Electronics Mart India Ltd. IPO

It is one of the major consumer durables player in southern region of India with a mix of ownership and lease rental business model to save on costs and increase their margin.

RHP
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DRHP
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Open Date

2022-10-04

Close Date

2022-10-07

IPO Details

Check out the issue details for Electronics Mart India Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 59

Price Band

₹ 56 - 59

Issue Size

500 Cr.

Issue Type

Book Built

Open

2022-10-04

Close

2022-10-07

Listingprice

₹ 90

ListingGain

52.54%

Listing Date

2022-10-17

CMP

₹ 204.3

Current Return

246.27%

News

Electronics Mart Ind - Quaterly Results7 Feb, 2:19PM Electronics Mart Ind - Quaterly Results7 Feb, 2:19PM Electronics Mart Ind - Quaterly Results7 Feb, 2:19PM Electronics Mart India starts commercial operation of two stores in Andhra Pradesh2 Feb, 10:50AM Electronics Mart India starts commercial operation of store in Telangana29 Jan, 10:50AM Electronics Mart India informs about commencement of commercial operations27 Jan, 3:01PM Electronics Mart India starts commercial operations of store in Andhra Pradesh24 Jan, 10:20AM Electronics Mart starts commercial operation of two stores in Andhra Pradesh 23 Jan, 10:29AM Electronics Mart India informs about analyst meet7 Dec, 2:52PM Electronics Mart India informs about change in directorate2 Dec, 3:35PM Electronics Mart starts commercial operation of store in Andhra Pradesh29 Nov, 10:38AM Electronics Mart India commences commercial operation of new Multi Brand Store in Andhra Pradesh28 Nov, 9:30AM Electronics Mart India informs about investor presentation3 Nov, 5:02PM Electronics Mart Ind - Quaterly Results3 Nov, 2:00PM Electronics Mart Ind - Quaterly Results3 Nov, 2:00PM Electronics Mart Ind - Quaterly Results3 Nov, 2:00PM Electronics Mart India commences commercial operation of new Multi Brand Store in Telangana18 Oct, 9:59AM Electronics Mart starts commercial operation of store in Andhra Pradesh 17 Oct, 10:58AM Electronics Mart starts commercial operation of store in New Delhi12 Oct, 2:06PM Electronics Mart starts commercial operation of new store in Andhra Pradesh25 Sep, 10:22AM

Company Financials

You can get the following financial statements of Electronics Mart India Ltd. as of now.

Subscription Details

The details about the Electronics Mart India IPO is as:

  • The issue size of the IPO is 500 Cr.
  • The price band for Electronics Mart India IPO is Rs 56 to Rs 59.
  • The shares of Electronics Mart India IPO will list on 17th Oct 2022.
  • The latest tentative GMP of Electronics Mart India IPO is Rs 35.
  • The shares of Electronics Mart India IPO is subscribed 75.78 Times as of 7th October 2022.

 

Electronics Mart India Valuation

The approx valuation of Electronics Mart India IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 59
Existing Shares (Qty) 30 Cr
Fresh Issue (Amount) 500 Cr
Market Cap 2270 Cr
EPS (FY21) Rs 3.46 
PE Ratio 17.05x
Industry PE ~45.70x

 

Electronics Mart India IPO Issue Size

Electronics Mart India IPO issue size is 500 Cr

Issue Amount
Fresh Issue 500 Cr
Offer For Sale  0

 

Electronics Mart India IPO Market Lot

An Individual can apply for a minimum 1 lot of 254 shares and a maximum of 13 lots of 3302 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 254 Rs 14,986
 Maximum 13 3302 Rs 1,94,818

 

Electronics Mart India IPO share offer

The shares of Electronics Mart India IPO is subscribed 75.78 Times as of 7th October 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 178.63 Times
Non-Institutional Minimum 15% 67.00 Times
Retail Individual Minimum 35% 20.77 Times
Total   75.78 Times

 

Electronics Mart India IPO Grey Market Premium

As on GMP (Tentative)
6 Oct 2022 Rs 35
7 Oct 2022 Rs 30
8 Oct 2022 Rs 30
10 Oct 2022 Rs 30
11 Oct 2022 Rs 30
12 Oct 2022 Rs 35

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for  Electronics Mart India IPO:

Schedule Date
Basis of Allotment 12 Oct 2022
Refunds 13 Oct 2022
Credit to Demat Account 14 Oct 2022
IPO Listing Date 17 Oct 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1645.98 3172.48 3201.88 4349.32 5445.71
Total Expenditure 1546.34 2944.82 2997.98 4057.36 5109.63
Operating Profit 99.63 227.66 203.9 291.95 336.08
Other Income 1.05 6.54 5.49 3.75 11.04
Interest 17.3 63.38 71.67 84.61 98.54
Depreciation 8.12 50.76 58.14 71.32 85.38
Exceptional Items 0 -7.87 0 0 0
Profit Before Tax 75.27 112.2 79.58 139.77 163.21
Provision for Tax 27.27 30.57 20.94 35.87 40.39
Net Profit 48 81.62 58.63 103.9 122.81
Adjusted EPS (Rs.) 0.16 0.27 0.2 0.35 0.32

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 300 300 300 300 384.75
Total Reserves 51.93 133.09 191.95 296.55 799.62
Borrowings 55 62.97 62.13 55.16 100.75
Other N/C liabilities -2.38 331.06 392.16 506.93 642.37
Current liabilities 403.59 513.73 565.73 655.73 739.03
Total Liabilities 808.14 1340.85 1511.97 1814.38 2666.51
Assets
Net Block 179.36 571.48 673.65 784.95 1142.12
Capital WIP 19.53 2.43 2.04 23.84 13.88
Intangible WIP 0 0 0 0 0
Investments 0 0.1 0.11 0.11 0.11
Loans & Advances 25.38 45.14 32.85 48.9 50.09
Other N/C Assets 13.54 0.03 0.03 0.03 54.74
Current Assets 570.34 721.67 803.28 956.55 1405.58
Total Assets 808.14 1340.85 1511.97 1814.38 2666.51
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 3.05 5.46 2.5 2.48 2.11
Profit Before Tax 29.58 46.14 80.78 50.12 62.03
Tax 7.67 10.02 20.52 12.75 16.25
Profit After Tax 21.91 36.12 60.26 37.38 45.79
Adjusted EPS (Rs) 0.57 0.94 1.57 0.97 1.19

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 72.97 0
Sep 2023 72.97 0
Jun 2023 77.97 0
Mar 2023 77.97 0
Dec 2022 77.97 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 75.27 112.2 79.58 139.77 163.21
Adjustment 25.74 119.58 130.36 152.58 171.73
Changes in Assets & Liabilities -78.89 -153.02 -125.83 -138.58 -289.1
Tax Paid -47.33 -42.76 -20.07 -37.58 -48.54
Operating Cash Flow -25.21 36 64.04 116.19 -2.7
Investing Cash Flow -39.79 -70.4 -59.96 -67.85 -300.66
Financing Cash Flow 59.82 70.64 -56.12 -48.94 469.78
Net Cash Flow -5.19 36.25 -52.04 -0.6 166.42
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