Electronics Mart India Limited

 How to check the Electronics Mart India IPO allotment status?  When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. This is also true in the case of the Electronics Mart India IPO.  The Electronics Mart India IPO’s closing date is 7 October 2022. The Electronics Mart India IPO’s allotment date has been set five days later, on 12 October 2022.  Here’s a step-by-step guide on how to check the Electronics Mart India IPO allotment status:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover page, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, you will find the ‘View all’ option  Once you click on ‘View all’, you will be directed to the ‘IPO’ tab  In the ‘IPO’ tab, click on ‘My applications’  In ‘My applications’, under the History section, your allotment status will be mentioned             About Electronics Mart India IPO  What’s on your shopping list for this festive season? With restrictions completely lifted, many seem to be flocking towards electronic goods stores and outlets. After two pandemic-hit years, consumer durable makers are expecting robust festive sales. Against this backdrop, Electronics Mart India is planning to hit the bourses.  It is the fourth largest consumer durable and electronics retailer in India. And, in the Southern region, it is the largest player in terms of revenue with a dominant position in Telangana and Andhra Pradesh.  As of 31 August 2022, it had 112 stores across 36 cities. These stores are operated under the brand names – Bajaj Electronics, Electronics Mart, Kitchen Stories and Audio & Beyond. From air conditioners to televisions and mobiles to washing machines – the company’s stores offer a diverse range of products.  After building a strong market presence for more than three decades, the company is now planning to raise money for further expansion through the Electronics Mart India IPO. The money raised through the fresh issue of the Electronics Mart India Ltd IPO will be used for expanding the store and warehouse network.  The IPO proceeds will also be deployed for paring debt and funding incremental working capital. Here are the key details about the Electronics Mart India IPO:     Company Name  Electronics Mart India Limited   Company Type  Private    Founder's Name  Pavan Kumar Bajaj   Company Established On  1980    Electronics Mart India IPO Opening Date  4 October 2022   Electronics Mart India IPO Closing Date  7 October 2022    Electronics Mart India IPO Allotment Status  12 October 2022   Credit of Shares to the Demat Account  13 October 2022    Electronics Mart India IPO Listing Date  17 October 2022   Electronics Mart India IPO Face Value  Rs. 10 per share    Electronics Mart India IPO Lot Size  254 shares   Electronics Mart India IPO Issue Size  ₹ 500 Crores    Electronics Mart India IPO to be Listed on  BSE, NSE   Electronics Mart India IPO Price band  ₹ 56-₹59 per share     Financial snapshot     Particulars  FY 20  FY 21  FY 22    Revenue  ₹ 3,172.4 crore  ₹ 3,201.8 crore  ₹ 4,349.3 crore    Net Profit  ₹ 81.6 crore  ₹ 58.6 crore  ₹ 103.8 crore               Here’s a quick look at Electronics Mart India IPO’s strengths, weekness, opportunities and risks (SWOT analysis)  Strengths and opportunities   Associated with more than 70 electronic brands and sells more than 6,000 stock keeping units (SKUs)  Its store network has expanded from 59 in FY19 to 112 stores as of August 2022  Ensures that its stores are located in densely populated neighbourhoods and residential locations  Generated strong cash flow, which has enabled it to further invest in its business  Operates seven large warehouses with an average area of 28,114 sq ft  Consistently pays suppliers on or before the due date, allowing it to benefit from supplier discounts   Threats and Risks   Around 61% of the revenue came from top five brands in FY22  Operates in a competitive industry, which is characterised by rapid shifts in consumer trends and technology  Witnessing competition from online retailers who are offering products at competitive prices  Stores are concentrated mainly in Telangana and Andhra Pradesh  34% of the total revenue came from sale of mobile phones in FY22            Electronics Mart India IPO  | Electronics Mart India IPO date  The offer document filed by the company with the SEBI mentions that the Electronics Mart India IPO’s opening date – in other words, the Electronics Mart India IPO launch date – will be on 4 October 2022. The Electronics Mart India IPO closing date is 7 October 2022. After this, investors will be updated about the allotment status on 12 October 2022.  Investors, who have been allotted shares, can expect them to be credited in their demat account on 14 October 2022. The Electronics Mart India IPO listing date is 17 October 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  | Electronics Mart India IPO price band  The entire IPO is a book-built issue. The Electronics Mart India IPO price band has been set between ₹56 and ₹59 per share. Interested investors can choose a price within this band to apply for the IPO.  The Electronics Mart India IPO listing price will be determined on 17 October 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.  | Electronics Mart India IPO lot size  The Electronics Mart India IPO details have been declared. The Electronics Mart India IPO lot size is set at 254 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (3,302 shares). Meanwhile, the Electronics Mart India IPO issue size is ₹500 crore.           How to pre-apply for the Electronics Mart India IPO?  You can pre-apply for the Electronics Mart India IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.  Follow these steps to pre-apply for the IPO:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover tab, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, look for the ‘Electronics Mart India IPO’ tab and click on it  Now fill in all the required information, like ‘bid price’ and ‘lot size’  Confirm and click on ‘Pre-Apply’  Accept the mandate on your UPI app            How to apply for the Electronics Mart India IPO?  If you are interested in this investment opportunity but unsure how to apply for the Electronics Mart India IPO, here we are listing out the steps for you.  Here’s a step-by-step guide on how to apply for the Electronics Mart India IPO on Upstox:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover tab, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, look for the ‘Electronics Mart India IPO’ tab and click on it  Now fill in all the required information, like ‘bid price’ and ‘lot size’  Confirm and click on ‘Apply’  Accept the mandate on your UPI app             Open a demat account with Upstox to apply for the Electronics Mart India IPO  To apply for the Electronics Mart India IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.  Here is a step-by-step guide on how to open a demat account with Upstox:   Click here to visit the demat account opening page on the Upstox website.  Enter your phone number and other essential details to begin opening a demat account.  Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.  Complete the e-verification using the OTP sent to your registered mobile number.   This is all it takes to open a demat account with Upstox. Easy and quick, right?            Upstox – trading app to apply for the Electronics Mart India IPO  Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.  You can apply for the Electronics Mart India IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.  In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.