Electronics Mart IPO: Should you subscribe?

The Rs 500-crore IPO by Electronics Mart India opened for subscription on October 4

It is India’s fourth largest consumer durables retailer and had garnered Rs 150 crore from anchor investors...

...ahead of its initial share sale on Monday

The Hyderabad-based company is offering shares in the
Rs 56-59 price band and is open for subscription till Friday

The IPO received bids for 3,38,70,900 shares by 2:30 pm on Tuesday, which was 54% of the total issue size of 6,25,00,000 shares

But should you subscribe to the Electronics Mart IPO?

Elara Securities said Electronics Mart India may continue to grow at a healthy pace in terms of store expansion...

....adding that the IPO is priced attractively

Ventura Securities, believes the stock, when it gets listed, could potentially touch Rs 201 level in the long term

The IPO was commanding a grey market premium of Rs 35-37 on Tuesday against Rs 32 a day ago

Analysts are mostly positive on the prospects of Electronics Mart India

So will you subscribe to this IPO or skip it?

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