Electronics Mart India IPO subscribed 3.03 times at the start of day 2

6 Oct 2022 , 11:41 AM

On October 6 at 11:40, 3.03 people subscribed to the Electronics Mart India IPO. By October 6, 2022, the public offering had received 3.95 times as many subscriptions from retail buyers, 1.68 times as many from QIB buyers, and 2.68 times as many from NII buyers.

The IPO of Electronics Mart India comprises 62,500,000 equity shares. The offering includes 13,392,858 shares for non-institutional investors, 17,857,142 shares for eligible institutional buyers, and 31,250,000 shares for individual investors.

Electronics Mart India Limited, a 1980 incorporation, is India’s fourth-largest retailer of electronics and consumer goods. With a concentration on major appliances (such as air conditioners, televisions, washing machines, and refrigerators), mobile phones, small appliances, IT, and other products, the company offers a wide variety of goods.