Avenue Supermarts IPO

DMart operator plans faster store rollout with focus on north India and Tier-II cities, eyes 20% expansion and long-term potential of up to 1,900 outlets

With experience across developed markets, Asawa has worked closely with modern retail chains to drive growth even in saturated categories

While the earlier QCom players offered a price advantage to DMart, Flipkart Minutes and Amazon Tez are slightly below DMart on price, while pushing QCom convenience

Indian Oil or Coal India or both could get booted out of the blue chip company index, which is tracked by funds with assets under management of nearly $20 billion

Billion-dollar deals aplenty for right business

The shares of Avenue Supermart were subscribed more than 3.5 times, with investors bidding for 51.8 million shares against 14.8 million shares on offer.

Avenue Supermarts also became the 65th most valued stock in India

The IPO was subscribed more than 104 times earlier this month

Sebi turns the heat on MCX staffers and the latest tranche of CPSE ETF may not perform so well

The company's net profits have grown in each of the last five financial years since FY12