 |
| Tentative Listing Date | Mon, Oct 17, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 7, 2022 |
Investors can bid for a minimum of 254 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 254 | ₹14,986 |
| Retail (Max) | 13 | 3,302 | ₹1,94,818 |
| S-HNI (Min) | 14 | 3,556 | ₹2,09,804 |
| S-HNI (Max) | 66 | 16,764 | ₹9,89,076 |
| B-HNI (Min) | 67 | 17,018 | ₹10,04,062 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1980, Electronics Mart India Limited is the 4th largest consumer durable and electronics retailer in India. The company offers a diversified range of products with a focus on large appliances (air conditioners, televisions, washing machines and refrigerators), mobiles and small appliances, IT 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.
Electronics Mart India Limited business models:
1. Ownership Model: The company owns the underlying property including the land and building.
2. Lease Rental Model : The company has enter into a long-term lease arrangement with the property owner(s). As of August 15, 2021, out of the total 99 stores company operates, eight stores are owned, 85 stores are under the long-term lease rental model and six stores are partly owned and partly leased.
The company operates its business activities across three channels retail, wholesale and e-commerce.
Retail : 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 revenue from the retail channel was Rs 29,312.84 million, Rs 28,991.35 million and Rs 25,801.72 million for Financial Year 2021, 2020 and 2019, respectively.
Wholesale: 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 revenue from the wholesale channel was Rs. 530.53 million, Rs. 505.22 million and Rs. 465.81 million for Financial Year 2021, 2020 and 2019, respectively.
E-Commerce : The e-commerce website currently functions as a catalogue for the products that company retail at stores. The revenue from the e-commerce channel was Rs. 444.57 million, Rs. 280.11 million and Rs. 212.75 million for Financial Year 2021, 2020 and 2019, respectively.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 1109.15 | 2826.1 | 77.1 | 340.5 | 377.06 |
| 31-Mar-20 | 1347.6 | 3179.02 | 81.61 | 433.08 | 520.54 |
| 31-Mar-21 | 1523.53 | 3207.37 | 58.62 | 491.92 | 547.95 |
| 31-Mar-22 | 1824.74 | 4353.07 | 103.89 | 596.51 | 593.64 |
| 30-Jun-22 | 1755.58 | 1410.25 | 40.66 | 637.97 | 475.91 |
| Amount in ₹ Crore | |||||
The market capitalization of Electronics Mart IPO is ₹2270.02 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.95 |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. Funding of capital expenditure for expansion and opening of stores and warehouses.
2. Funding incremental working capital requirements.
3. Repayment / prepayment, in full or part, of all or certain borrowings availed by the Company.
4. General Corporate Purposes.
[Dilip Davda] EMIL is the 4th largest retailer in consumer durables and electronics with south-centric play. A higher equity base post-IPO raises servicing concerns. Based on FY23 annualized earnings, the issue appears fully priced. Cash surplus investors may consider an investment with a long-term perspective. Read detail review...
| Listing Date | October 17, 2022 |
| BSE Script Code | 543626 |
| NSE Symbol | EMIL |
| ISIN | INE02YR01019 |
| Final Issue Price | ₹59 per share |
| BSE Listing Group | B |
Electronics Mart India Ltd.
D. No: 6-1-91, Shop No. 10,
Ground Floor, Next to Telephone Bhavan, Secretaria
Saifabad, Hyderabad – 500 004
Hyderabad, Telangana
Phone: +91 040 4875 1125
Email: cs@bajajelectronics.in
Website: https://www.electronicsmartindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
Electronics Mart IPO is a main-board IPO of 8,47,45,762 equity shares of the face value of ₹10 aggregating up to ₹500.00 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 254.
The IPO opens on October 4, 2022, and closes on October 7, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Electronics Mart IPO using UPI as a payment gateway. Zerodha customers can apply in Electronics Mart IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Electronics Mart IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Electronics Mart IPO opens on October 4, 2022 and closes on October 7, 2022.
Electronics Mart IPO lot size is 254, and the minimum amount required for application is ₹14,986.
You can apply in Electronics Mart IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Electronics Mart IPO will be done on Wednesday, October 12, 2022, and the allotted shares will be credited to your demat account by Friday, October 14, 2022. Check the Electronics Mart IPO allotment status.
The Electronics Mart IPO listing date is on Monday, October 17, 2022.
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