Electronics retail 2021-09-27

Electronics Mart Files Preliminary Papers for Rs 500 Crore IPO with Sebi

Electronics Mart intends to utilise the net proceeds to fund its capital expenditure and incremental working capital requirements to the extent of Rs 133.8 crore and Rs 200 crore, respectively, and Rs 50 crore towards debt payment.

By Content Writer
Electronics Mart Files Preliminary Papers for Rs 500 Crore IPO with Sebi

Consumer durables retail chain Electronics Mart India Ltd has filed preliminary papers with SEBI to raise Rs 500 crore through an initial share-sale. According to the draft red herring prospectus (DRHP), the initial public offering (IPO) comprises sale of equity shares to the tune of Rs 500 crore.

Electronics Mart intends to utilise the net proceeds to fund its capital expenditure and incremental working capital requirements to the extent of Rs 133.8 crore and Rs 200 crore, respectively. And Rs 50 crore will be used towards payment of debt. The funds will also be used for general corporate purposes.

 Founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of 'Bajaj Electronics', Electronics Mart India Ltd (EMIL) is one of the fastest growing companies in the retail of consumer durables and electronics. Its prides to have over 1 crore customers, 7.5 lakh square feet of retail space across over 90 stores supported by a strong workforce of more than 2,600 professionals.

Its multi brand outlets operate under the brand names of ‘Bajaj Electronics’ other than two specialized stores under the name of ‘Kitchen Stories’ catering to kitchen specific requirements. The company is also in the process of launching another such niche outlet under the name of ‘Audio & Beyond’ which will offer high end audio and home automation solutions.

EMIL displays more than 6,000 stock keeping units (SKUs) with a focus on large appliances such as air conditioners, televisions, washing machines, refrigerators; mobiles and small appliances besides other IT peripherals across more than 70 consumer durables and electronic brands.

It also operates across wholesale and e-commerce channels.

The company’s total income stood at Rs 3,207.37 crore in FY21 against Rs 3,179.02 crore a year ago.

 

इस ख़बर को पढ़ने के लिए यहां पर क्लिक करें

Click Here To Read The Original Version Of This News In English

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Quick Service Restaurants
    About Us: We are a boardgames cafe with an ever expanding library..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Chaat Adda is a unique concept where we serve..
    Locations looking for expansion Madhya pradesh
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Casual Dine Restaurants
    About Us: Mamu’s Infusion is a highly-popular and renowned fine dine..
    Locations looking for expansion Rajasthan
    Establishment year 1990
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Furniture/Home Decor & Furnishing
    We offer Distributer/Franchise buiness with assured Returns. High Return business..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads