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by Financegossips
Electronics Mart India IPO listed on 17th October, 2022. The company got listed on both national exchanges i.e. BSE and NSE.
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The price band of the IPO was Rs. 56-59. Electronics Mart IPO got great response from the investors as it got subscribed by 72 times over. Hence, IPO's issue price was the cap price i.e. Rs. 59
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Electronics Mart India Ltd got listed on NSE at a 52.54 % premium of the issue price. The listing price on NSE is Rs.90
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On BSE, the company got listed at a premium of 51.53%. The listing price of Electronics Mart IPO on BSE is Rs. 89.40.
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Electronics Mart India Limited is the 4th largest consumer durable and electronics retailer in India.
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Electronics Mart India Limited offers various products like mobiles, large appliances (AC, TV, washing machines), and small appliances.
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The company will use the raised capital for expansion, repayment of the debt, and general corporate purposes.
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Before the IPO, promoters' shareholding was 100%, but post-issue, it is going to be 77.97%
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