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

₹ 215

Current Return

264.41%

News

Electronics Mart India starts commercial operations of new store in Andhra Pradesh14 Oct, 11:42AM Electronics Mart India informs about commence of operations11 Oct, 5:29PM Electronics Mart India starts commercial operations of new store in Andhra Pradesh8 Oct, 12:12PM Electronics Mart India starts commercial operations of new store in Delhi5 Oct, 2:13PM Electronics Mart India starts commercial operations of new store in Andhra Pradesh4 Oct, 3:43PM Electronics Mart India informs about updates13 Sep, 5:12PM Electronics Mart India informs about disclosure 2 Sep, 12:22PM Electronics Mart starts commercial operations of new store in Andhra Pradesh16 Aug, 3:12PM Electronics Mart starts commercial operations of new store in New Delhi13 Aug, 5:46PM Electronics Mart Ind - Quaterly Results9 Aug, 2:11PM Electronics Mart Ind - Quaterly Results9 Aug, 2:11PM Electronics Mart Ind - Quaterly Results9 Aug, 2:11PM Electronics Mart India informs about press release3 Aug, 3:54PM Electronics Mart starts commercial operations of new store in Telangana26 Jul, 9:49AM Electronics Mart India starts commercial operations of new store in Telangana9 Jul, 9:59AM Electronics Mart India starts commercial operations of new store in Andhra Pradesh19 Jun, 10:13AM Electronics Mart India informs about updates17 Jun, 1:03PM Electronics Mart India starts commercial operations of new store in Telangana17 Jun, 11:26AM Electronics Mart India reports 12% rise in Q4 net profit27 May, 3:17PM Electronics Mart India informs about outcome of board meeting 27 May, 2:50PM

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 3172.48 3201.88 4349.32 5445.71 6285.41
Total Expenditure 2944.82 2997.98 4057.36 5109.63 5835.89
Operating Profit 227.66 203.9 291.95 336.08 449.51
Other Income 6.54 5.49 3.75 11.04 10.04
Interest 63.38 71.67 84.61 98.54 107.67
Depreciation 50.76 58.14 71.32 85.38 105.69
Exceptional Items -7.87 0 0 0 0
Profit Before Tax 112.2 79.58 139.77 163.21 246.2
Provision for Tax 30.57 20.94 35.87 40.39 62.22
Net Profit 81.62 58.63 103.9 122.81 183.98
Adjusted EPS (Rs.) 0.27 0.2 0.35 0.32 0.48

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 300 300 300 384.75 384.75
Total Reserves 133.09 191.95 296.55 799.62 985
Borrowings 62.97 62.13 55.16 100.75 97.98
Other N/C liabilities 331.06 392.16 506.93 642.37 778.18
Current liabilities 513.73 565.73 655.73 739.03 779.72
Total Liabilities 1340.85 1511.97 1814.38 2666.51 3025.63
Assets
Net Block 571.48 673.65 784.95 1142.12 1356.35
Capital WIP 2.43 2.04 23.84 13.88 44.94
Intangible WIP 0 0 0 0 0
Investments 0.1 0.11 0.11 0.11 0.11
Loans & Advances 45.14 32.85 48.9 50.09 84.42
Other N/C Assets 0.03 0.03 0.03 54.74 0
Current Assets 721.67 803.28 956.55 1405.58 1539.81
Total Assets 1340.85 1511.97 1814.38 2666.51 3025.63
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Other Income 2.5 2.48 2.11 2.96 2.17
Profit Before Tax 80.78 50.12 62.03 53.27 97.26
Tax 20.52 12.75 16.25 12.71 24.76
Profit After Tax 60.26 37.38 45.79 40.56 72.5
Adjusted EPS (Rs) 1.57 0.97 1.19 1.05 1.88

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 65.17 0
Jun 2024 72.97 0
Mar 2024 72.97 0
Dec 2023 72.97 0
Sep 2023 72.97 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 112.2 79.58 139.77 163.21 246.2
Adjustment 119.58 130.36 152.58 171.73 202.54
Changes in Assets & Liabilities -153.02 -125.83 -138.58 -289.1 -217.81
Tax Paid -42.76 -20.07 -37.58 -48.54 -70.31
Operating Cash Flow 36 64.04 116.19 -2.7 160.62
Investing Cash Flow -70.4 -59.96 -67.85 -300.66 -116.89
Financing Cash Flow 70.64 -56.12 -48.94 469.78 -160.86
Net Cash Flow 36.25 -52.04 -0.6 166.42 -117.13
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