Electronics Mart India makes a strong D-Street debut

Electronics Mart India makes a strong D-Street debut

The shares debuted at Rs 89.40 on the BSE at a premium of 51.5% over the listing issue price.

Prior to listing, the company’s shares were trading at a premium of Rs 30 on the gray market despite high secondary market volatility.

Electronics Mart India was established in 1980 and in India he is the 4th largest retailer of consumer durables and electronics, with leading positions in South India, especially in the states of Telangana and Andhra Pradesh where he has increased.

Electronics Mart India has raised Rs 755 crore through the initial sale of its shares which he has been offering since 4th October until 7th. The company sold shares in the range of Rs 56-59 per share. The issue has subscribed a total of 71.93 times and the QIB Investor Quota was subscribed a whopping 169.54 times. HNI and retailer shares were booked at 63.59x and 19.72x respectively.

Electronics Mart India operates and manages its 112 stores covering 1.12 million square feet of retail space in 36 cities mainly in Andhra Pradesh, Telangana, and NCR.

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