D-Mart parent Avenue Supermarts working on IPO
Friday, February 17, 2017, 6:13 PM
Avenue Supermarts Ltd, the parent company of hypermarkets and supermarkets retail chain D-Mart, has started discussions with investment banks for an initial public offering (IPO). The company could raise Rs 1,000-1,200 crore through the IPO. Avenue Supermarts has been opening 10-15 D-Mart stores per annum and hopes to continue or accelerate it depending on the market.