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Stellar debut for D-Mart operator Avenue Supermarts; shares jump over 100%

The IPO was subscribed more than 104 times earlier this month

Press Trust of India  |  New Delhi 

Shares of Avenue Supermarts made a stellar debut on the bourses on Tuesday, surging up to 102 per cent against the issue price of Rs 299. The stock listed at Rs 604.40, registering a sharp gain of 102.4 per cent over the issue price on BSE. It later soared 105.68 per cent to Rs 616.25. At NSE, shares of the company opened at Rs 600, up 100 per cent. The company, which recently concluded its Rs 1,870-crore initial public offering (IPO), commands a market valuation of Rs 37,198.56 crore. On the volume front, 80.93 lakh shares of the company were traded on BSE and ...

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First Published: Tue, March 21 2017. 13:26 IST
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