Bookbuilding IPO | ₹1,870 Cr | Listed at BSE, NSE | Wed, Mar 8, 2017 - Fri, Mar 10, 2017
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 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹14,950 (50 shares) (based on upper price). 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 Open
Wed, Mar 8, 2017
IPO Close
Fri, Mar 10, 2017
Issue Price
₹299 per share
Market Cap (Pre-IPO)
₹18,660.13 Cr
| IPO Date | 8 to 10 Mar, 2017 |
| Listed on | Tue, Mar 21, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹295 to ₹299 |
| Issue Price | ₹299 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 6,25,41,806 shares (agg. up to ₹1,870 Cr) |
| Fresh Issue | 6,25,41,806 shares (agg. up to ₹1,870 Cr) |
| Share Holding Pre Issue | 56,15,42,680 shares |
| Share Holding Post Issue | 62,40,84,486 shares |
| BSE Script Code / NSE Symbol | 540376 / DMART |
| ISIN | INE192R01011 |
Avenue Supermarts IPO comprises a total issue size of 6,25,41,806 shares. Out of which, 3,12,70,902 (50.00%) are allocated to QIB, 93,81,271 (15.00%) allocated to NII 2,18,89,633 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| 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 |
Avenue Supermarts IPO raises ₹561.00 crore from anchor investors. Avenue Supermarts IPO Anchor bid date is March 7, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 7, 2017 |
| Shares Offered | 1,87,62,541 |
| Anchor Portion (₹ Cr.) | 561.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Apr 15, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jun 14, 2017 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Avenue Supermarts IPO is subscribed 104.48 times on March 10, 2017 6:30:00 PM (Day 3). The public issue subscribed 7.30 times in the retail category, 144.61 times in the QIB category, and 277.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 144.61 | 1,26,77,966 | 1,83,33,79,700 |
| NII | 277.74 | 95,08,475 | 2,64,08,87,650 |
| Retail | 7.30 | 2,21,86,441 | 16,20,29,800 |
| Total | 104.48 | 4,43,72,882 | 4,63,62,97,150 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Managers | 9.43 |
| 2 | Brokerage and selling commission for members of the Syndicate, SCSBs, RTAs and CDPs | 2.26 |
| 3 | Processing fees to SCSBs for ASBA Applications procured by the Syndicate, Sub-Syndicate, Registered Brokers, RTAs or CDPs and submitted with the SCSBs; and Bidding Charges to members of the Syndicate, RTAs and CDPs | 1.15 |
| 4 | Selling commission for Registered Brokers | 0.12 |
| 5 | Fees payable to Registrar to the Issue | 0.02 |
| 6 | Printing and stationery expenses | 3.22 |
| 7 | Advertising and marketing expenses | 3.91 |
| 8 | Listing fees | 0.16 |
| 9 | SEBI, BSE and NSE processing fees | 4.07 |
| 10 | Fees payable to Legal Counsels | 3.10 |
| 11 | Miscellaneous | 5.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹299.00 | ₹299.00 |
| Open | ₹604.40 | ₹600.00 |
| Low | ₹558.75 | ₹558.30 |
| High | ₹650.00 | ₹648.90 |
| Last Trade | ₹640.75 | ₹641.60 |
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 Crores. The issue is priced at ₹299 per share. The minimum order quantity is 50.
The IPO opens on Wed, Mar 8, 2017, and closes on Fri, Mar 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 Wed, Mar 8, 2017 and closes on Fri, Mar 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 Mon, Mar 20, 2017. Check the Avenue Supermarts IPO allotment status.
The Avenue Supermarts IPO listing date is on Tue, Mar 21, 2017.
