Mumbai, Oct. 4 -- The Initial Public Offering (IPO) of Electronic Mart India Limited (EMIL), (Bajaj Electronics) will remain open till October 7. The price band for a share of EMIL has been fixed at Rs 56-59.

Those who want to invest in the IPO need to buy 254 equity shares and in multiples of 254 thereafter. At the upper band of Rs 59, the cost of a lot will be Rs 14,986.

Out of the total lots, 50 percent is reserved for qualified institutional investors (QII), 35 percent for retail investors, and 15 percent for non-institutional investors.

EMIL operates outlets in the name of Bajaj Electronics

EMIL which is the largest company in south India and the fourth largest in the country operates a chain of outlets in the name of Bajaj Elect...