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IPO

Electronics Mart IPO subscribed 72 times

Economic Times  

The initial public offering (IPO) of Electronics Mart India (EMIL) received 71.93 times. The IPO received bids for 449.53 crore shares against 6.25 crore shares on offer. The category for Qualified Institutional Buyers (QIBs) received 169.54 times subscription, Non-Institutional Investors (NIIS) 63.59 times and Retail Individual Investors (RIIs) 19.71 times. The company is selling its shares in the range of INR 56-59 apiece to raise INR 500 crore. Anand Rathi Securities, IIFL Securities and JM Financial Consultants are the book-running lead managers. Electronics Mart India had allotted 2,54,23,728 equity shares to 20 anchor investors for INR 59 apiece, aggregating to about INR 150 crore