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.
Overview
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.
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