Electronics Mart IPO: Electronics Mart India intends to raise Rs 500 crore through IPO. Therefore, the price band for this IPO has been fixed at Rs 56-59 per share.
Electronics Mart India Ipo
Electronics Mart IPO : If you are still in any company Investing in IPO If you have been doing this and are looking for a good IPO for a long time, then the IPO of Electornics Mart India will be open for your investment from today till 7 October. You can take advantage of good returns by investing in this IPO. Let us tell you that to give better returns to the investors, the shares of this company were trading at a premium of Rs 31 in the Gray Market (GMP) today. Which is a good sign for an IPO. Investors can take good profit by investing in this IPO.
According to sources, it has come to the fore that the company intends to raise Rs 500 crore through IPO. The price band for Electronics Mart India IPO has been fixed at Rs 56-59 per share. Electronics Mart India has a good hold in South India regarding investors. Therefore, market experts have a positive attitude about this IPO. Even in the gray market, unlisted shares of IPO are getting good response. It is being speculated that this IPO can give better returns to its investors in the coming days.
Can apply for at least 254 shares
If you want to invest in Electronics Mart India IPO then you can apply for minimum 254 shares. That is, at least one lot for which investors will have to spend Rs 14,986, while maximum 13 lots can be applied for. For this you will have to spend 194818 rupees. In this IPO, 50 percent stake has been reserved for institutional investors. On the other hand, 35 percent quota has been reserved for retail investors and 15 percent for non-institutional investors.
Where will the proceeds from the IPO be used?
Electronics Mart India For its capital expenditure, it will use the proceeds from this IPO to meet working capital requirements and pay off the loan. Let us tell you that Pawan Kumar Bajaj and Karan Bajaj had established Electronics Mart India Limited (EMIL) with a proprietary consumer durables and electronics store named Bajaj Electronics. Electronics Mart India has 112 stores in 36 cities across the country.