IPO, Share Market

Electronics Mart India IPO: Listing, Allotment, GMP

Posted By: Admin
October 9, 2022 |

Electronics Mart India IPO Listing Date:

Electronics Mart India IPO: Check complete details of EMI Initial Public Offering including Electronics Mart India IPO GMP, Electronics Mart India IPO Listing Date, Electronics Mart India IPO Allotment Date, Electronics Mart India IPO Refund date, Electronics Mart India IPO Financials, Electronics Mart India Address, Electronics Mart India contact number, EMI company Website, EMI Company email id, Electronics Mart India Initial Public Offering expert comments and every other thing about EMI Initial Public Offering.

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EMI IPO had got tremendous response from the domestic investors. The public issue of Electronics Mart India was subscribed 71.93 times on the last day. On the other hand, the EMI IPO got huge interest from the qualified institutional buyer as subscription on Friday got subscribed 169.54 times.

The EMI IPO reserved portion for non-institutional investors witnessed a subscription of 63.59 times. Retail Portion got a subscription of 19.71 times.

The EMI IPO allotment may be on 12^th October 2022. After electrifying investment in EMI IPO, bidders are eagerly waiting for EMI IPO allotment.

How is the Grey market response for EMI Initial Public Offering, EMI IPO GMP?

As the investors have shown strong response in the EMI IPO, it is showing positive signs.

As per observation, shares of Electronics Mart India Ltd are available at a premium of ₹35 in the grey market. The Electronics Mart India Ltd GMP increased by 5 rupees on Saturday from the previous day. On Friday the Electronics Mart India Ltd GMP was Rs. 30 a share. Strong response by investors has raised the grey market’s expectations from the Electronics Mart India Ltd public issue. Although Dalal Street sentiments were highly volatile throughout the week.

If the pace is maintained the Electronics Mart IPO GMP may increase significantly. The Electronics Mart India Ltd price band is ₹56 to ₹59 per equity share.

What does GMP mean?

GMP or Grey Market Premium is the expected price increase from the offering price. The Electronics Mart India Ltd GMP helped in estimating the Electronics Mart India Ltd listing price. In this case GMP is Rs. 35, hence the expected EMI IPO listing price is (59 + 35) 94 rupees as of now. This means the EMI IPO may list 60 per cent higher from its upper price band of ₹59 per share.

However, stock market experts’ advice that one should not rely on the GMP of a public issue as it has nothing to do with the financials of the company. Share market experts also say that grey market data is completely speculative. The GMP involves even those who have a high stake involved in the public offer. Hence, GMP can be artificial as well.

We advise you to follow the balance sheet of the company which gives a concrete and exact picture of the company. An investor should always see the financials of a company before investing.

EMI IPO, experts’ comments:

The experts have given a ‘buy’ signal to Electronics Mart IPO. The advice is based on the facts that Electronics Mart India Ltd is the 4th largest consumer durable and electronics retailer in India and also the largest in South India. Electronics Mart India Ltd (EMI) has favorable terms of pricing and margins from brands due to its scale. The Electronics Mart India Ltd EMI has performed really well among all major competitors in consumer durable and electronics retailers segment.

Electronics Mart India Ltd Financials

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1109.15	2826.1	77.1	340.5	377.06
31-Mar-20	1347.6	3179.02	81.61	433.08	520.54
31-Mar-21	1523.53	3207.37	58.62	491.92	547.95
31-Mar-22	1824.74	4353.07	103.89	596.51	593.64
30-Jun-22	1755.58	1410.25	40.66	637.97	475.91

Amount in ₹ Crore