Electronics Mart India Limited IPO Detail
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.
Company Promoters
Pavan Kumar Bajaj and Karan BajajIPO Details
IPO Opening Date | Oct 04, 2022 |
IPO Closing Date | Oct 07, 2022 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹56 - 59 per equity share |
Market Lot | 254 Shares |
Min Order Quantity | 254 Shares |
Listing At | BSE, NSE |
Issue Size | ₹500.00 Cr |
Fresh Issue | - |
Offer for Sale | - |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 1.67x | - | - | 1.04x | 1.98x | 1.69x |
Day 2 | 4.01x | - | - | 11.74x | 7.81x | 7.57x |
Day 3 | 169.54x | - | - | 63.59x | 19.72x | 71.92x |
IPO Tentative Timetable
The Electronics Mart India Limited IPO open date is Oct 04, 2022, and the close date is Oct 07, 2022. The issue may list on Oct 17, 2022.
IPO Open Date | Oct 04, 2022 |
IPO Close Date | Oct 07, 2022 |
Basis of Allotment Date | Oct 12, 2022 |
Initiation of Refunds | Oct 13, 2022 |
Credit of Shares to Demat Account | Oct 14, 2022 |
IPO Listing Date | Oct 17, 2022 |
IPO Lot Size
The Electronics Mart India Limited IPO market lot size is 254 shares. A retail-individual investor can apply for up to 13 lots (3302 shares or ₹194818).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 254 | ₹14986 |
Maximum | 13 | 3302 | ₹194818 |
IPO Promoter Holding
Pre Issue Share Holding | 99.99% |
Post Issue Share Holding | 77.97% |
Company Financials:
For the year/period ended (₹ in Cr.)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-19 | 1109.15 | 2826.1 | 77.1 |
31-Mar-20 | 1347.6 | 3179.02 | 81.61 |
31-Mar-21 | 1523.53 | 3207.37 | 58.62 |
Objects of the Issue:
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.
Electronics Mart India Limited IPO Registrar:
KFin Technologies Limited
Electronics Mart India Limited IPO Lead Manager(s):
Anand Rathi Securities Limited IIFL Securities Ltd JM Financial Consultants Private Limited
Company Contact Information:
Electronics Mart India Limited
D. No: 6-1-91, Shop No. 10,
Ground Floor, Next to Telephone Bhavan, Secretaria
Saifabad, Hyderabad – 500 004