Electronics Mart India Limited (EMIL) has come up with an initial public offer (IPO). It will open on October 04-07, 2022 at Rs.56-59 a share. The IPO issue size is around Rs. 500 crore. The minimum bid will be for 254 shares and in its multiples thereafter.
Electronics Mart India Limited is the 4th largest and one of the fastest growing consumer durables and electronics retailers in India of Financial Year 2021. It is the largest regional organized player in the southern region in revenue terms with dominance in the states of Telangana and Andhra Pradesh. The company commenced its business operations in 1980 and since then there has been a steady rise in its revenue from operations. It has been one of the fastest growing consumer durable & electronics retailers in India with a revenue CAGR of 17.90% from Financial Year 2016-2021. The company has consistently demonstrated profitability with a robust operating performance. EMIL had the second highest operating margin amongst our peers in Fiscal Year 2021.
Electronics Mart offers a diversified range of products with focus on large appliances (air conditioners, televisions, washing machines and refrigerators), mobiles and small appliances, IT and others. Its offering includes more than 6,000 SKUs across product categories from more than 70 consumer durable and electronic brands. The company operates its business activities across three channels of retail, wholesale and e-commerce.
Website – https://www.electronicsmartindia.com/
|Pavan Kumar Bajaj – 50.69%||Karan Bajaj – 49.29%|
|Pre-Issue Shareholding – 99.98%||Post-Issue Shareholding – 77.97%|
Strength & Weakness
|4th largest consumer durable and electronics retailer in India||Majority stores are presently concentrated in South India|
|Fastest growing consumer durable and electronics retailer||Majority of our retail sales from Telangana and Andhra Pradesh|
|Consistent track record of growth||Competition from online retailers|
|Strategically located logistics and warehousing facilities||Large part of revenues is dependent on top 5 brands|
|Diversified product offering||Competitive industry|
|Stringent inventory management||Highly dependent on the brand owners|
|Increasing market presence||Largely depend on our brand reputation|
|Experienced management team||Delays and defaults in payment of statutory dues|
|AO Smith||Ariston Thermo||Butterfly|
|Reliance Retail||Croma||Vijay Sales|
|Year||Revenue (in Crore)||Profit (in Crore)|
Object of Issue
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 our Company.
4) General Corporate Purposes.
Electronics Mart IPO Lot Size
Electronics Mart IPO details
|IPO Opening Date||October 04, 2022|
|IPO Closing Date||October 07, 2022|
|Face Value||Rs.10 per Equity Share|
|IPO Price||Rs. 56-59 per share|
|Market Lot||254 shares|
|Minimum Order Quantity||254 shares|
|Listing At||NSE, BSE|
|No. of shares offered (OFS)||shares|
|Issue Size||Up to Rs. 500 Crore|
|QIB Shares Offered||50% of the offer|
|Retail Shares Offered||35% of the offer|
|NII/HNI Shares Offered||15% of the offer|
Electronics Mart IPO Timetable
|IPO Date||October 04-07, 2022|
|Allotment Date||October 12, 2022|
|Initiation of Refunds||October 13, 2022|
|Credit of share to Demat a/c||October 14, 2022|
|IPO Listing Date||October 17, 2022|
Link Intime – https://ris.kfintech.com/ipostatus/
Book Lead Managers