Electronics Mart India IPO Closes Today: Check Today’s GMP, Expected Listing Price and Other Details

New Delhi: Electronics Mart India IPO GMP (Gray Market Premium) today suggests subscribers will see a stable debut. As per today’s GMP, Electronics Mart India is available at a premium of Rs 34.

Electronics Mart India Stock Market Debut

Market analysts say shares of Electronics Mart India (IPO) could make a positive debut on public exchanges. The listing of Electronics Mart India will take place on October 17, 2022. The consumer durables retail chain will be listed on both NSE and BSE.

Electronics Mart India IPO Details:

Electronics Mart India received 7.57 subscriptions on the second day of offer on Thursday. The IPO received bids for 47.29 crore shares against 6.25 crore shares offered, according to NSE data. The Non-Institutional Investor category was subscribed 11.74 times, while the Retail Investor (RII) part was subscribed 7.81 times. The Qualified Institutional Buyers (QIBs) category received 4.01 times the subscription.

The IPO consists of a new share issue totaling Rs 500 crore, with no offer for sale component. Price range for the offering is Rs 56-59 per share.

On Tuesday, on the first day of the offering, Electronics Mart India’s public offer was subscribed to 1.69 times.

Electronics Mart India

Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a privately held consumer durables and electronics retailer called Bajaj Electronics.

The multi-brand outlets operate under the Bajaj Electronics brand, with the exception of two specialty stores under the name ‘Kitchen Stories’, targeting kitchen-specific requirements, and one specialist retail format, under the name ‘Audio & Beyond’, targeting high-end home audio. and home automation solutions.

Anand Rathi Share and Stock Brokers, IIFL Securities and JM Financial are the managers of the offer.

With PTI inputs

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