Electronics Mart India Limited IPO (Electronics Mart India IPO) Detail

October 4, 2022 - October 7, 2022

Electronics Mart India IPO is a book built issue of Rs 500.00 crores.

Electronics Mart India IPO bidding started from October 4, 2022 and ended on October 7, 2022. The allotment for Electronics Mart India IPO was finalized on Wednesday, October 12, 2022. The shares got listed on BSE, NSE on October 17, 2022.

Electronics Mart India IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 254 Shares. The minimum amount of investment required by retail investors is ₹14,986. The minimum lot size investment for sNII is 14 lots (3,556 shares), amounting to ₹209,804, and for bNII, it is 67 lots (17,018 shares), amounting to ₹1,004,062.

Anand Rathi Securities Limited, Iifl Securities Ltd and Jm Financial Limited are the book running lead managers of the Electronics Mart India IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Electronics Mart India IPO RHP for detailed information.

Electronics Mart India IPO Details

IPO Date October 4, 2022 to October 7, 2022
Listing Date October 17, 2022
Face Value ₹10 per share
Price Band ₹56 to ₹59 per share
Lot Size 254 Shares
Total Issue Size
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Electronics Mart India IPO Reservation

Electronics Mart India IPO a total of 62,500,000 shares are offered. QIB: 17,857,142 (28.57%), RII: 31,250,000 (50.00%), NII: 13,392,858 (21.43%).

Anchor Investor Shares Offered-
QIB Shares Offered17,857,142 (28.57%)
NII (HNI) Shares Offered13,392,858 (21.43%)
Retail Shares Offered31,250,000 (50.00%)
Total Shares Offered62,500,000 (100%)

Electronics Mart India IPO Timeline (Tentative Schedule)

Electronics Mart India IPO opens on October 4, 2022, and closes on October 7, 2022.

IPO Open Date Tuesday, October 4, 2022
IPO Close Date Friday, October 7, 2022
Basis of Allotment Wednesday, October 12, 2022
Initiation of Refunds Thursday, October 13, 2022
Credit of Shares to Demat Friday, October 14, 2022
Listing Date Monday, October 17, 2022
Cut-off time for UPI mandate confirmation 5 PM on October 7, 2022

Electronics Mart India IPO Lot Size

Investors can bid for a minimum of 254 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 254 ₹14,986
Retail (Max) 13 3302 ₹194,818
S-HNI (Min) 14 3,556 ₹209,804
S-HNI (Max) 66 16,764 ₹989,076
B-HNI (Min) 67 17,018 ₹1,004,062
Lot Size Calculator

Electronics Mart India IPO Promoter Holding

Pavan Kumar Bajaj and Karan Baja are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue 77.97%

About Electronics Mart India Limited

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.

Company Financials

Electronics Mart India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Crore

Key Performance Indicator

Electronics Mart India IPO Market Cap is Rs 2270.02 Cr and P/E (x) is 13.95.

KPI Values
P/E (x)13.95
Market Cap (₹ Cr.)2270.02

Objects of the Issue (Electronics Mart India IPO Objectives)

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 IPO Review (May apply)

[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...

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)
    bNII (bids above ₹10L)66.18
    sNII (bids below ₹10L)58.42

Electronics Mart India IPO Prospectus

Electronics Mart India IPO Rating

Rating:Rated 4.1 stars
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Electronics Mart India IPO Listing Details

Listing Date October 17, 2022
BSE Script Code 543626
Final Issue Price ₹59 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Electronics Mart India IPO Contact Details

Electronics Mart India Limited
D. No: 6-1-91, Shop No. 10,
Ground Floor, Next to Telephone Bhavan, Secretaria
Saifabad, Hyderabad – 500 004
Phone: +91 040 4875 1125
Email: cs@bajajelectronics.in
Website: https://www.electronicsmartindia.com/

Electronics Mart India IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Electronics Mart India IPO - Buy or Not

Electronics Mart India IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 16 2 0
Members 17 0 0

Read All Reviews Post Your Review Manage Reviews

Electronics Mart India IPO FAQs

Electronics Mart India IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹500.00 Crores. The issue is priced at ₹56 to ₹59 per share. The minimum order quantity is 254 Shares.

The IPO opens on October 4, 2022, and closes on October 7, 2022.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Electronics Mart India IPO using UPI as a payment gateway. Zerodha customers can apply in Electronics Mart India IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Electronics Mart India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Electronics Mart India IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Electronics Mart India IPO opens on October 4, 2022 and closes on October 7, 2022.

Electronics Mart India IPO lot size is 254 Shares, and the minimum amount required is ₹14,986.

You can apply in Electronics Mart India IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Electronics Mart India 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 India IPO allotment status.

