Tuesday, February 28, 2017

D Mart IPO to open on Mar 8th

Avenue Supermarts Ltd (D Mart) is entering in the capital market raising 1,800 crores by selling 6,23,93,631 equity shares. The price band for the issue has been fixed at Rs 295 at lower level and Rs 299 at upper level.

D Mart is Mumbai based retail supermarket chain and third largest and most profitable in the F&G retail sector in India after Reliance retail and Future group. Company offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.

The issue opens on Mar 08, 2017 and closes for subscription on Mar 10, 2017. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).