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Avenue Supermarts IPO is a book build issue of ₹1,870.00 crores. The issue is entirely a fresh issue of 6.25 crore shares of ₹1,870.00 crore.
Avenue Supermarts IPO bidding started from Mar 8, 2017 and ended on Mar 10, 2017. The allotment for Avenue Supermarts IPO was finalized on Mar 16, 2017. The shares got listed on BSE, NSE on Mar 21, 2017.
Avenue Supermarts IPO price band is set at ₹299.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹14,750 (50 shares). The lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,09,300, and for bNII, it is 67 lots (3,350 shares), amounting to ₹10,01,650.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Avenue Supermarts IPO RHP for detailed Information.
| IPO Date | March 8, 2017 to March 10, 2017 |
| Listing Date | March 21, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹295 to ₹299 per share |
| Issue Price Final | ₹299 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,25,41,806 shares (aggregating up to ₹1,870.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 56,15,42,680 shares |
| Share Holding Post Issue | 62,40,84,486 shares |
DMart IPO offers total 6,25,41,806 shares. Out of which 3,12,70,902 (50.00%) allocated to QIB, 1,25,08,361 (20.00%) allocated to QIB, 93,81,271 (15.00%) allocated to NII, 2,18,89,633 (35.00%) allocated to RII and 1,87,62,541 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,12,70,902 (50.00%) | NA |
| − Anchor Investor Shares Offered | 1,87,62,541 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,25,08,361 (20.00%) | NA |
| NII (HNI) Shares Offered | 93,81,271 (15.00%) | NA |
| Retail Shares Offered | 2,18,89,633 (35.00%) | 4,37,792 |
| Total Shares Offered | 6,25,41,806 (100.00%) |
Avenue Supermarts IPO opens on March 8, 2017, and closes on March 10, 2017.
| IPO Open Date | Wed, Mar 8, 2017 |
| IPO Close Date | Fri, Mar 10, 2017 |
| Tentative Allotment | Thu, Mar 16, 2017 |
| Initiation of Refunds | Fri, Mar 17, 2017 |
| Credit of Shares to Demat | Mon, Mar 20, 2017 |
| Tentative Listing Date | Tue, Mar 21, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 10, 2017 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,950 |
| Retail (Max) | 13 | 650 | ₹1,94,350 |
| S-HNI (Min) | 14 | 700 | ₹2,09,300 |
| S-HNI (Max) | 66 | 3,300 | ₹9,86,700 |
| B-HNI (Min) | 67 | 3,350 | ₹10,01,650 |
Incorporated in 2002, Avenue Supermarts Limited is Mumbai based supermarket chain D-Mart. Company is among the largest and the most profitable F&G retailer in India. Commpany offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.
Company has 112 stores located across 41 cities in India. Company operate and manage all its stores. Company also operate distribution centres and packing centres which form the backbone of the supply chain to support its retail store network. Company has 21 distribution centres and six packing centres in Maharashtra, Gujarat, Telangana and Karnataka.
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 31,001.94 | 23,548.12 | 18,076.48 | 14,920.74 | 11,908.76 |
| Total Revenue | 86,061.05 | 64,576.89 | 47,023.25 | 33,551.04 | 22,224.09 |
| Profit After Tax (PAT) | 3,212.07 | 2,116.89 | 1,613.72 | 938.55 | 604.06 |
The Company Avenue Supermarts IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment or prepayment of a portion of loans and redemption or earlier redemption of NCDs availed by the Company | 1,080.00 |
| 2 | Construction and purchase of fit outs for new stores | 366.60 |
| 3 | General corporate purposes | 390.75 |
[Dilip Davda] D-mart is the most popular and preferred retail chain and performing well. Issue is reasonably priced. Investors may consider short to long term investment. Read detail review...
| Listing Date | March 21, 2017 |
| BSE Script Code | 540376 |
| NSE Symbol | DMART |
| ISIN | INE192R01011 |
| Final Issue Price | ₹299 per share |
| BSE Listing Group | B |
Avenue Supermarts Ltd.
B - 72/72A, Wagle Industrial Estate,
Road No. 33, Kamgar Hospital Road,
Thane - 400 604
Thane, Maharashtra
Phone: 022 3340 0500
Email: investorrelations@dmartindia.com
Website: http://www.dmartindia.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: asl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Lead Manager Reports
Avenue Supermarts IPO is a main-board IPO of 6,25,41,806 equity shares of the face value of ₹10 aggregating up to ₹1,870.00 Crores. The issue is priced at ₹299 per share. The minimum order quantity is 50.
The IPO opens on March 8, 2017, and closes on March 10, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Avenue Supermarts IPO using UPI as a payment gateway. Zerodha customers can apply in Avenue Supermarts IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Avenue Supermarts IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Avenue Supermarts IPO opens on March 8, 2017 and closes on March 10, 2017.
Avenue Supermarts IPO lot size is 50, and the minimum amount required for application is ₹14,950.
You can apply in Avenue Supermarts IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Avenue Supermarts IPO will be done on Thursday, March 16, 2017, and the allotted shares will be credited to your demat account by Monday, March 20, 2017. Check the Avenue Supermarts IPO allotment status.
The Avenue Supermarts IPO listing date is on Tuesday, March 21, 2017.
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