Page 10 - Avenue Supermarts

Our philosophy is we shall not grow at any cost: Neville Noronha

Interview with Neville Noronha, CEO & MD, Avenue Supermarts

Avenue Supermarts dips post Q4 results on profit booking

Since listing on March 21, the stock rallied 26% against 1.3% rise in Sensex, till Friday, May 5

Avenue Supermarts: All engines firing

Strong show on revenues as well as earnings will help sustain high valuations

D-Mart IPO: You should book profits in Avenue Supermarts

Most analysts have arrived at a price target of Rs 600-660 over the next year and a half

Investment bankers got just 0.5% for D-Mart IPO

Avenue Supermarts, which operates the D-Mart retail chain, paid Rs 9.43 crore-just 0.5 per cent of the issue size- to the eight investment banks that managed the Initial Public Offer (IPO), information provided in the company's final offer document filed with the market regulator this week shows.Typically, investment banks charge between 1.5 per cent and three per cent to manage private sector IPOs. The average fees charged for the previous 10 big IPOs is around two per cent. The eight investment banks that handled the D-Mart IPO are Kotak Mahindra Capital Company, Axis Capital, Edelweiss Financial, HDFC Bank, ICICI Securities, Inga Capital, JM Financial Institutional Securities, Motilal Oswal Investment Advisors and SBI Capital Markets. Sources said bulk of the Rs 9.43 crore fees was paid to Kotak Mahindra Capital, which acted as the main lead banker, while the remaining eight were paid an equal fixed fee."Investment banks were told about the low fees beforehand. Despite that, they ..

D-Mart offer subscribed 5.8 times, brokerages bullish on Avenue Supermarts

The Rs 1,870-crore Initial Public Offer of equity (IPO) in Avenue Supermarts, owner of the D-Mart retail chain, was subscribed 5.8 times on Thursday, a day before close. The 44 million-share offering has got bids for 253 mn shares. While the retail (meaning, non-wealthy individual) and high net worth individual (HNI) portions have been subscribed four times and five times, respectively, the institutional quota was subscribed a little more than nine times.The offering is a completely fresh issue and a price band of Rs 295 to Rs 299 a share has been fixed.A majority of brokerages have recommended their clients subscribe for the issue. At the upper price band, the IPO is priced close to 58 times the earnings of Avenue Supermarts in FY16. In contrast, peers Future Retail and Trent are trading at 76 times and 125 times their FY16 earnings."Given its growth momentum, gross/Ebitda margin profile, return ratios and inventory turns, ASL dwarfs most of its listed peers, both domestic and ...

Avenue Supermarts IPO oversubscribed 1.38 times on Day One of issue

The 44.37 million share offering has so far garnered bids for 60 million shares

Retail brokerages ask clients to subscribe to D-Mart IPO

The supermarket operator operates 118 stores across 45 cities

Avenue Supermarts raises Rs 561 cr from anchor investors

The price band for the IPO is Rs 295 to Rs 299 per share

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 to launch Rs 1,870 cr IPO on March 8

The IPO would be the country's biggest since PNB Housing Finance raised Rs 3,000 crore