One of the most awaited IPO (D-Mart) in India is launching on 8 March

Don’t you just love IPOs?

There is so much of excitement and anticipation in the air.

Everyone waits with bated breath as the stock is opened.

And then people go crazy.

March 8th will see another such day as D Mart launches its IPO in India.

Are you excited yet?

Let me tell you a little bit about D Mart.

It’s a one stop supermarket chain. They sell mostly home and personal care products including food, toiletries, garments, kitchenware and appliances, among others.

D Mart was started by RadhakishanDamani in 2002. Today, D Mart has outlets in 121 locations across the country – Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telengana, Chhattisgarh, and NCR.

The company has 21 distribution centres and 6 packing centres.

The supermarket chain is owned and operated by Avenue Supermarkets Ltd. (ASL), headquartered in Mumbai.

Apart from RadhakishanDamani, ASL has other promoters. I’ve made a list of the prominent promoters below.

  1. Radhakishan S. Damani
  2. Gopikishan S. Damani
  3. Shrikantadevi R. Damani
  4. Kirandevi G. Damani
  5. Bright Star
  6. Royal Palm Trust
  7. Bottle Palm Trust
  8. Mountain Glory Trust
  9. Gulmohar Trust
  10. Karnikar Trust

Continuing the spree of informing you about D Mart and ASL, I’ve complied a table of the financials of the company. Please find below.

Particulars For the period ended (in Rs. Million)
31-03-2016 31-03-2015 31-03-2014 31-03-2013 31-03-2012
Total Assets 31,001.94 23,548.92 18,076.48 14,920.74 11,908.76
Total Revenue 86,061.05 64,576.89 47,023.25 33,551.04 22,224.09
Profits After Tax (PAT) 3,212.07 2,116.89 1,613.72 938.55 604.06

Now let’s get to the IPO, shall we?

D Mart has three main reasons for the IPO. They want to pay off a portion of their loans, construct and furnish new stores, and general corporate purposes.

Avenue Supermarkets initial public offering will hit the market on March 8th and close on March 10th. The price band ranges from Rs. 295-299 per equity share. The face value is Rs. 10.

The minimum bid lot is 50 equity shares and higher multiples of the same.

I’ve also listed out the IPO details in bullets below, for ease of reading.

  • Issue open: Mar 8th 2017 to Mar 10th 2017
  • Issue type: Book Built Issue IPO
  • Issue size: 62,393,631 equity shares of Rs. 10, which aggregate to about Rs. 1865.57 crores
  • Face value: Rs. 10 per equity share
  • Issue price: Rs. 295 to Rs 299 per equity share
  • Market lot: 50 shares
  • Minimum order quantity: 50 shares
  • Listing at: BSE, NSE

You must read this research report of D-Mart’s IPO to know more about D-mart.

Well, that’s about all I had to tell you about this IPO. If you would like to add something or express your opinion, feel free to leave a comment.

Happy trading!

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