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

Oct 4, 2022 - Oct 7, 2022

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 Worth
31-Mar-191109.152826.177.1340.5
31-Mar-201347.63179.0281.61433.08
31-Mar-211523.533207.3758.62491.92
Amount in ₹ Crore

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 IPO Details

Electronics Mart India IPO Date Oct 4, 2022 to Oct 7, 2022
Electronics Mart India IPO Face Value ₹10 per share
Electronics Mart India IPO Price [.] to [.] per share
Electronics Mart India IPO Lot Size
Issue Size[.] shares of ₹10
(aggregating up to ₹500.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
Company Promoters

Pavan Kumar Bajaj and Karan Baja are the company promoters.

Electronics Mart India IPO Timeline (Tentative Timetable)

Electronics Mart India IPO opens on Oct 4, 2022, and closes on Oct 7, 2022. The Electronics Mart India IPO bid date is from Oct 4, 2022 10.00 A.M. to Oct 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Electronics Mart India IPO Opening Date Oct 4, 2022
Electronics Mart India IPO Closing Date Oct 7, 2022
Basis of Allotment Oct 12, 2022
Initiation of Refunds Oct 13, 2022
Credit of Shares to Demat Oct 14, 2022
Electronics Mart India IPO Listing Date Oct 17, 2022

Electronics Mart India IPO Promoter Holding

Pre Issue Share Holding 99.99%
Post Issue Share Holding

Electronics Mart India IPO Prospectus

Electronics Mart India IPO Rating

181
3.8
Rating:Rated 3.8 stars
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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
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://karisma.kfintech.com/

Electronics Mart India IPO Review

Electronics Mart India IPO Recommendation Summary

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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 [.] to [.] per share. The minimum order quantity is .

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

Electronics Mart India IPO lot size and the minimum order quantity is not available at this time. Please check again later.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Electronics Mart India IPO will be done on Oct 12, 2022, and the allotted shares will be credited to your demat account by Oct 14, 2022. Check the Electronics Mart India IPO allotment status.

The Electronics Mart India IPO listing date is not yet announced. The tentative date of Electronics Mart India IPO listing is Oct 17, 2022.
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