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Avenue Supermarts Ltd.

BSE: 540376 Sector: Others
NSE: DMART ISIN Code: INE192R01011
BSE 00:00 | 20 Apr 1474.55 -12.10
(-0.81%)
OPEN

1486.90

HIGH

1490.65

LOW

1468.80

NSE 00:00 | 20 Apr 1475.40 -13.25
(-0.89%)
OPEN

1482.50

HIGH

1491.00

LOW

1468.00

OPEN 1486.90
PREVIOUS CLOSE 1486.65
VOLUME 35569
52-Week high 1516.70
52-Week low 692.50
P/E 128.89
Mkt Cap.(Rs cr) 92,024
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1486.90
CLOSE 1486.65
VOLUME 35569
52-Week high 1516.70
52-Week low 692.50
P/E 128.89
Mkt Cap.(Rs cr) 92,024
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Avenue Supermarts Ltd. (DMART) - Company History

Avenue Supermarts was incorporated as Avenue Supermarts Private Limited on May 12 2000 at Mumbai Maharashtra as a private limited company under the Companies Act 1956. Subsequently the name of the Company was changed to Avenue Supermarts Limited due to conversion from a private company to a public company pursuant to a special resolution passed by the Shareholders at an extraordinary general meeting held on February 1 2011. Pursuant to the aforesaid change of name a fresh certificate of incorporation was issued to the Company by the RoC on May 3 2011.The supermarket chain of DMart stores is owned and operated by Avenue Supermarts Ltd. (ASL). The company has its headquarters in Mumbai. The brands D Mart D Mart Minimax D Mart Premia D Homes Dutch Harbour etc are brands owned by ASL. DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof. Each DMart store stocks home utility products - including food toiletries beauty products garments kitchenware bed and bath linen home appliances and more - available at competitive prices. The company's core objective is to offer customers good products at great value.DMart was started by Mr. Radhakishan Damani and his family to address the growing needs of the Indian family. From the launch of its first store in Powai in 2002 DMart today has a well-established presence in 154 locations across Maharashtra Gujarat Andhra Pradesh Madhya Pradesh Karnataka Telangana Chhattisgarh NCR Tamil Nadu Punjab and Rajasthan.In 2007 DMart entered Gujarat with its first store in the state. In 2010 the total store count of our company crossed 25 stores and the audited consolidated revenue crossed Rs 1000 crore mark. In 2012 the store count of the company crossed 50 stores. In 2014 the store count of our company increased to 75 stores. In 2015 audited consolidated revenue of the company crossed Rs 5000 crore mark. In 2016 the store count of our company increased to 110 and the consolidated revenues crossed Rs 7500 crore mark. On 30 September 2016 the company filed Draft Red Herring Prospectus and on 2 March 2017 filed Red Herring Prospectus with SEBI for raising Rs. 1870 crore. The IPO was open through the book building route from 8 March 2017 to 10 March 2017 with Price Band of Rs 295 to Rs 299 per share. The Issue got subscribed 73.41 times leading to its Issue Price being fixed at Rs 299 per share. The Shares got listed on BSE and NSE on 21 March 2017. The stock debuted at Rs 604.40 on BSE which is 102.14% above issue price.On 2 February 2018 Avenue Supermarts (ASL) announced that the company has completed the acquisition of 4.35 crore equity shares of Rs 10 each fully paid-up of Avenue E-Commerce Limited at a price of Rs 11.30 per equity share aggregating to Rs 49.21 crore. Pursuant to this Avenue E-Commerce Limited has become a wholly-owned subsidiary of the company. Before the acquisition of additional shares ASL held 49.21% stake in Avenue E-Commerce Limited. Earlier ASL's Board of Directors at its meeting held on 25 January 2018 had approved acquisition of additional 4.35 crore equity shares constituting 50.79% of the share capital of Avenue E-Commerce Limited an Associate Company from other shareholders for total consideration of Rs 49.21 crore. Avenue E-Commerce Limited is engaged in the business of online retail of food products and groceries in India. The company clocked turnover of Rs 1.20 crore in 2016-17.On 7 March 2018 Avenue Supermarts (ASL) announced that the shareholding of the company in Avenue E-Commerce Limited has reduced from 100% to 99.66% pursuant to the allotment of shares on preferential basis by Avenue E-Commerce Limited to ASL and other applicants of the issue.