Electronics Mart India Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Electronics Mart

CMP

217.46

-1.06 (-0.49%)

  • DRHP
₹59

Offer Price

₹ 500.00 Cr

Issue Size

₹ 14,986

Min Investment

71.93x

Times Subscribed

254

Lot size

Time Line

  • 04
    Oct 2022
    Open
  • 07
    Oct 2022
    Close
  • 12
    Oct 2022
    Finalisation of Basis of Allotment
  • 13
    Oct 2022
    Initiation of Refunds
  • 14
    Oct 2022
    Transfer of Shares to Demat Account
  • 17
    Oct 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Expand reach across select geographies and deepen the footprint in its existing markets.

  • Enhancing sales volumes by continuing to prioritise customer satisfaction through optimal product assortment and offering value for money.

  • Technology led effective inventory management & lean operating structure to maintain & improve operating efficiencies

  • Maintaining & forging new relationships with leading brands across existing and new format stores thereby ensuring wider product range

  • Continuous training of manpower

Products & Services

  • The Company is the 4th largest and one of the fastest growing consumer durables and electronics retailers in India.

Strengths

  • The Company is the 4th largest consumer durable and electronics retailer in India with a leadership position in South India. The Company`s scale of operations along with its long-standing relationship with leading consumer brands enables it to procure products at competitive rates.

  • The Company is one of the fastest growing consumer durable and electronics retailer with consistent track record of growth and industry leading profitability.

  • The Company`s market presence and geographic reach with cluster-based expansion.

  • The Company`s business model provide operational flexibility to create long term sustainable footprint.

Risks

  • The COVID-19 pandemic and the resulting deterioration of general economic conditions has in the past financial years affected its business and may continue to materially affect the company business, results of operations, financial condition, and / or its cash flows in future periods.

  • The Company is dependent on external suppliers for its product requirements. Any delay or failure on the part of the external suppliers to deliver products, may materially and adversely affect its business, profitability and reputation.

  • A large part of its revenues is dependent on a limited number of brands. The loss of any of its major brands or a decrease in the supply or volume from such brands, will materially and adversely affect the company revenues and profitability.

  • There are certain proceedings involving the Company, its Promoters which if determined against its, may have an adverse effect on the company business, cash flows and results of operations.

  • The company propose to use Rs. 133.87 crores of the Net Proceeds of the Issue towards opening of new stores / warehouse. The company is yet to purchase real estate or enter into long-term leasehold arrangements or enter into rental agreements at locations suitable for new stores for its expansion in relation to setting up and operation of its proposed new stores / warehouse. In case the company is unable to open the stores / warehouse in a timely manner as mentioned in the chapter "Objects of the Issue", its may fall short of the revenue targets of the Company and this would have an adverse effect on its business, financial condition, results of operations and growth prospects.

Company Promoters

Promoters Holding

Issue For IPO
99.98%
Pre Holding

99.98%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 4,349.32 (35.80%) 5,445.71 (25.20%) 17.42 (-)
Gross Profit 4,349.32 (35.80%) 5,445.71 (25.20%) 17.42 (-)
Net Income 4,349.32 (35.80%) 5,445.71 (25.20%) 17.42 (-)
Assets 4,349.32 (35.80%) 5,445.71 (25.20%) 17.42 (-)
Liabilities 4,349.32 (35.80%) 5,445.71 (25.20%) 17.42 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Electronics Mart India Ltd 4,349.32 103.89 1,740.60 1,144.09 17.42 3.46 19.88 5.11 0.66
Aditya Vision Ltd 899.12 35.28 427.06 427.06 44.83 29.33 65.42 8.26 1.46

Book Running Managers

  • IIFL Securities Limited
  • JM Financial Limited
  • Anand Rathi Advisors Limited

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

DNo 6-1-91 Shop No 10 GroundFr,
Secretarial Road Saifabad,
Hyderabad - 500004
Phone : 91-40-4875 1125 Email : cs@bajajelectronics.in www.electronicsmartindia.com

Offer Related Information

Initial public offering of 84,745,762* equity shares of face value of Rs. 10 each ("Equity Shares") of Electronics Mart India Limited (the "Company" or the "Issuer") for cash at a price of Rs. 59 per equity share (including a share premium of Rs. 49 per equity share) ("Issue Price") aggregating to Rs. 500.00 crores (the "Issue"). The issue will constitute 22.03 % of the company post-issue paid-up equity share capital of the company. The offer price is Rs. 59 per equity share and the offer... More

News

  • 07 Oct 2022, 17:41 PM

    Electronics Mart India IPO subscribed 71.93 times

  • 06 Oct 2022, 17:37 PM

    Electronics Mart India IPO subscribed 7.57 times

  • 04 Oct 2022, 17:25 PM

    Electronics Mart India IPO subscribed 1.69 times

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