Page 3 - Electronics Mart News Today

New Delhi, May 4: Electronics Mart India Ltd. (EMIL), a leading consumer durables and electronics retailer (the 04thlargest and one of the fastest growing in India and a leader in Southern India {Source: CRISIL Report}), has recently announced business relationship with United Kingdom-based brands Gallo Acoustics & Pulse-Eight. This partnership gets India solution-based products such as Gallos premium speakers and Pulse-Eight Audio & Video Solutions, which will be available through high-end AV d...

Pre-listing shareholders' lock-in will open for 33 companies in April-July, creating further volatility, while IPO fund raising almost halved to Rs 52,116 crore in FY23

Thirty-seven Indian corporates raised Rs 52,116 crore through main board IPOs in financial year 2022-23, less than half of the Rs 1.11 lakh (all-time high) mobilised by 53 IPOs in 2021-22, according to Primedatabase, the countrys premier ...

IPO Fundraising In 2022-23 Halves; 37 Companies Raise Rs 52,116 Crore: Prime Database

The IPO pipeline still remains strong, with 54 companies proposing to raise a huge Rs 76,189 crore are presently holding Sebi approval. Another 19 companies looking to raise about Rs 32,940 crore are awaiting Sebi approval.

LIC accounted for Rs 20,557 crore or a huge 39 per cent of the total amount raised in FY23., without which the IPO fundraising would have been Rs 31,559 crore.

According to Pranav Haldea, Managing Director, Prime Database Group, as many as 25 out of the 37 IPOs came in just three months of the year (May, November and December).

The largest IPO in 2022-23, which also happened to be the largest ever Indian IPO, was from Life Insurance Corp. of India, followed by Delhivery (₹5,235 crore) and Global Health (₹2,206 crore), with an average deal size of ₹1,409 crore.

Browse Electronics Mart stock discussion, ideas, questions and answers online at Moneycontrol.com.

DCX Systems was commanding a grey market premium (GMP) of about Rs 82, which was higher than Rs 75 level, the day the issue was opened for subscription