IPO Issue Details
Issue Price / Price Band₹299 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size50 Shares per Lot
Total Issue Size6,25,41,806 shares (aggregating up to ₹1,870.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 08 Mar 2017
Subscription CloseFri, 10 Mar 2017
Anchor AllotmentTue, 07 Mar 2017
Basis of AllotmentThu, 16 Mar 2017
Initiation of RefundsFri, 17 Mar 2017
Credit of Shares to DematMon, 20 Mar 2017
Listing DateTue, 21 Mar 2017
UPI Mandate Deadline2017-03-10
Application & Investment Details
Retail — Min (1 Lots)₹14,950 — 50 shares
Retail — Max (13 Lots)₹194,350 (13 Lots)
HNI — Min (14 Lots)₹2,09,300 — 700 shares
Pre-IPO Promoter Holding56,15,42,680 shares
Post-IPO Promoter Holding62,40,84,486 shares
About Avenue Supermarts Ltd.
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.
Objects of the Issue
Avenue Supermarts Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment or prepayment of a portion of loans and redemption or earlier redemption of NCDs availed by the Company
1,080.00
2
2 Construction and purchase of fit outs for new stores
366.60
3
3 General corporate purposes
390.75
Shareholding & Lock-in
Pre-IPO Promoter Holding
56,15,42,680 shares
Post-IPO Promoter Holding
62,40,84,486 shares
Lock-in Period (30%)April 15, 2017
Lock-in Period (50%)June 14, 2017