Electronics Mart India IPO
Electronics Mart India Limited (EMIL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 17 October 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +20.8% (likely range -4% to +27%), day's high +31.5%, chance of a gain 95%. Actual: +52.5% at the open, +54.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,78,57,142 | 1,11,21,57,288 | 62.3x | |
| NII (HNI) total | 1,33,92,858 | 32,80,93,578 | 24.5x | |
| Big NII (above ₹10 lakh) | 89,28,572 | 20,95,78,194 | 23.5x | |
| Small NII (₹2-10 lakh) | 44,64,286 | 11,85,15,384 | 26.5x | |
| Retail | 3,12,50,000 | 39,91,90,464 | 12.8x | |
| Total | 6,25,00,000 | 1,83,94,41,330 | 29.4x |
Bids on NSE and BSE together, as published by NSE, as of 07 Oct 2022, 07:00 PM. Shares offered exclude the anchor portion. 38% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Electronics Mart India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| India PesticidesJun 2021 | 42.9x | 51.9x | 11.3x | 29.0x | ₹817 Cr | +18.2% | +24.3% |
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| Syrma SGS TechnologyAug 2022 | 87.6x | 17.5x | 5.53x | 32.6x | ₹911 Cr | +18.2% | +41.8% |
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
| Windlas BiotechAug 2021 | 24.4x | 15.7x | 24.3x | 22.5x | ₹401 Cr | -5.0% | -1.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Anand Rathi Share and Stock Brokers | 11 | +28.5% | 91% |
| IIFL Securities | 94 | +19.3% | 71% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Electronics Mart India IPO price band and lot size? ₹56.0–59.0 per share, with a lot of 254 shares, so the smallest retail bid is ₹14,986.
How many times has it been subscribed? 29.4x overall: QIB 62.3x, NII 24.5x, retail 12.8x.
How did it list? It opened at ₹90.0, +52.5% against the issue price of ₹59.0, and closed its first day +43.2%.
