Electronic Mart India IPO: Check Open/Close Date, IPO Price, IPO Size | Espresso


Electronic Mart India Limited IPO to Open on Oct 4: Check IPO Details, Issue Date, Price

September 30, 2022
Electronic Mart India Limited IPO to Open on Oct 4: Check IPO Details, Issue Date, Price

Electronics Mart India Limited is coming out with a fresh public issue to raise Rs 500 crores from the market.

Below are the details of the Electronics Mart India Limited IPO:

  • Issue opens – Oct 4 (Tuesday)
  • Issue closes – Oct 7 (Friday)
  • Issue size – Rs 500 crores
  • Price band – Rs 56 to 59 per equity share
  • Bid lot – 254 shares and in multiples thereof

Heard about Pre-Apply IPO?

With Espreso's Pre-Apply IPO feature, you can apply for IPOs before the start date or even after market hours! Check out these easy-to-follow tutorials:

Quick Video Guides
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

Quick Visual Walkthroughs
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

And here are some details of the company and further details on the Electronics Mart India Limited.

Company details:

·        Electronics Mart India Limited is the 4th largest and one of the fastest growing consumer durables and electronics retailers in India and as of Financial Year 2021, they are the largest regional organised player in the southern region in revenue terms with dominance in the states of Telangana and Andhra Pradesh (Source: Company Commissioned CRISIL Report). They commenced their business operations in 1980 and since then there has been a steady rise in their revenue from operations.

·    As on August 31, 2022, they had 112 stores across 36 cities / urban agglomerates with a retail business area of 1.12 million sq. ft. As of August 31, 2022, out of the total 112 stores they operate, 11 stores are owned, 93 stores are under long-term lease rental model and eight stores are partly owned and partly leased.

·    They have built a longstanding market presence with more than three decades of experience having commenced their business operations as a proprietary concern by setting up their first consumer durable and electronic retail store at Hyderabad. They converted the erstwhile sole proprietorship into a partnership firm under the name of ‘M/s Bajaj Electronics’ pursuant to a partnership deed dated March 25, 2011 and subsequently converted the partnership firm into a public limited company under the Companies Act, 2013 with the name ‘Electronics Mart India Limited’.

·    They offer a diversified range of products with focus on large appliances (air conditioners, televisions, washing machines and refrigerators), mobiles and small appliances, IT and others. Their offering includes more than 6,000 SKUs across product categories from more than 70 consumer durable and electronic brands. They have been steadily increasing their market reach to cover 14 cities in Andhra Pradesh, 20 cities in Telangana and two cities in the NCR region, as on August 31, 2022, by setting up new consumer durable and electronic retail stores and venturing into diverse and specialized product categories. They operate their business activities across three channels of retail, wholesale and e-commerce.

·        They have been bestowed with certain awards and titles by their brand partners such as, “Loans Champion” by Redington and Ingram Micro, “AirPods Champion” by Redington and Ingram Micro “Mac Champion” by Redington and Ingram Micro, “Certificate of Appreciation” for exemplary sales contribution by Samsung, “Best Electronics Retail Chain” by Radio City, “Best Business Performance Q1-2022” by Samsung, “Pride of Telangana- Achiever” in the Retail Category 2021 by Round Table India and “Diamond- 2021” by Oppo Premier Club, “President’s Club- 2021” by Samsung and “Certificate of Recognition” towards Samsung mobile business by Samsung in 2021, “Most promising channel partner – Dispensers” in 2020, “Best Business Partner Excellence Award” and “Best Business Partner Excellence Award-2019” and “Best Contribution-2019” by VIVO in 2019, “Highest Sales - Retail Chain” to their Hyderabad Branch in 2019, “Remarkable Contribution Award” in 2019, “Highest RA Sales (Regional Retail) Award” to their Hyderabad branch in 2018, “Outstanding Performer (Air Coolers)” in 2017 and “Best Air Conditioner Partner” in 2012.

Issue break-up:

  • QIB – 50% of the offer – Rs 250 crores
  • NIB – 15% of the offer – Rs 75 crores
  • RET – 35% of the offer – Rs 175 crores




KFin Technologies Limited


All Retail & NII bidders' (bids up to Rs 5,00,000) applications through brokers are compulsorily in UPI Mode

Not an Espresso customer, but still want to apply for the Electronics Mart India Limited IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.