Avenue Supermarts IPO (D-Mart IPO)

 

Avenue Supermarts IPOAvenue Supermarts IPO

Avenue Supermarts is an emerging national supermarket chain, with a focus on value-retailing. According to Technopak, in Fiscal 2016 the company was one of the largest and the most profitable F&G retailer in India. Avenue Supermarts offers a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.

As of 15 September 2016, Avenue Supermarts operated 112 stores with Retail Business Area of 3.40 million sq.ft, located across 41 cities in Maharashtra (58), Gujarat (26), Telangana (13), Karnataka (7), Andhra Pradesh (3), Madhya Pradesh (3), Chhattisgarh (1) and NCR (1). The company plans to deepen its store network in southern and western India and gradually expand the network in other parts of India pursuant to its cluster-focused expansion strategy.

Avenue Supermarts operates and manage all its stores which operate under the D-Mart brand. The company operates predominantly on an ownership model (including long-term lease arrangements, where lease period is more than 30 years and the building is owned by Avenue Supermarts rather than on a rental model. The company opens new stores using a cluster approach on the basis of adjacencies and focusing on an efficient supply chain, targeting densely-populated residential areas with a majority of lower-middle, middle and aspiring upper-middle class consumers.

Promoters of Avenue Supermarts: Radhakishan S. Damani, Gopikishan S. Damani, Shrikantadevi R. Damani, Kirandevi G. Damani, Bright Star, Royal Palm Trust, Bottle Palm Trust, Mountain Glory Trust, Gulmohar Trust and Karnikar Trust.

Avenue Supermarts IPO details
Subscription Dates 8 – 10 March 2017
Price Band INR295 – 299 per share
Fresh issue INR1,870 crore
Offer For Sale Nil
Total IPO size INR1,870 crore
Minimum bid (lot size) 50 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

 

Avenue Supermarts’ consolidated financial performance (in INR crore)
FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue 2,222.4 3,355.1 4,702.3 6,457.7 8,606.1
Total expenses 2,134.0 3,214.2 4,457.4 6,134.3 8,113.9
Profit after tax 60.4 93.9 161.4 211.7 321.2

 

Avenue Supermarts Limited
B – 72/72A, Wagle Industrial Estate, Road No. 33, Kamgar Hospital Road
Thane 400604

Phone: +91 22 3340 0500
Fax: +91 22 3340 0599
Email: [email protected]
Website: www.dmartindia.com

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Website: http://www.linkintime.co.in

Avenue Supermarts IPO Subscription Details

Category Shares offered Subscription (No. of times, at 7:30 PM) 
Day 1 Day 2 Day 3
QIB 12,677,966 1.84  9.14  144.61
NII  9,508,475 0.51  4.96  277.74
Retail  22,186,441 1.43  4.05  7.40
Total  44,372,882 1.35  5.70  104.53

Avenue Supermarts IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

IPO Opening Date: 8 March 2017

IPO Closing Date: 10 March 2017

Finalisation of Basis of Allotment: 16 March 2017

Initiation of refunds: 17 March 2017

Transfer of shares to demat accounts: 20 March 2017

Listing Date: 21 March 2017

Listing Price on NSE: INR600 per share (return of 100% on IPO price)

Closing Price on NSE: INR641.6 per share (return of 114.5% on IPO price)

59 COMMENTS

  4. DMart kostak increased to 2400 now. The guys sold earlier must be repenting now. Look at V-Mart and Future Retail stock prices, rocket!!

  8. Very difficult to get allotment in good IPOs. I have been working on alternate/indirect scenarios now. For example, Future Retail is an excellent way to benefit from frenzy around Dmart IPO.
    Disclaimer – I bought but little juice left now.

  9. MUST BUY
    PORWAL AUTO
    (bse code- 532933)
    is being taken over @ 57.60/- per share : SOON NEWS WILL BE OUT
    ipo price – 75/- per share
    52-WEEK HIGH @ 52/80
    ON 01-03-2017 will open @ 42.30 AND upper circuit SOON @ 50-51
    1 month target – 82-83
    3 month target – 100-102

    don’t miss the golden opportunity.listed on bse only.
    very shortly going to list on nse also…….

    ca ankit goyal

  10. safest and best buy …………………….
    tarmat ltd.
    bse code – 532869
    nse symbol – tarmat ltd

    merger with a big corporate @ 63/- per share on the cards…announcement soon
    new multi-year high on 21.02.2017 @ 61.40 and going to touch 78.00 soon
    1 month target – 75-80
    3 month target – 110-120
    must buy

    ca ankit goyal

  12. My analysis for the number of times D-Mart would be oversubscribed: QIB 51 times, HNI: 130 times and RII 10 times. Total Collection: Rs 90,000 Crore.
    Listing Price Rs 450 , Rs 550 ( in 30 days) 650 (3 months)

  13. Can someone please guide me , where are better chances to get shares allotted in retail or HNI category. I am trying to see if I put 2Lakh in retail vs 10L in HNI , where do I have better chances to get allotment ?

  14. oh!!!!! unbelievable…subscription in D-Mart. listing on bumper price. just wait for allotment, what chance to allotment of D-Mart. !!!!

    • *Clarification*
      There are many rumors regarding Dmart circuit filter on pre opening session.
      There is 75% circuit cap but IT IS SUBJECT TO REVISION IN 10% MULTIPLE AS PER ORDER FLOW.. SO THERE IS NO CAP IN PRE OPENING…AFTER PRE OPEN SESSION THERE WILL BE 20% CIRCUIT.

  30. Against application no: 002E041430092405 while the no allotment was done, A message of & non a allotment & refund ( removal of bank hold) came on 18/3/17 but still hold is there. Kindly see and remove the bank hold.

  32. I am happy that I got 50 shares of avenue supermart for the 2nd time in my 9 years in share market in ipo .I got 44 shares of icici prudential ipo earliearlier.

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