new delhi the initial public offering ipo of consumer durables retail chain electronics mart india received 7193 times subscription on the final day of offer on fridaythe ipo received bids for 44953 crore shares against 625 crore shares on offer according to a data available with the nsethe category for qualified institutional buyers qibs received 16954 times subscription noninstitutional investors niis 6359 times and retail individual investors riis 1971 timesthe ipo had a fresh issue of equity shares aggregating to rs 500 crore with no offer for sale componentprice range for the offer was at rs 5659 a shareon tuesday the public offer of electronics mart india was subscribed 169 times on the first day of offerthe domestic equity markets were closed on wednesday for the dussehra festivalelectronics mart india ltd emil was founded by pavan kumar bajaj and karan bajaj as a proprietary concern with a consumer durables and electronics store under the name of bajaj electronicsits multibrand outlets operate under the brand name bajaj electronics other than two specialised stores under the name kitchen stories catering to kitchen specificrequirements and one specialised store format under the name audio beyond focusing on highend home audio and home automation solutionsanand rathi share and stock brokers iifl securities and jm financial were the managers to the offer