Stock market experts believe that the share price of Electronics Mart India can open between Rs 86 to Rs 89. Photo: Electronics Mart India Website
• Electronics Mart IPO GMP today is ₹30, which is almost 50% higher than its upper price band
Electronics Mart IPO Listing: Electronics Mart India Limited shares are going to knock on Dalal Street today. As per information available on the BSE website, with effect from Monday, October 17, 2022, the equity shares of Electronics Mart India Limited will be listed and admitted for transaction on the Exchange in the list of 'B' group of securities in a special pre Will go -Open Session (SPOS).
According to stock market experts, there was enough on the table for the bidders as the Electronics Mart IPO was reasonably priced, which led to a strong subscription to the public offering. He said that the shares of Electronics Mart can give up to 50 per cent listing benefit to its lucky allottees. He added that Electronics Mart IPO GMP is also indicating a strong listing of Electronics Mart shares as it is oscillating at a premium of around ₹30 after allotment of shares to customers.
Electronics Mart IPO listing can be expected to profit, said Abhay Doshi, Founder, UnlistedArena.com. “Electronics Mart India Limited (EMIL) IPO was reasonably priced, leaving enough on the table for investors. Also, the issue price was higher. The size was also small, resulting in huge subscriptions for the issue. Looking at the valuations and response, one can expect a good listing of around 40 to 50 per cent premium."
Predicting a strong opening for Electronics Mart share, Ayush Agarwal, Senior Research Analyst, Swastika Investmart said, “Electronic Mart share is expected to open at a significant premium due to strong investor interest and shift in market sentiment. The issue has received a good response from investors, especially from the institutional side, and the current GMP is ₹30 (which is around 51 per cent higher than its issue price). The company's valuation is fair and the growth outlook is constructive." He further added that the electronic and consumer durables market is highly competitive and has witnessed a significant disruption by e-commerce players. Swastika Investmart expert advises investors to lock in listing gains and only aggressive investors should consider making a long-term commitment to the company.
Commenting on the opening price of Electronics Mart shares, Manoj Dalmiya, Founder and Director, Proficient Equities, said, “Electronics Mart India shares are earning a premium in the gray market. Electronics Mart shares have risen by ₹30 to ₹24 at times. Before the share allotment. We can expect a listing price in the range of ₹86-89."
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