Electronics Mart India IPO to open on Oct 4
New Delhi Electronics Mart India (EMIL) will vend its shares in the price band of Rs56-59 during its original public immolation (IPO), which will protest off for subscription on Tuesday, October 4.
company is looking to raise Rs500 crore through its original stake trade, which entirely consists of the allocation of fresh equity shares with a face value of Rs10 each. Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. Its immolations include further than 6,000 SKUs (stock keeping units) across product orders from over 70 consumer durable and electronic brands.
The anchor book will open on Monday, October 3. Investors can make a minimal shot of 254 equity shares and in multiples thereof. The issue will close for subscription on Friday, October 7. The company intends to use the net proceeds from its issue towards capital expenditure, prepayment of debt and incremental working capital conditions, other than general commercial purposes.
Electronics Mart India (EMIL) was innovated by Pavan Kumar Bajaj and Karan Bajaj as a personal concern with a consumer durables and electronics store under the name of’ Bajaj Electronics’. It operates and manages 112 stores with a retail business area of 1.12 million square bases, located across 36 metropolises, generally in Andhra Pradesh, Telangana and NCR.
The company has fixed 50 per cent allocation for good institutional buyers, whereas non-institutional buyers will get 15 per cent shares. The remaining 35 per cent shares will be allocated to the retail stab. The company has appointed Anand Rathi Securities, IIFL Securities NSE-0.67% and JM Financial NSE-0.33% as the book running lead directors to the issue, whereas KFin Technologies is the register to the issue.
About Electronics Mart India limited
“To make electronics shopping, a fulfilling experience” – a thought that was the foundation of our humble beginning, way back in 1980. We, at Electronics Mart India (EMI), sought to uncomplicate the life of our customers by bringing the latest electronic gadgets at the lowest prices.
Today, with 10,56,835 square feet of retail space, a strong workforce of 2023 employees, 105 stores, and over 4 decades of legacy – it wouldn’t be inappropriate to say that Electronics Mart India (EMI) is truly iconic. We are the 4th largest consumer durable and electronics retailer in India and as of Financial Year 2020, we are the largest player in the Southern region in revenue terms with dominance in the states of Telangana and Andhra Pradesh (Source: CRISIL Report).
Currently, we are South India’s largest and most reliable electronics retailer. Bajaj Electronics – a brand owned by EMI, is a household name when it comes to purchasing electronics. Garnering great customer reviews, competitive prices, convenient finance options, and impeccable customer service defines us.
Our U.S.P’s
Competitive price
Top brands
Wide range of products
Easy finance options
Vision & Mission
- To achieve milestone of happy customers with every purchase.
- To fulfill every customers’ requirements with the best range of home appliances from world – renowned brand
- To provide best technology for every household in the country and deliver wide range of durable products at affordable prices
Values
Quality First :
Everyone has aspirations of having a home with luxury electronic brands and have a comfortable home. Our aim is to serve our customers with top-notch quality brands yet maintain the customer and pocket-friendly prices. Quality is a need in itself and we have proven to cater to our customers’ satisfaction and continue to do so.
Stay Updated About Electronics Trends :
A new day is a new introduction to a new trend. We, as a team, work towards learning about the electronic trends in and around the globe to provide our audience with worldly home appliances and gadgets in time. The need to stay updated applies to us, because our main priority is our customers’ necessities.
Loyalty is a Priority :
We as a team, promise to put forward the top and the most reliable products and service to our customers. We wish to keep the consistency of bringing a smile on each of our customer’s faces with our successful attempts at being trustworthy.
Best Service :
We aspire to build a bond with our customers. To be at our audiences’ service any minute of the day and guide them with any help regarding technology and electrical appliances is our number one priority.