Chain set to become highest valued listed retailer

D-Mart's parent Avenue, Supermarts, said it was raising Rs 1,870 cr through its initial public issue

D-Mart, promoted by stock market investor R K Damani, is set to become the highest valued listed retail company in the country.
 

D-Mart’s parent Avenue, Supermarts, said it was raising Rs 1,870 crore through its initial public issue and diluting 10 per cent of it. Going by that, the company is valued at Rs 18,700 crore.

It has set a price band of Rs 295-299 a share.

In comparison, Kishore Biyani-promoted Future Retail has a total market capitalisation of Rs 12,201 crore, going with Wednesday’s closing price of Rs 258.60,  and Tata-owned Trent has a market cap of Rs 8,148