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Electronics Mart India IPO HNI Funding Cost Calculator

Electronics Mart India IPO Details

IPO Open Oct 4, 2022
IPO Close Oct 7, 2022
IPO Price ₹59
Face Value ₹10
IPO Size ₹500.00 Cr
Listing At BSE, NSE
Lot Size 254
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Electronics Mart India IPO Subscription Status (Bidding Detail)

The Electronics Mart India IPO is subscribed 71.93 times on Oct 7, 2022 7:00:00 PM. The public issue subscribed 19.72 times in the retail category, 169.54 times in the QIB category, and 63.59 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB169.54
NII63.59
    bNII (bids above ₹10L)66.18
    sNII (bids below ₹10L)58.42
Retail19.72
Total71.93

Electronics Mart India IPO Funding Interest Rates Calculator

Electronics Mart India IPO funding cost is derived based on the NII (HNI) over subscription and interest rate considering the 7-day loan period. The table provides an estimated interest cost per share for rate of interest (ROI) ranging from 7 to 10% over a range of 10 different over subscription intervals.

IPO Price₹59
NII IPO Quota₹79 Cr
NII Over subscription
(Estimated in times)
NII IPO Collection
(Incremental in ₹ Cr)
Number of Days
Interest Rate (%)

Electronics Mart India IPO HNI Cost for 7 days

NII IPO Collection (₹ Cr)0000000000
NII Over subscription (times)0000000000
Interest Rate ↓↓ HNI Funding Cost (Rs per share) ↓
0%0000000000
7%0000000000
7.5%0000000000
8%0000000000
8.5%0000000000
9%0000000000
9.5%0000000000
10%0000000000
IPO Funding Cost = IPO Price * NII Over Subscription * (Interest Rate/100) * (7/365 days)

where,

  • IPO Price is the upper price band in case of a book-built issue. 
  • NII Over subscription is the number of times over subscription in NII category. The table reflects data considering 1 time over subscription as a starting point with the flexibility to change as desired.
  • ROI is the interest rate at which the loan gets granted.
  • 7-days is the loan funding period.

Note: The over subscription intervals are derived based on the set incremental HNI IPO collection value. This value is currently set to 100 which can be changed as desired based on the IPO issue size and price.

Electronics Mart India IPO Shares to Apply By Amount Calculator

Enter the amount you would like to invest in Electronics Mart India IPO and find how many shares you should apply. In an IPO, shares are applied in lots. This calculator helps you to find an exact number of shares to apply for the given amount.

Amount to Invest (Rs)
Lot Size (Shares)
Shares Issue Price (Rs)
Lots to Apply
Shares to Apply
Total Amount (Rs)

FAQs

You can apply for Electronics Mart India IPO online through the Netbanking ASBA facility provided by your bank or through offline mode by filling and submitting the physical IPO application form.

Steps to apply online in Electronics Mart India IPO as HNI

  1. Log into your Netbanking.
  2. Go to Investment/IPO section.
  3. Select the desired IPO.
  4. Enter the Investor category/Status as HNI.
  5. Fill in the bid details viz. Quantity/lots and price.
  6. Enter the personal information viz., Applicant name, PAN No., Email id, Bank account no., depository details.
  7. Apply.

Steps to apply offline in Electronics Mart India IPO as HNI

  1. Procure the IPO application form from the nearest broker office, syndicate member office, or download the application form from NSE/BSE website.
  2. Fill in the below details in IPO Form:
    • Applicant Name
    • PAN Number
    • Bid Details - Quantity, Price
    • ASBA Bank Account Number
    • Tick the investor category as HNI.
  3. Submit the form to the nearest syndicate member/broker office.

Points to Note

  • An HNI cannot place a bid at the cut-off price.
  • An HNI cannot apply through UPI considering the UPI IPO Transaction limit of ₹2 lakhs.

You can invest in Electronics Mart India IPO as HNI through ASBA Netbanking or offline mode.

You need to enter all the required details viz. the bid quantity, amount, depository details, bank account no., applicant name, PAN No. to apply for IPO online or offline. You need to ensure to select the investor category as HNI.

It is important to note that as an HNI, you cannot bid in IPO at the cut-off price.

You cannot apply in Electronics Mart India IPO through the Zerodha IPO application(Console) in the HNI category as Zerodha offers a UPI-based IPO application that has a limit of a maximum of ₹2 lakh per transaction. 

You can apply using the ASBA facility offered by the banks to invest in the HNI category.

ICICI Direct offers a UPI-based IPO application with an upper limit of ₹2 lakh per transaction. Thus, an HNI cannot apply for Electronics Mart India IPO through ICICI Direct.

To apply as an HNI in Electronics Mart India IPO, you can apply online through Netbanking using the ASBA facility offered by banks or submit a physical IPO ASBA application form.

The three main factors that decide the feasibility to invest in Electronics Mart India IPO using the IPO funding route.

  1. IPO Subscription Rate - This is one of the most critical factors that help decide whether an HNI should opt for a loan or not. The higher the subscription, the lower is the allotment. In the case of lesser allotment in IPO, selling that small chunk may not cover the entire funding cost and thus reduce the chances of earning profits.
  2. IPO Listing Price - If the IPO listing is expected at a good premium, taking an IPO loan should not be a burden as selling the shares on listing would earn handsome profit to cover the funding interest cost and the IPO price.
  3. IPO Funding Rate - Generally, IPO funding is available at around 7%-10%. The above IPO funding cost table shows an estimated cost that can help you arrive at the break-even point to assess the probability of earning profit based on the expected listing price and over subscription.