The DMart IPO is a book-built issue worth Rs 1,870.00 crore. The DMart IPO auction began on March 8, 2017 and ended on March 10, 2017. On Thursday, March 16, 2017, the allotment for the DMart IPO was completed. On March 21, 2017, the shares were listed on the BSE and the NSE. The DMart IPO pricing range is established at $295 to $299 per share. The minimum lot size for an application is 50 shares. Retail investors must invest at least $14,950.
Avenue Supermarts Limited, a Mumbai-based grocery company, was founded in 2002. The company is one of India’s largest and most lucrative F&G retailers. The company offers a diverse range of products, with a particular emphasis on the Foods, Non-Foods (FMCG), and General Merchandise & Apparel product categories. In India, the company operates 112 outlets in 41 locations. All of the stores are operated and managed by the company. The company also has distribution and packing centers, which serve as the backbone of the supply chain for its retail store network.
In Maharashtra, Gujarat, Telangana, and Karnataka, the company operates 21 distribution locations and six packing facilities.
DMart IPO Details
| IPO Date | March 8, 2017 to March 10, 2017 |
| Listing Date | March 21, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹295 to ₹299 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 62,541,806 shares (aggregating up to ₹1,870.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
DMart IPO Timeline
| IPO Open Date | Wednesday, March 8, 2017 |
| IPO Close Date | Friday, March 10, 2017 |
| Basis of Allotment | Thursday, March 16, 2017 |
| Initiation of Refunds | Friday, March 17, 2017 |
| Credit of Shares to Demat | Monday, March 20, 2017 |
| Listing Date | Tuesday, March 21, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 10, 2017 |
DMart IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 12,677,966 (28.57%) | NA |
| NII (HNI) Shares Offered | 9,508,475 (21.43%) | |
| Retail Shares Offered | 22,186,441 (50.00%) | 443,728 |
| Total Shares Offered | 44,372,882 (100%) |
DMart IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,950 |
| Retail (Max) | 13 | 650 | ₹194,350 |
Objects of the Issue (DMart IPO Objectives)
The net proceeds of the IPO are proposed to be used as set forth below:
- Repayment or prepayment of a portion of loans and redemption or earlier redemption of NCDs availed by the Company;
- Construction and purchase of fit outs for new stores;
- General corporate purposes.
DMart IPO Listing Details
| Listing Date | March 21, 2017 |
| BSE Script Code | 540376 |
| NSE Symbol | DMART |
| ISIN | INE192R01011 |
| Final Issue Price | ₹299 per share |
DMart Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹299.00 | ₹299.00 |
| Open | ₹604.40 | ₹600.00 |
| Low | ₹558.75 | ₹558.30 |
| High | ₹650.00 | ₹648.90 |
| Last Trade | ₹640.75 | ₹641.60 |
Avenue Supermarts Limited Contact Details
Avenue Supermarts Limited
B – 72/72A, Wagle Industrial Estate,
Road No. 33, Kamgar Hospital Road,
Thane: 400 604
Phone: 022 3340 0500
Email: [email protected]
Website: http://www.dmartindia.com
DMart IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
DMart IPO FAQs
Q1. What is the DMart IPO?
Ans. DMart IPO is a main-board IPO of 62,541,806 equity shares with a face value of ₹10, aggregating up to ₹1,870.00 crore. The issue is priced at ₹295 to ₹299 per share. The minimum order quantity is 50 shares. The IPO opens on March 8, 2017, and closes on March 10, 2017.
Q2. When DMart IPO will open?
Ans. The DMart IPO opens on March 8, 2017 and closes on March 10, 2017.
Q3. What is the lot size of the DMart IPO?
Ans. DMart IPO lot size is 50 shares, and the minimum amount required is ₹14,950.
Q4. When is the DMart IPO listing date?
Ans. The DMart IPO listing date is March 21, 2017.
