Electronics Mart IPO allotment: The IPO of the country’s fourth largest consumer durables and electronics retail chain Electronics Mart (Electronics Mart IPO) will be alloted today i.e. on October 12. This IPO closed on 8 October 2022. It has been subscribed 71.93 times till the last day, which is the second biggest issue of this year in terms of subscriptions. The company is about to issue new shares worth Rs 500 crore through the IPO of Electronics Mart. Those who have applied for this share can check Electronics Mart IPO status by visiting BSE website or registrar Keffin Technologies.
The company issued new shares worth 500 crores
Electronics Mart is issuing shares worth Rs 500 crore through IPO. 6.25 crore equity shares have been placed in the bidding process. Earlier, 8.47 crore shares were placed in it but after raising Rs 150 crore from anchor investors on October 3, the offer size was reduced to 6.25 crore equity shares. The allotment will be final and after that its listing will be done on 17 October 2022. According to market experts, the Gray Market Premium (GMP) of Electronics Mart IPO is at Rs.29.
Check here category wise subscription details
QIB (Qualified Institutional Buyers) – 169.54 times
NII (Non-Institutional Investors) – 63.59 times
Retail investors – 19.72 times
Total Investors – 71.93 times
Check your allotment status on BSE website like this-
1. For this, first you click on https://www.bseindia.com/investors/appli_check.aspx.
2. After this, after selecting Equity, select Electronics Mart IPO in it.
3. After that enter your IPO number.
4. After this, further fill the PAN details.
5. Then click on I am not Robot and press submit button.
6. The allotment status of your Electronics Mart IPO will open in front of your screen.
Check your allotment status on the registrar site like this-
- For this, first of all visit the site https://ris.kfintech.com/ipostatus/.
- You will see link 1, 2 and 3 here, select any one.
- Next select Electronics Mart IPO option.
- Next you will see three options like Application Number, Demat Account and PAN Number. Select any one.
- On selecting the option like PAN, fill the PAN number.
- Next fill the captcha and click on submit.
- You will easily see the application status further.
Company details-
Electronics Mart India is India’s fourth largest consumer durables and electronics retail chain which was started by Pawan Kumar Bajaj and Karan Bajaj. It has 112 stores in 36 cities across the country. Most of these are in Delhi-NCR, Andhra Pradesh and Telangana. In the financial year 2021-22, revenue of Rs 4349.32 crore was generated from the operation as compared to Rs 3201.88 crore in the first financial year. Talking about the net profit of the company, it had come down to Rs 40.65 crore from Rs 103.89 crore in the financial year 2021-2022. At the same time, the working capital facilities of August 2022 was Rs 919.58 crore. At the same time, in June 2022, it was Rs 446.54 crore in debt.
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