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Review, GMP, valuations: Should you subscribe to Electronics Mart IPO?

The grey market premium (GMP) on Elecrtonics Mart India's (EMI's) shares was Rs 30-35 apiece, translating into a listing pop of up to 59 per cent

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Illustration: Ajay Mohanty

Nikita Vashisht New Delhi
Electronics Mart India’s Rs 500-crore initial public offer (IPO) has opened for subscription on Tuesday, October 4, at a price band of Rs 56-59 per share. The offer, which is entirely a fresh issue, will close on Friday, October 7. 
Fifty per cent of the net issue are reserved for qualified institutional buyers, while 15 per cent, and 35 per cent of the net issue is reserved for non-institutional bidders and retail investors, respectively.
Ahead of the IPO, the company raised Rs 150 crore from anchor investors at a price of Rs 59 per share. Among the foreign portfolio investors,

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First Published: Oct 04 2022 | 10:30 AM IST

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