Avenue Supermarts lists at over 100% premium against issue price

Posted by: at 3/21/2017 05:09:00 am


Photo Caption: 

Picture 1 – (L to R): Mr. Neville Noronha, MD & CEO, Avenue Supermarts Limited and Mr. Radhakishan Damani, Founder & Promoter, Avenue Supermarts Limited ringing the gong during the IPO listing ceremony at BSE today.

Picture 2 : (L to R): Mr. Radhakishan Damani, Founder & Promoter Avenue Supermarts Limited and Mr. Neville Noronha, MD & CEO Avenue Supermarts Limited receiving memento from Mr. Ashishkumar Chauhan, MD & CEO,  BSE Ltd.

Avenue Supermarts lists at over 100% premium against issue price

Avenue Supermarts lists at over 100% premium against issue price


Mumbai, March 21, 2017: Equity shares of Avenue Supermarts Limited listed today on BSE & NSE. The IPO issue price was Rs. 299.

The equity shares of Avenue Supermarts Ltd. ended today’s trading session on a strong note with a gain of 114% on issue price on the bourses.

Commenting on the occasion, Mr. Neville Noronha, MD & CEO, Avenue Supermarts Ltd. said, “We are overwhelmed by the response we received from the investors for our IPO. It is a matter of honour for us at Avenue Supermarts Ltd. to be a part of the popular stock exchanges. This would not have been possible without the trust shown by our investors. We are confident that together we will deliver value for all stakeholders in the times to come.”

·         BSE/NSE share price details on its debut day.
·         Subscription Details
·         Issue Highlights


BSE
http://bit.ly/2mKInnk
OPEN
604.40
HIGH
650.00
LOW
558.75
CLOSE
640.75


NSE
http://bit.ly/2nZpb62
OPEN
600.00
HIGH
648.80
LOW
558.30
CLOSE
642.05








 Subscription Details
QIB (Excluding Anchors)
148.49
HNI
272.20
Retail
7.33
Anchor Investors
1.04
Total 
73.41
 *Subscription data as per Basis of Allotment


ISSUE HIGHLIGHTS
Price Band
Rs. 295 - Rs. 299
Issue Price
Rs. 299
Bid Lot
50  
 equity share and in multiple of 
50  
 equity share thereafter
Offer Details
Fresh Issue: Upto Rs 1870 crore
  
Offer Period
Anchor Book
March 7
, 201 
7
Issue Opens
March
8
, 201 
7
Issue Closes
March
10 
, 201 
7
Offer Structure
QIBs
50%  
NIIs
15%
RIIs
35%  
Anchor Investors
Up to 60% of OIB category, on a discretionary basis
Listing on
BSE and NSE
Merchant Bankers
 
Kotak Mahindra Capital Company Limited 
was  
 the Global Co-ordinator and BRLM to the Issue. Axis Capital Limited, Edelweiss Financial Services Limited, HDFC Bank Limited, ICICI Securities Limited, INGA Capital Private Limited, JM Financial Institutional Securities Limited, Motilal Oswal Investment Advisors Private Limited and SBI Capital Markets Limited

Registrar
Link Intime India Private Limited.






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