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Avenue Supermarts Limited IPO (DMart IPO) Prospectus
What Are Analysts Saying?
Avenue Supermarts IPO: The Mart of Choice
Punit Jain, 09 Mar 2017
According to JainMatrix Investments, the IPO is going to benefit the company in terms of premium inflows that will help reduce debt and grow the network operations. Repayment of debt will reduce finance costs. This IPO offering is rated BUY, and investors can invest with a 2 year perspective.
Avenue Supermarts IPO: Issue looks reasonably priced; HEM Securities recommend to 'Subscribe'
Hem Securities, 09 Mar 2017
At price band of Rs 295-299, p/e multiple will turn out to be 35-36 on post issue annualized H1FY17 eps of Rs 8.28/share of company. Looking after attractive business model & strong financials of company, issue looks reasonably priced.
Avenue Supermarts IPO: Unique in the industry
SMC, 08 Mar 2017
The fundamental of the company looks good. The revenue of the company grew at 40% CAGR in the last 5 years, which indicates strong growth in the revenues. Moreover strong brand makes this IPO unique in the industry. However, if the company promptly fails to identify and respond to changing customer preferences or evolving trends, this may decrease the demand for its products among its customers and this may adversely affect its business.
Avenue Supermarts IPO: Well poised for growth in the future; 'Subscribe' to the issue
Way2wealth, 08 Mar 2017
According to Way2wealth, Avenue Supermarts Ltd is a clear case of The Great Expectations. The company has over the years built a profitable retail business in an otherwise struggling retail sector. We recommend to \'Subscribe\' to the issue.
Jainam recommend to 'Subscribe' to Avenue Supermarts IPO
Jainam Research, 08 Mar 2017
According to Jainam, D-Mart has a strong retail chain brand, with 112 stores and high operating efficiency. It also has a strong track record as revenue grew at 40% CAGR in last 5 years.
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Issue Details
Open Date: 08 Mar 17
Close Date: 10 Mar 17
Offer Price: Rs. 295
Issue Size: Rs. 1865.57 Cr
Min Application Amount:
Rs. 14750
Min bid (No. of shares): 50
Listing Exchanges: BSE, NSE
About the Company
"Incorporated in 2002, Avenue Supermarts Limited is Mumbai based supermarket chain D-Mart. Company is among the largest and the most profitable F&G retailer in India. Commpany offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.

Company has 112 stores located across 41 cities in India. Company operate and manage all its stores. Company also operate distribution centres and packing centres which form the backbone of the supply chain to support its retail store network. Company has 21 distribution centres and six packing centres in Maharashtra, Gujarat, Telangana and Karnataka.`"
Objective of the Issue
"Objects of the Issue:

The net proceeds of the IPO are proposed to be used as set forth below:

1. Repayment or prepayment of a portion of loans and redemption or earlier redemption of NCDs availed by the Company;
2. Construction and purchase of fit outs for new stores;
3. General corporate purposes."
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -