HomeNews News Avenue Supermarts Ltd. IPO, Oversubscribed by 5.71 times on Day 2 Avenue Supermarts Ltd. IPO, Oversubscribed by 5.71 times on Day 2

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Avenue Supermarts Ltd. IPO, Oversubscribed by 5.71 times on Day 2

Avenue Supermarts Ltd. IPO, Oversubscribed by 5.71 times on Day 2

Friday, March 10, 2017, 9:48 AM
Initial public offering (IPO) of D-Mart parent Avenue Supermarts Ltd, was oversubscribed 5.71 times on Day 2. Avenue Supermarts on Tuesday, raised nearly Rs 561 crores by allotting shares to anchor investors. The IPO was fully subscribed on its first day of subscription on Wednesday. The price band for the IPO has been set at Rs 295-299.
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