Page 6 - Electronics Mart News Today

Tracxn Tech IPO: Tracxn co-founders Abhishek Goyal and Neha Singh will offload up to 7,662,655 and 7,662,655 equity shares, respectively.

Electronics Mart India IPO received bids for 2,20,26,626 shares against the total issue size of 6,25,00,000 shares, NSE data on consolidated bids showed. 

Elara Securities said Electronics Mart India may continue to grow at a healthy pace in terms of store expansion, especially in North India.

Anil Kumar Goel's biggest holding KRBL jumped 68.72 per cent for the September quarter, but rest of his top holdings did not do well.

The Rs 500-crore IPO will be sold in Rs 56-59 price band. The issue is available at 21.8 times FY22 EPS and FY22 EV/Ebita of 9.7 times, as per Nirmal Bang Institutional Equities.

Infosys, the second largest domestic IT firm by revenues, is seen leading the Q2 revenue growth. TCS, the largest IT firm in terms of sales, may report the highest margin expansion among the three IT firms, analysts said.

The amount raised is 32 per cent lower than Rs 51,979 crore raised through 25 IPOs in the corresponding period of 2021-22.

Electronics Mart IPO: Electronics Mart expects to raise around Rs 500 crore through the fresh issue with a face value of Rs 10 each. As on August 31, 2022, it had 112 stores across 36 cities, out of which, 100 stores are multi-brand outlets (MBO) and 12 stores are exclusive brand outlets.

The initial public offer (IPO) of consumer durable and electronics retailer Electronics Mart India will open on October 4. The firm plans to raise Rs 500 crore through the issue. The IPO will close on October 7. The shares will be allotted on October 12 and initiation of refunds will be carried out on next day.

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