Electronics Mart India IPO listing date on NSE, BSE; possible listing gains

Electronics Mart IPO Listing Date, Electronics Mart IPO Listing Price, Electronics Mart IPO Listing Gain, Electronics Mart Share Price: Electronics Mart Initial Public Offering (IPO) allotment has been finalised. Those who bid for the IPO of the consumer durables retail chain are already getting messages regarding the allotment of the shares against IPO application towards Electronics Mart India Ltd. The IPO received a good response from investors with over 71 times subscriptions on the final day of the offer i.e. October 7. 

Electronics Mart IPO Listing Date

The shares of the Electronics Mart will most probably be credited to the Demat account of the successful bidders on October 16. A day after that i.e. on October 17, Electronics Mart IPO will be listed on the NSE and BSE. 

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For unsuccessful bidders, a refund process will soon be generated. 

Electronics Mart IPO Listing Gain

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 Managing Editor had said.

Electronics Mart IPO Subscription Status

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. The IPO received bids for 449.53 crore shares against 6.25 crore shares on offer.

Track Record of Electronics Mart India

The track record of the growth of Electronics Mart India has been good so far. The company has 112 stores and deals in mobiles, electronic devices and consumer durables. Most of its presence is in Telangana and Hyderabad. 

It is one of the top 4 companies of consumer durables and electronic retailers. The revenue of the company has increased by 18% on yearly basis from 2016 to 2021. This is a profit-making company and planning for expansion worth Rs 111 crore. They have plans to open 58 more stores.