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    Vikshita Vitthal Gujaran in Stock Market Update

    07-Oct-2022 07:07 AM


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    Electronics Mart India IPO subscribed 12.42 times on last day of bidding

    Electronics Mart India IPO live bse live nse live Volume Todays L/H More × The Initial Public Offering (IPO) of Electronics Mart India continued to see good response from investors on the final day of the bidding.
    Non-institutional investors and qualified institutional investors also appeared to be bullish on the company, buying 23.52 times and 5.95 times the quota set aside for them respectively.
    At higher end of price band of Rs 56-59 per share, most of brokerages feel the issue is attractively priced with decent revenue growth, steady margin performance, expectations of strong growth prospects for consumer durables business.
    Hence, Canara Bank Securities recommended to subscribe to the issue for listing gains and long term.
    Marwadi Financial Services also assigned a subscribe rating to this IPO as the company enjoys a leadership position in South India and is available at discounted valuation (P/E of 21.85x) as compared to its peer namely Aditya Vision which is trading at a P/E of 32.7x.
    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management.

    Source - Money Control
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