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.
The coming week is going to be crucial as, on the economic front, market participants will be eyeing the S&P Global Manufacturing, which will be released on October 3, and S&P Global Services PMI which will come out on October 6.
Electronics Mart IPO: Electronics Mart expects to raise around Rs 500 crore through the fresh issue with a face value of Rs 10 each. As on August 31, 2022, it had 112 stores across 36 cities, out of which, 100 stores are multi-brand outlets (MBO) and 12 stores are exclusive brand outlets.
The initial public offer (IPO) of consumer durable and electronics retailer Electronics Mart India will open on October 4. The firm plans to raise Rs 500 crore through the issue. The IPO will close on October 7. The shares will be allotted on October 12 and initiation of refunds will be carried out on next day.