The Electronics Mart India IPO listing date is on October 17, 2022.
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Electronics Mart India IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



865. Mas |   Link |Nov 22, 2022 2:50:06 PM (200+ Posts)
@nidhike Going down badly, what should be done?
864. Dips Zala |   Link |Nov 11, 2022 2:50:12 PM
Why EMI Goes to LC today? @Monster Zero Please Advice its Good for long term or not?
864.1. MehulStk |   Link |Nov 11, 2022 2:58:43 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
because of average result, below expectation.
863. Monster Zero |   Link |Oct 19, 2022 9:16:15 PM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)

Muhurat Trading 2022 will take place on Monday, 24th October 2022 from 6:15 PM to 7:15 PM. For pre-open and post-trading sessions timings, click here.


All intraday positions (including cover and bracket orders) will be squared off 15 minutes before markets close at 7:00 PM
If you buy stocks on Friday, 21st October you can’t sell them on Monday, 24th October 2022 during Muhurat trading hours. The settlement for these will happen on Thursday, 27th October 2022
Credits from F&O trades such as premium from options sold, marked-to-market profit, intraday profits, etc. from 21st October, intraday equity profits and other unsettled credits of equity trades from 20th and 21st October will not be available for trading or withdrawal purposes during the Muhurat trading session. You may check these in your Upstox ledger
For smooth and seamless trading on Muhurat Trading day, kindly add funds before 24th October 2022
Our call & trade facility will be available at 022-61309998 / 022-71309998 from 6:00 PM to 7:15 PM
Fund withdrawals will not be processed on 24th and 26th October as they’re holidays
If you wish to receive funds on or before 21st October, place a withdrawal request by 8:00 AM on 21st October 2022

Recieved from upstox.
863.2. Smile. |   Link |Oct 20, 2022 4:18:49 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Holding right from allotment without sl with full faith.
863.3. Kataria bhiwani |   Link |Nov 4, 2022 12:46:10 PM

862. Monster Zero |   Link |Oct 21, 2022 7:27:44 PM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
Harsha engineers
The Company will hold investor/ analyst calls on November 4, 2022 to discuss the financial results for the quarter and half year ended on September 30, 2022. Details of the calls will be published on the Company’s website in due course.
862.6. Shubham Shukla |   Link |Oct 26, 2022 11:00:08 PM
@Monster zero sir, few recommendation for 2ndry market pls.
862.7. PSD CHENNAI |   Link |Nov 4, 2022 12:44:41 PM
hello @Monster, i am a regular reader of your comments. pls keep continuing your good works. i would like to hear your views about the future paytam after 85% investors selloff on or before 14th November. as, i am holding this stock and finding ways to exit with loss. thanks in advance for your opinion
861. Nidhike |   Link |Oct 25, 2022 2:15:10 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
" Buy Right Sit Tight "

But Some ppl only fight & they r lured by flight by night.🤣🤣

860. Nidhike |   Link |Oct 16, 2022 9:54:52 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
104 LOCKED!!!



860.6. MANU AGGARWAL |   Link |Oct 25, 2022 10:20:24 AM
860.7. MANU AGGARWAL |   Link |Oct 25, 2022 1:29:35 PM
Tight..Tight... karke loose kar diya kya
859. ipo share |   Link |Oct 18, 2022 9:21:10 PM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
@Monster Zero
Please guide whether current price of EMIL is suitable for fresh buy as this trend of UC on 2nd day not seen in any of the recently listed mainline IPOs. I didn't get any allotment in EMIL.
Your opinion is very important for me.
Thanks 🙏
859.3. Monster Zero |   Link |Oct 19, 2022 12:39:42 PM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
RSI is a strength indicator..fir short u need to look at MACD
And beware if you short and stock Hits uc, you'll not be able to close your position and a huge penalty will be levied on you wiping out your capital.
859.4. Amit Surana |   Link |Oct 23, 2022 12:49:39 PM (400+ Posts)
i thought they are only in Electronics... but they are into Modular kitchen and appliances too..


is this new development?
858. Amit Surana |   Link |Oct 23, 2022 12:33:30 PM (400+ Posts)
Update by EMIL...

