Electronics Mart IPO: Bumper listing gains! Share price jumps over 50%
Electronics Mart IPO Listing Gains: Electronics Mart shares made a strong market debut, climbing nearly 53 per cent against the issue price of Rs 59.
Electronics Mart IPO Listing Gains, Electronics Mart Share Price NSE BSE, Electronics Mart Stop Loss: Electronics Mart India, NSE: EMIL, made a strong debut on Dalal Street on Monday, October 17. Electronics Mart share price on NSE listed at Rs 90 apiece, a 52.54 per cent premium over its issue price of Rs 59. On BSE, the stock made a debut at a premium of 50.59 per cent. Electronics Mart India is a consumer durables retail chain. Its IPO had received an overwhelming response from investors. Electronics Mart IPO was subscribed 71.93 times. The IPO received bids for 449.53 crore shares against 6.25 crore shares.
Electronics Mart IPO Listing, Electronics Mart Share Listing Price NSE BSE
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Electronics Mart Share Price NSE, BSE
Shares of Electronics Mart India settled at Rs 84.50 on NSE, climbing nearly 43.22 per cent against the issue price of Rs 59. At the BSE, it closed at Rs 84.45, rallying 43.14 per cent.
Electronics Mart Share Stop Loss
Zee Business Managing Editor Anil Singhvi suggested maintaining a stop loss of less than Rs 5 from the listing price. Electronics Mart shares delivered bumper listing gains of over 50 per cent to its investors.
Electronics Mart IPO, Share Listing
Electronics Mart Listing Pre-Open
Electronics Marts shares list at Rs 90 apiece on the NSE in the pre-opening session.
ELECTRONICS MART LISTING PRICE
Strong listing expected around Rs 85-95 range
Short term investors keep a Stop Loss of Rs 80 and keep trailing
Electronics Mart IPO investors expect strong listing gains
Electronics Mart IPO investors are expecting strong listing gains. The IPO was issued at Rs 59 per share. One lot of the IPO has 254 shares.
Electronics Mart Shares To List In ‘B’ group of securities
Electronics Mart shares will be admitted to dealings on the exchange in the list of ‘B’ group of securities.
Electronics Mart India IPO Listing
Shares of Electronics Mart India Limited shall be listed today on NSE and BSE.
ELECTRONICS MART IPO DETAILS
Electronics Mart IPO Date: October 4 to 7
Electronics Mart Share Face Value: Rs 10 per share
Electronics Mart IPO Price Band: Rs 56 to Rs 59 per share
Electronics Mart IPO Lot Size: 254 Shares
Electronics Mart IPO Allotment Date: October 21
Electronics Mart IPO Refund Date: October 13
Electronics Mart IPO Listing At: NSE, BSE
Electronics Mart IPO Listing Date: October 17
Electronics Mart IPO Listing Time: 10 AMElectronics Mart IPO: How will company utilise funds?
According to Electronics Mart, the funds raised, other than the issue expenses, will be used for the expansion and opening of stores and warehouses. Besides, the company will repay debts.
Electronics Mart IPO Listing Gains - What Anil Singhvi Said
According to Zee Business Managing Editor Anil Singhvi, successful bidders of Electronics Mart IPO are expected to get big listing gains. However, Singhvi advised people to stay away from keeping this stock in the portfolio for the long term and stick to listing gains. "The reason why one should not keep this stock in the portfolio for the long-term is because of tough competition from the e-commerce space. The company still has just 1% revenue from e-commerce. So they are purely focusing on stores as of now," the Market Guru had said.
Electronics Mart India IPO Review Video Anil Singhvi - Zee Business
Electronics Mart India IPO Review By Anil Singhvi - Zee Business
CLICK HERE TO READ Electronics Mart India IPO REVIEW By ANIL SINGHVI
Electronics Mart IPO Lost Size, Share Face Value
Electronics Mart IPO lost size was 254 shares. The price of 1 lost was Rs 14,986. Electronics Mart IPO share face value is Rs 10.
Electronics Mart IPO Subscription Dates
Electronics Mart IPO was opened for subscription on October 4, 2022. The last date for the Electronics Mart IPO subscription was October 7, 2022.
Electronics Mart Outlets
Its multi-brand outlets operate under the brand name Bajaj Electronics other than two specialised stores under the name 'Kitchen Stories', catering to kitchen specific-requirements and one specialised store format under the name 'Audio & Beyond', focusing on high-end home audio and home automation solutions.
About Electronics Mart India Limited
Electronics Mart India is a consumer durables retail chain. The company 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.
Electronics Mart India Share Price
Electronics Mart share price range for the public offer was at Rs 56-59 a share. Electronics Mart share allotment price was done at Rs 50 apiece.
Electronics Mart IPO Price
Electronics Mart India IPO had a fresh issue of equity shares aggregating to Rs 500 crore, with no offer for sale component.
Electronics Mart IPO Subscription
Electronics Mart IPO was subscribed 71.93 times. The IPO received bids for 449.53 crore shares against 6.25 crore shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) received 169.54 times subscriptions, Non-Institutional Investors (NIIS) 63.59 times and Retail Individual Investors (RIIs) 19.71 times.
Electronics Mart IPO Listing
Electronics Mart India IPO will list on both the exchanges NSE and BSE. Electronics Mart shares will be available for Buy and Sell after listing.
Electronics Mart IPO Listing Date And Time
Electronics Mart IPO listing date and time - Monday, October 17 at 10 AM. The pre-opening session will start at 9:45 AM.
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