Electronics Mart India fixes IPO at ₹56-₹59 a share, to raise ₹500 cr

Electronics Mart India Limited, which will open for subscription on October 4, set its price band at ₹56-₹59 apiece for its IPO. The country's fourth-largest consumer durables retail chain expects to raise around ₹500 crore through fresh issue with face value of ₹10 each. Anchor investors can bid on October 3 and issue will close for subscription on October 7.