Electronics Mart Will Enter The Stock Request Hereafter: Investors Anticipate Strong Returns, What's GMP?


The IPO of Electronics Mart India Limited was open for subscription from October 4 to 7  2022.

According to request judges, the fair valuation of the company, strong fiscal position despite violent competition and growth prospects in the assiduity attracted investors to take the issue.


The IPO of Electronics Mart India, one of the country's largest electronic retailers, will be listed in the request hereafter. request experts believe that there will be a strong table of its shares. Its investors are awaiting a profit of Rs 20- 25 per share. Let us tell you that the IPO of Electronics Mart got a good response from the investors and the issue was subscribed 72 times in aggregate.

According to request judges, the fair valuation of the company, strong fiscal position despite violent competition and growth prospects in the assiduity attracted investors to take the issue. Experts are awaiting the shares to be listed 35- 40 per cent above the issue price.


GMP

The gray market premium (GMP) of the company's shares is Rs 30 more than its issue price. this suggests that even the gray market has good expectations from the shares of this company. the corporate had fixed the price band of the shares at Rs 56-59. If we glance at the GMP from the upper level of the issue price, then the shares of the corporate can be listed in the market at Rs 89. this is often almost 50 per cent above the price band.


Company details

Electronics Mart India does business in the request under the brand name of Bajaj Electronics. It has 112 stores in 36 metropolises. utmost of these are in Andhra Pradesh, Telangana and NCR. The company had achieved profit of Rs 4349 crore from operations in the fiscal time 2021- 22. At the same time, a fiscal time ago this figure was Rs 3201 crore.


Hold or withdraw shares?

Manoj Dalmiya, author and director, complete Equities, says that the GMP of the shares is Rs 30 i.e. they can be listed between Rs 86- 69. He said that the investors who have been distributed shares should hold it as this stock is anticipated to rise further.

Ravi Singh, Vice President and Research Head, another brokerage Partake India, says that the company's shares can be listed with an increase of 30- 35 percent. He said that the valuation of the company is better than its challengers.


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