Avenue Supermarts sets IPO price band at Rs 295-299

The IPO of the supermarket operator opens for public subscription on March 8

Avenue Supermarts will sell shares in its initial public offering up to around Rs 1,870 crores  ($280.4 million) in a price range of  Rs 295-299 a share, it said in a public notice on Wednesday.

The IPO of the supermarket operator, which operates 118 stores across 45 cities under the "D'Mart" brand, opens for public subscription on March 8 and closes on March 10.