Do you want to know about Electronics Marts IPO GMP? Here is the full details about EM IPO GMP, Allotment, Important Dates, Etc.
The Rs 500 crore IPO received a super support from the investors. The IPO received ₹26,500 bid against 500 crore IPO size. This was the second-highest subscription of 2022, 71.93 times.
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Electronic Marts wants to utilize the net proceeds to fund its capital expenditure and incremental working capital to the extent of Rs 133.8 crore and Rs 200 crore, and repayment of Rs 50 crore of its debt.
Electronics Marts IPO GMP
As per the market reports, Electronics Marts IPO grey market premium (GMP) is available at Rs 26.50 rupees, which is ₹3.50 below its Sunday GMP of Rs 30. The stock is expected to list on a strong listing, ₹30 to 35 premium is possible.
Electronics Marts IPO Listing Date?
Electronics Marts IPO may expect to allot on October 12, 2022. Listing will take place after this allotment. You can check your Demat account on 12 October at 10:00 AM.
How To Check Electronics Marts IPO Allotment?
Those who applied for Electronics Marts IPO, can check their allotment on BSE India website. You can also wait for the confirmation mail. Soon, you will receive mail about allotment.
About Electronics Marts – Electronics Marts India was founded by Pavan Bajaj and Karan Bajaj. The company had. 112 stores in 36 cities, supported by a workforce of 2,091 professionals.
They are also in the planning of setting up another such niche outlet under the name of Audio & Beyond, catering to high-end audio and home automation solutions.
Due to Russia and Ukraine conflict, share market can move downside, This may also impact the electronic marts IPO listings. If the everything remains stable, IPO will give you good returns.