Electronics Mart India Limited

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Electronic Mart India Limited
Type Public
ISIN INE02YR01019
GenreElectronics retail chain
Founded1980
FounderPavan Bajaj
Headquarters
India
Number of locations
 Telangana, Andhra Pradesh, Delhi-NCR
Area served
India
Key people
Pavan Kumar Bajaj (Chairman & Managing Director)
Karan Bajaj (Chief Executive Officer)
RevenueIncrease2.svg₹4,344 crore (US$540 million) (FY 2022) [1]

Electronics Mart India Limited (EMIL) is an Indian retail company of electronics home appliances and consumer durables. [2] [3] It is headquartered in Hyderabad, Telangana and currently operates 121 stores under its several brands across Telangana, Andhra Pradesh and Delhi NCR. . [4] [5]

Contents

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History

EMIL commenced its business operations in 1980 under Pavan Bajaj. [6] As a sole proprietary concern by setting up a consumer durable and electronic retail store in Lakdi ka pul, Hyderabad under the name of Bajaj Electronics. [7] In 2011, sole proprietorship was converted into a partnership firm named Bajaj Electronics. In 2018, the partnership firm was converted into a public limited company. EMIL also opened its 50th store in Hyderabad in 2018. [8] Two years later, they crossed rupees 30,000 million in net sales. [9] In September 2021, the company filed offer document with SEBI to raise Rs 5000 million through an initial public offer. [10] [11] Later in October 2022, EMIL was successfully listed on National Stock Exchange and Bombay Stock Exchange. [12]

Financials

EMIL made a debut in the stock market with their stock opening at Rs 89.40, a 52 per cent premium over its issue price on BSE. [13] [14] In NSE, its shares were listed at a 53 per cent premium at Rs 90 as against its issue price of Rs 59 per share. [15] [16]

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References

  1. ↑ "Electronics Mart India Limited - ICICI Direct Analyst Report" (PDF). ICICI Direct. Retrieved 24 December 2022.
  2. ↑ Rathor, Swati (1 November 2021). "Electronics Mart India bets big on Telangana & Andhra - Hyderabad News". The Times of India. Retrieved 24 December 2022.
  3. ↑ "Electronics Mart India scrip scripts a strong debut". The Hindu BusinessLine. 17 October 2022. Retrieved 24 December 2022.
  4. ↑ Priya sundarajan (26 February 2014). "Bajaj Electronics to expand retail chain". The Hindu BusinessLine. Retrieved 24 December 2022.
  5. ↑ "Electronics Mart India Limited - Angelone Analyst Report" (PDF). angelone. Retrieved 24 December 2022.
  6. ↑ "Hyderabad-based EMIL offers shares worth Rs 500 crore". Deccan Chronicle. 4 October 2021. Retrieved 24 December 2022.
  7. ↑ "Karan Bajaj: Electronics Mart does not have direct online operations. We are a pure offline retailer: Karan Bajaj". The Economic Times. 17 October 2022. Retrieved 24 December 2022.
  8. ↑ Today, Telangana (16 February 2022). "Bajaj opens 100th store at Inorbit mall in Hyderabad". Telangana Today. Retrieved 24 December 2022.
  9. ↑ "Electronics Mart Files IPO Papers With SEBI, To RaiseRs 500 Crore". NDTV.com. 22 February 2019. Retrieved 24 December 2022.
  10. ↑ Chronicle, Deccan (2 October 2022). "Bajaj Electronics announces opening of its IPO on October 4". Deccan Chronicle. Retrieved 24 December 2022.
  11. ↑ "Electronics Mart IPO to open next week, price band fixed at Rs 56-59". Business Today. 28 September 2022. Retrieved 24 December 2022.
  12. ↑ "Electronics Mart India shares make strong market debut, list at premium". mint. 17 October 2022. Retrieved 24 December 2022.
  13. ↑ Nahar, Pawan (17 October 2022). "Electronics Mart India: Should you book profits after stellar debut or hold it for long-run?". The Economic Times. Retrieved 24 December 2022.
  14. ↑ "Electronics Mart India Limited - SEBI Analyst Report" (PDF). SEBI. Retrieved 24 December 2022.
  15. ↑ Pachal, Debashish (17 October 2022). "Electronics Mart makes a strong debut, lists 52% higher from issue price". The Indian Express. Retrieved 24 December 2022.
  16. ↑ "Electronics Mart India Limited - KRChoksey Analyst Report" (PDF). KRChoksey. Retrieved 24 December 2022.
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