The Rs 500-crore public offer, which was opened for subscription on October 4, 2022, got oversubscribed by 71.93 times on the last day of bidding process on October 7.
Electronics Mart India IPO GMP (grey market premium) today suggests that subscribers are going to see a steady debut. As per today s GMP, Electronics Mart India is available at a premium of Rs 29.
According to market analysts, Electronics Mart India initial public offering (IPO) shares could make a positive debut on the public bourses. Electronics Mart India listing is going to happen on October 17, 2022. The consumer durables retail chain will be listed on both NSE and BSE.
The Rs 500-crore IPO will be sold in Rs 56-59 price band. The issue is available at 21.8 times FY22 EPS and FY22 EV/Ebita of 9.7 times, as per Nirmal Bang Institutional Equities.