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Avenue Supermarts IPO oversubscribed 1.38 times on Day One of issue

The 44.37 million share offering has so far garnered bids for 60 million shares

BS Reporter  |  Mumbai 

Neville Noronha
Neville Noronha, CEO & MD, Avenue Supermarts at the IPO press conference in Mumbai. Photo: Kamlesh Pednekar

The Rs 1,870-crore initial public offering (IPO) of was subscribed 1.38 times on Wednesday, the first day of the issue. The 44.37 million share offering has so far garnered bids for 60 million shares. 

The retail and institutional portion of the have already been oversubscribed, while high networth individual portion has been subscribed 52%. On the first day itself, the saw close to 300,000 applications. 

According to estimates, the is likely to see huge oversubscription to the tune of 200 times. The price band for the is Rs 295 to Rs 299 per share. 

The company on Tuesday had raised Rs 561 crore from 35 anchor investors by allotting them shares at Rs 299 apiece.

The supermarket operator operates 118 stores across 45 cities under the "D-Mart" brand

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Avenue Supermarts IPO oversubscribed 1.38 times on Day One of issue

The 44.37 million share offering has so far garnered bids for 60 million shares

The 44.37 million share offering has so far garnered bids for 60 million shares
The Rs 1,870-crore initial public offering (IPO) of was subscribed 1.38 times on Wednesday, the first day of the issue. The 44.37 million share offering has so far garnered bids for 60 million shares. 

The retail and institutional portion of the have already been oversubscribed, while high networth individual portion has been subscribed 52%. On the first day itself, the saw close to 300,000 applications. 

According to estimates, the is likely to see huge oversubscription to the tune of 200 times. The price band for the is Rs 295 to Rs 299 per share. 

The company on Tuesday had raised Rs 561 crore from 35 anchor investors by allotting them shares at Rs 299 apiece.

The supermarket operator operates 118 stores across 45 cities under the "D-Mart" brand
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Business Standard
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Avenue Supermarts IPO oversubscribed 1.38 times on Day One of issue

The 44.37 million share offering has so far garnered bids for 60 million shares

The Rs 1,870-crore initial public offering (IPO) of was subscribed 1.38 times on Wednesday, the first day of the issue. The 44.37 million share offering has so far garnered bids for 60 million shares. 

The retail and institutional portion of the have already been oversubscribed, while high networth individual portion has been subscribed 52%. On the first day itself, the saw close to 300,000 applications. 

According to estimates, the is likely to see huge oversubscription to the tune of 200 times. The price band for the is Rs 295 to Rs 299 per share. 

The company on Tuesday had raised Rs 561 crore from 35 anchor investors by allotting them shares at Rs 299 apiece.

The supermarket operator operates 118 stores across 45 cities under the "D-Mart" brand

image
Business Standard
177 22