Bajaj Electronics announces opening of its IPO on October 4

HYDERABAD: Hyderabad-based Bajaj Electronics aka Electronic Mart India Limited (EMIL) said on Saturday that its Initial Public Offering (IPO) would open on October 4 and close on October 7. The shares on offer have been priced at Rs. 56-59 apiece, it said.

EMIL said its operating margins were the second highest, and that it had the highest turnover in the southern region compared to its peers in FY 21. Its revenue from operations grew at a compound annual growth rate (CAGR) of 17.90 per cent between FY 16 and FY 20. In FY 22 it crossed a milestone with its revenue from operations crossing Rs. 40,000 million, EMIL Said.