DMart IPO IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 08/03 - 10/03
Issue Size ₹1,865.57 Cr
Issue Price ₹290 - 299
Market Lot 50 Shares
Shares on Offer 62,393,631
Registrar
GMP ₹185 - 187
Kostak ₹1950
Subject to Sauda N/A
Listing Date 21-03
Listing Price ₹604
Listing Gain% 102.00

About Avenue Supermarts Limited IPO

DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof. Each DMart store stocks home utility products - including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and more - available at competitive prices that their customers appreciate. Their core objective is to offer customers good products at great value.

DMart was started by Mr. Radhakishan Damani and his family to address the growing needs of the Indian family. From the launch of its first store in Powai in 2002, DMart today has a well-established presence in 119 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh and NCR. With their mission to be the lowest priced retailer in the regions they operate, their business continues to grow with new locations planned in more cities.

The supermarket chain of DMart stores is owned and operated by Avenue Supermarts Ltd. (ASL). The company has its headquarters in Mumbai.

* The brands D Mart, D Mart Minimax, D Mart Premia, D Homes, Dutch Harbour, etc are brands owned by ASL

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.

DMart is owned and operated by Avenue Supermarts Ltd. (ASL) – a company founded by Mr. Radhakishan Damani. Mr. Radhakishan Damani is respected in the business world as an astute investor in the Indian equity market, he has built a company that constantly strives towards developing a deep understanding of customer needs and satisfying them with the right products. A firm believer in core business fundamentals and strong ethical values, Mr. Damani has built DMart into an efficient, large and profitable retail chain that is highly respected by customers, partners and employees alike.

Company Mission - At DMart, they research, identify and make available new products and categories that suit the everyday needs of the Indian family. Their mission is to provide the best value possible for their customers, so that every rupee they spend on shopping with us gives them more value for money than they would get anywhere else. At DMart, they place strong emphasis on excellence in customer service. Their employees rely on the ACT formula to get the job done, with Dedication and Determination.They strongly believe that honesty and sincerity are critical in achieving complete customer satisfaction. They welcome individuals who share their values and believe in leading by action.

CSR Initiative - At DMart, they believe in corporate social responsibility and have always been committed to contributing to the communities in which they operate. While being focused on sustained economic performance, they are also acutely aware of the necessity and importance of social stewardship. Towards this end, they seek to enrich the lives of the future generation – the children of their country – through their efforts to create better environments and infrastructure in public schools in select wards of Mumbai city. They have a school excellence program through which they aim to develop infrastructure , improve educational facilities and work towards sustainable progress in public schools in selected wards of Mumbai . They work with these schools and seek to implement better teaching facilities (such as libraries & science labs) and develop infrastructure (such as toilets and playgrounds) by working with partner organisations. They hope to improve the quality of education and provide children with better education and development opportunities.

Company Financials

Particulars 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets (In ₹ Millions) 31,001.94 23,548.12 18,076.48 14,920.74 11,908.76
Total Revenue (In ₹ Millions) 86,061.05 64,576.89 47,023.25 33,551.04 22,224.09
Profit After Tax (PAT) (In ₹ Millions) 3,212.07 2,116.89 1,613.72 938.55 604.06

Avenue Supermarts Limited IPO IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - Mar 08,2017 1.84 0.52 1.44 1.36
Day 2 - Mar 09,2017 9.14 4.97 4.06 5.71
Day 3 - Mar 10,2017 144.61 277.74 7.30 104.48

Allotment Status

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IPO Allotment Status

Avenue Supermarts Limited IPO IPO FAQs

  1. When will Avenue Supermarts Limited IPO IPO open?

    Avenue Supermarts Limited IPO IPO will open on 08/03 and close on 10/03.

  2. What is the listing date of Avenue Supermarts Limited IPO IPO?

    Avenue Supermarts Limited IPO IPO will list on 21-03.

  3. What is the offer price of Avenue Supermarts Limited IPO IPO?

    The offer price of Avenue Supermarts Limited IPO IPO is ₹290 - 299.

  4. What is the lot size of Avenue Supermarts Limited IPO IPO?

    The lot size of Avenue Supermarts Limited IPO IPO is 50.

  5. What is the Grey Market Premium (GMP) price of Avenue Supermarts Limited IPO IPO?

    The Grey Market Premium (GMP) price of Avenue Supermarts Limited IPO IPO is ₹185 - 187.

  6. What is the Kostak price of Avenue Supermarts Limited IPO IPO?

    The Kostak price of Avenue Supermarts Limited IPO IPO is ₹1950.

  7. What is the Subject to Sauda price for Avenue Supermarts Limited IPO IPO?

    The Subject to Sauda price for Avenue Supermarts Limited IPO IPO is Not Available at the moment.

Avenue Supermarts Limited IPO IPO Review/Comments

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