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Retail brokerages ask clients to subscribe to D-Mart IPO

The supermarket operator operates 118 stores across 45 cities

BS Reporter  |  Mumbai 

Most retail brokerages are recommending their clients to subscribe to Avenue Supermarts’ (ASL) initial public offering (IPO). Analysts are enthused by the company’s superior financial track record and return ratios, strong growth prospects and attractive valuations. Following are edited excerpts from ASL’s IPO notes: Emkay ASL is looking for a valuation of Rs 18,660 crore at the upper end of the price band. On an annualised 9MFY17 financials, the stock demands an enterprise value (EV) to sales ratio of 1.7 times, EV to Ebitda (earnings before interest, tax, ...

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First Published: Wed, March 08 2017. 21:15 IST
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