Avenue Supermarts Rs 1,870-cr IPO to be out on March 8
01/03/2017 12:40
Avenue Supermarts, the owner and operator of supermarket retail chain D-Mart, will come out with its Rs 1,870-crore initial public offering on March 8, reported PTI. This will be the biggest public issue since PNB Housing Finances offering in October last year, which had garnered Rs 3,000 crore. It will be open to public subscription on March 8-10, according to the red herring prospectus (RHP). The funds from the IPO will be utilised towards construction and purchase of fit-outs for new stores and loan repayment. The firm, valued at Rs 18,000 crore, is an emerging national supermarket chain, with focus on value-retailing. As many as nine merchant bankers - Kotak Mahindra Capital, Axis Capital, Edelweiss Financial Services, HDFC Bank, ICICI Securities, JM Financial Institutional Securities, Inga Capital, SBI Capital Markets and Motilal Oswal Investment Advisors - will manage Avenue Supermarts IPO. The company had filed the IPO papers with markets watchdog in September and got observation from the Securities and Exchange Board of India (Sebi) on December 6, a must for any company to launch the public offer.
01/03/2017 12:40
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Avenue Supermarts, the owner and operator of supermarket retail chain D-Mart, will come out with its Rs 1,870-crore initial public offering on March 8, reported PTI. This will be the biggest public issue since PNB Housing Finances offering in October last year, which had garnered Rs 3,000 crore. It will be open to public subscription on March 8-10, according to the red herring prospectus (RHP). The funds from the IPO will be utilised towards construction and purchase of fit-outs for new stores and loan repayment. The firm, valued at Rs 18,000 crore, is an emerging national supermarket chain, with focus on value-retailing. As many as nine merchant bankers - Kotak Mahindra Capital, Axis Capital, Edelweiss Financial Services, HDFC Bank, ICICI Securities, JM Financial Institutional Securities, Inga Capital, SBI Capital Markets and Motilal Oswal Investment Advisors - will manage Avenue Supermarts IPO. The company had filed the IPO papers with markets watchdog in September and got observation from the Securities and Exchange Board of India (Sebi) on December 6, a must for any company to launch the public offer.
