Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessIPOD-Mart operator Avenue Supermarts to list on March 21

    D-Mart operator Avenue Supermarts to list on March 21

    Owner of supermarket retail chain will list on the stock exchanges after having already raised Rs 561 crore from anchor investors; grey market premium seen higher

    March 20, 2017 / 16:20 IST

    Avenue Supermarts, the operator of supermarket retail chain D-Mart, will be listing on stock exchanges on March 21.

    The issue was oversubscribed a whopping 104 times. It raised Rs 561 crore through allotment of shares to anchor investors as part of the anchor book allocation.

    The listing will follow another popular listing, Music Broadcast Limited, the parent of FM channel Radio City. The scrip had a stellar listing as it opened 23 percent higher.

    D-Mart has chain of around 120 retail stores, with most of them being in Maharashtra and Karnataka.

    Grey market brokers said that the stock was quoting at a premium of Rs 175-180 over the issue price.

    first published: Mar 20, 2017 08:33 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347