D-Mart tops IPO charts since 2010

Issue subscribed 104 times; attracts bids worth Rs 1.38 lakh crore

Investors across segments queued up for the initial public offering (IPO) of Avenue Supermarts, which operates the successful retail chain D-Mart, mainly in Maharashtra and Gujarat. 

The Rs 1,840-crore offering, which closed on Friday, saw 104 times more demand than the shares on offer. The issue generated bids worth Rs 1.38 lakh crore — the most since Coal India’s IPO in 2010. 

The so-called qualified institutional buyer (QIB) portion of the IPO was subscribed 146 times, high-networth individual (HNI) segment was subscribed 281 times and retail investor portion saw seven times more demand than the shares on offer. 

Investors applied