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Avenue Supermarts IPO fully subscribed on Day 1

Avenue Supermarts IPO fully subscribed on Day 1

Wednesday, March 8, 2017, 5:14 PM

The initial public offer (IPO) of Avenue Supermarts, which owns the supermarket chain of DMart, got fully subscribed on Day 1 of the bidding process. The Rs 1,870 crore issue is being sold in the price band of Rs 295 to Rs 299 per share. It will conclude on March 10. The supermarket operator operates 118 stores across 45 cities.
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