The company had 112 stores across 36 cities as of August this year. The previous best year for IPO was 2017 when 68,827 crore was raised. Incorporated in 1980, Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of Bajaj Electronics. The company’s shares are expected to list on stock exchanges on Monday, October 17, 2022. The book-running lead managers for the EMIL IPO issue are JM Financial IIFL Securities and Anand Rathi Securities.Īs per market observers, Electronics Mart India shares are commanding a premium or grey market premium (GMP) of Rs 35 in the grey market today. A dual-listed company, Carnival is composed of two companies Panama-incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc which function as one entity.
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Click on Download Application form Button Finally, Check on your Download Folder. Carnival Corporation & plc is a British-American cruise operator with a combined fleet of over 100 vessels across 10 cruise line brands. Choose OTHERS from the Category Type drop down menu bar. Choose ‘HARSHA’ from the Symbol drop down menu bar. The credit of allotted shares to the Demat account will begin by October 14.ĮMIL is likely to make its debut in the market on October. First, Open the BSE IPO Allotment link bseindia. The final allotment of shares will be announced by October 12 with refund initialization by October 13. The company said that it intends to utilise the net proceeds from the IPO to fund its capital expenditure, support incremental working capital requirements and pay debt and will also be used for general corporate purposes. For the quarter ending in June 2022, EMIL reported a net profit of Rs 40.66 crore and Rs 1,410.25 crore in revenue. In FY 2022, the company reported a net profit of Rs 103.89 crore from a revenue of Rs 4,349 crore. At the upper range of the price band, one lot size would be worth Rs 14,986.ĮMIL’s performance in the Last Financial Year Retail investors can apply for a minimum of 1 and a maximum of 13 lots, making up a total of 3,302 shares. The entire issue would be in the form of a fresh of shares aggregating to Rs 500 crore. The portion for non-institutional investors received 1.04 times subscription on day 1 of the issue.ĮMIL has fixed the price band for the IPO range of Rs 56 to Rs 59.
The category for Retail Individual Investors (RIIs) received 1.98 times subscription, while that of Qualified Institutional Buyers (QIBs) got subscribed 1.68 times. Electronics Mart India Ltds initial public offer (IPO) is seeing strong demand in the grey market as the trading premium has hit higher double-digits since the announcement. The issue closes on Friday, October 7, 2022. The IPO received bids for 10,58,09,796 shares against 6,25,00,000 shares on offer, according to the data available with the NSE. Electronics Mart IPO Subscription Open: The Initial Public Offering (IPO) of consumer durables retail chain Electronics Mart India was subscribed 1.69 times on the first day of offer on Tuesday.
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