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Electronics Mart India Goes Public To Raise Rs 500 Crore

Electronics Mart India will use the proceeds from this IPO for its capital expenditure

Photo Credit : Shutterstock


The IPO of Electronics Mart India is opening from Tuesday (October 4) till October 7. The shares of this company were trading at a premium of Rs 31 in the Gray Market (GMP) today which is a good sign for an IPO. 

According to media sources, the company intends to raise Rs 500 crore through IPO. The price band for Electronics Mart India IPO has been fixed at Rs 56-59 per share. Electronics Mart India has a good hold in South India regarding investors. Therefore, market experts have a positive attitude about this IPO. Even in the gray market, unlisted shares of IPO are getting good response.

If anyone wants to invest in Electronics Mart India IPO then one can apply for minimum 254 shares. That is, at least one lot for which investors will have to spend Rs 14,986, while maximum 13 lots can be applied for. For this you will have to spend Rs 1,94,818 . In this IPO, 50 per cent stake has been reserved for institutional investors. On the other hand, 35 per cent quota has been reserved for retail investors and 15 per cent for non-institutional investors (NII).

Electronics Mart India will use the proceeds from this IPO for its capital expenditure, meeting working capital requirements and repayment of loans.

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electronics Electronics Mart India