It's a party for those who bought Electronics Mart India's IPOs because the business debuted on the stock market on Monday with a significant premium of more than 50% over its issue price.

According to exchange records, it was listed on the Bombay Stock Exchange and the National Stock Exchange with premiums of 52% and 53% above its issue price, respectively. The price range for the shares was maintained with an Rs. 59 upper band.

According to information on the BSE's official website, the equity shares of Electronics Mart India Limited will be listed and allowed to trade on the exchange as part of the list of securities in the "B" group as of Monday, October 17, 2022. After the first offering was subscribed 72 times over, Electronics Mart India, one of the country's fastest-growing consumer durables and electronics retailers, is anticipated to receive a strong double-digit listing premium.

According to analysts, short-term investors can look to partially book profits in Electronics Mart after the stock's listing price increased by 53%. Investors who missed out on Electronics Mart stock during the allotment process but still want to buy the stock should search for an entry in the Rs 75–80 range, they believe. According to experts, current investors with a healthy risk appetite can hold onto the stock for two to three years.

According to Aastha Jain of Hem Securities, she anticipated the IPO to list at a premium of about 45%, however the scrip launched at Rs 90 on NSE, a premium of 53%. Jain has set a target price of Rs 99 for the stock, although she believes that at Rs 89–90, 50% of shares may be sold for a profit. She does so while believing that the retailer of consumer durables has long-term promise.

India Scanner News Network

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