Easy Kitchens

858.1. Amit Surana |   Link |Oct 23, 2022 12:36:03 PM (400+ Posts)
jpg file not visible??

Sub: Regulation 30 read with Schedule Ill Part B of SEBI (LODR) Regulations, 2015 –
Pursuant to regulation 30(4) of the SEBI, LODR, 2015, this is to inform you that the Electronics Mart India Limited has commenced the commercial operations of three new Specialized Outlets under the brand ‘EASY KITCHENS’ on 22nd October 2022 at the following locations in Hyderabad, Telangana.
1. 16-11-477/3/2, First Floor, CL Ready Complex, Dilsukhnagar, Ranga Reddy District-500036, Telangana.
2. Plot No. 17, Survey No. 302/3 and 321(Part), TSIIC, Electronic Complex Extension, Kushaiguda, Medchal-Malkajgiri District-500062, Telangana
3. D. No. 8-2-293/82/A/721, Plot No. 721, Phase – III, Road No. 36, Jubilee Hills, Hyderabad – 500033, Telangana.
We request that you kindly take the above information on record.
857. MUNAVIR |   Link |Oct 22, 2022 6:54:41 AM
I applied FOR electronic mart india IPO under NII for 39116 share ( 154 lot) at 59 as share price

But i didnt get any single lot.

I checked the basis of allotment. 39116 category lot also not found in basis of allotment. How it happen?
857.1. Amit Surana |   Link |Oct 22, 2022 12:47:15 PM (400+ Posts)
and it is surprise to see so many lots not mentioned in this BOA... dont know if there was no application with such lots of something wrong with this list itself :)

856. bAAz |   Link |Oct 22, 2022 8:31:40 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Bikaji foods ipo
3-7 november 2022
856.1. bAAz |   Link |Oct 22, 2022 8:51:39 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Mainboard ipo
Bikaji foods
Keystone Realtors ipo
9-11 nov.
855. Vinny |   Link |Oct 21, 2022 9:37:46 PM (200+ Posts)
Pls recommend a bank where the interest rates are high and it also allows third party asba. thanks.
854. tnk |   Link |Oct 19, 2022 12:13:58 PM
Time to be cautious.
Market has seen suucessive LC after successive UC (No reference to this particular share)
854.1. tnk |   Link |Oct 21, 2022 3:28:06 PM
It happened.. though without LC, but very close to LC
853. ipo share |   Link |Oct 21, 2022 12:56:52 PM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
@Monster Zero
EMIL trading below 90 now. What is your opinion whether to buy or wait?
Thanks 🙏
853.1. Monster Zero |   Link |Oct 21, 2022 2:21:27 PM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
Buy at 85 only...for good gains
853.2. ipo share |   Link |Oct 21, 2022 2:50:00 PM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
@Monster Zero
Thanks for your kind guidance 🙏
852. Indra the tiger |   Link |Oct 20, 2022 10:34:04 PM
Where i open demat ac with HUF PAN Card with minimum charges
851. Prasen Ipo |   Link |Oct 19, 2022 9:26:55 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@monster zero
Any updates about Syram Q2 results
851.2. Prasen Ipo |   Link |Oct 19, 2022 9:34:48 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Thanks monster zero
851.3. Smile. |   Link |Oct 20, 2022 7:05:56 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Before buying any stock I always trust screener.in
Nice suggestion by @monsterzero💫
850. Amit Surana |   Link |Oct 20, 2022 5:34:15 PM (400+ Posts)
any news for upcoming IPO

DCX Systems

Tentative dates: October 31 to November 2.
849. KING VINOD |   Link |Oct 20, 2022 4:13:07 PM
IPO Guru IPO Guru (2300+ Posts, 4800+ Likes)
DCX Systems Limited file RHP with SEBI on 19th OCT 2022

Issue Date : 31 Oct to 2 Nov 2022
Fresh : ₹500 Cr
OFS : ₹100 Cr
Total Size : ₹600 Cr Appx
Retail : 10%
FV : ₹2
IPO Open : 31-Oct-2022
IPO Close : 2-Nov-2022
Basis of Allotment : 7-Nov-2022
Initiation of Refunds: 9-Nov-2022
Credit of Shares : 10-Nov-2022
IPO Listing Date : 11-Nov-2022
848. KING VINOD |   Link |Oct 20, 2022 3:59:50 PM
IPO Guru IPO Guru (2300+ Posts, 4800+ Likes)
DCX Systems Limited file RHP with SEBI on 19/October/2022

Issue Date : 31-Oct to 2-Nov 2022
Fresh : ₹400 Cr
OFS : ₹100 Cr
Retail : 10%
FV : ₹2
IPO Open : 31-Oct-2022
IPO Close : 2-Nov-2022
Basis of Allotment : 7-Nov-2022
Initiation of Refunds: 9-Nov-2022
Credit of Shares : 10-Nov-2022
IPO Listing Date : 11-Nov-2022
847. SMMM |   Link |Oct 20, 2022 3:29:59 PM
Stop-loss triggered @95. Will look to re-enter at lower levels.
846. ManishDwiv |   Link |Oct 20, 2022 1:58:31 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Sold all holding at 100 today.