iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Electronics Mart's shares trade at a premium in grey market, before IPO

3 Oct 2022 , 12:58 PM

Shares of Electronics Mart India (EMIL) are trading at a significant premium ahead of its first public offering (IPO).

The company is currently trading at a premium of Rs32-33, or around 55% over its IPO price of Rs56-59, according to the dealers monitoring grey market activities.

According to Abhay Doshi, co-founder of UnlistedArena, numerous reasons are maintaining prices despite low sentiment in the secondary markets.

Between October 4 and 7, Electronics Mart India will sell its shares for between Rs56 and Rs59 in order to raise Rs500 crore through its inaugural stake sale, which is wholly an offer for sale (OFS) by the company’s promoters.

Brokerages continue to be bullish on the stock and advise investing in it because of its dominance in the markets, fair prices, and growth potential. They have, however, raised some concerns, such as reliance on brands and online competition.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Electronics Mart
  • initial public offering
  • IPO
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.