Why was Electronics Mart India IPO a hit with investors?
Electronics Mart India IPO live bse live nse live Volume Todays L/H More × The initial public offering of Electronics Mart India received an overwhelming response from investors during October 4-7, getting bids worth more than Rs 26,500 crore against an IPO size of Rs 500 crore. The qualified institutional buyers bought 169.54 times their reserved portion. India's consumer durable market is expected to grow at a CAGR of 10-12 percent over FY22-27, taking its market size to Rs 4.8-5.3 trillion in FY27, driven by 1) rising income-led aspirations, increased urbanization & nuclear families, underpenetration of electronics goods and improved financing mechanism. The potential increase in the company’s revenue could have been a factor in the high demand for this IPO, Aprit said. "The company offers a diversified range of products with a focus on large appliances and is fast expanding into the retail and e-commerce space which contribute 80 percent to its business," Arpit Jain said. 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. #stockmarket#ipo#electronic#investors Source:- CNBCTV18