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Wednesday, March 8, 2017

Avenue Supermarts IPO (D-Mart IPO) opens for subscription

The much awaited Initial Public offer (IPO) of D-Mart has opened for subscription from today

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 operates 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

The IPO would remain open for subscription till March 10, 2017. The shares are offered in a price band of Rs. 295 to Rs. 299 per equity share with a minimum order quantity and a bid lot of 50 Equity shares and in multiples thereof
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