• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Equity | News | Hot Pursuit
Hot Pursuit
Avenue Supermarts OFS subscribed 3.4 times on day 1
(16:28, 14 Feb 2020)

Promoters Radhakishan Damani, Gopikishan Damani, Shrikantadevi Damani and Kirandevi Damani offered to sell a total of 1.48 crore shares, or 2.28% stake, through an OFS. The floor price for the OFS was set at Rs 2,049 each, a 19.5% discount to the closing price of Rs 2,544.15 on Thursday.

The OFS opened on Friday (14 February 2020) for institutional investors, while retail investors will be able to subscribe on Monday (17 February 2020). The company has set aside 14,80,000 shares of retail investors and 1,33,20,000 shares for non retail investors.

As on 15.30 IST on Friday, the OFS received subscription for 4,53,20,852 shares or 340% against the non-retail offer size of 1,33,20,000 shares.

The company is reducing the stake to meet Sebi's requirements on the minimum public shareholding requirement. As on 31 December 2019, promoters held 79.73% stake in the company.

On a consolidated basis, Avenue Supermarts' net profit jumped 55.3% to Rs 384.04 crore on a 24.4% rise in net sales to Rs 6808.93 crore in Q3 December 2019 over Q3 December 2018.

Avenue Supermarts owns and operates D-Mart stores. D-Mart is a national supermarket chain that offers customers a range of home and personal products under one roof.

Powered by Capital Market - Live News

DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries