Avenue Supermarts Ltd Ipo

Avenue supermarts ltd ipo

 

Avenue Supermarts IPO

Avenue Supermarts is an emerging national supermarket chain, with a focus on value-retailing.

Avenue supermarts ltd ipo

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).

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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.

Avenue supermarts ltd ipo

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.

Avenue supermarts ltd ipo

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 Dates8 – 10 March 2017
Price BandINR295 – 299 per share
Fresh issueINR1,870 crore
Offer For SaleNil
Total IPO sizeINR1,870 crore
Minimum bid (lot size)50 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

 

Avenue Supermarts’ consolidated financial performance (in INR crore)
FY2012FY2013FY2014FY2015FY2016
Total revenue2,222.43,355.14,702.36,457.78,606.1
Total expenses2,134.03,214.24,457.46,134.38,113.9
Profit after tax60.493.9161.4211.7321.2

 

Avenue Supermarts Limited
B – 72/72A, Wagle Industrial Estate, Road No.

Avenue supermarts ltd ipo

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

CategoryShares offeredSubscription (No.

of times, at 7:30 PM) 

Day 1Day 2Day 3
QIB12,677,9661.84 9.14 144.61
NII 9,508,4750.51 4.96 277.74
Retail 22,186,4411.43 4.05 7.40
Total 44,372,8821.355.70104.53

Avenue Supermarts IPO allotment status is now available on Link Intime’s website.

D-Mart Opens Strong On Listing Day - Doubles On Issue Price

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)