D-Mart lists at premium of over 100 per cent
DSIJ Intelligence / 21 Mar 2017
D-Mart operator Avenue Supermarts lists at Rs 606 premium vs issue price of Rs 299. The company got listed more than 100 per cent against the Street expectation of 50 per cent.
D-Mart operator Avenue Supermarts lists at Rs 606 premium vs issue price of Rs 299. The company got listed more than 100 per cent against the Street expectation of 50 per cent. The share price of the company is trading at Rs 611 in an intraday basis.
The response to this IPOs is astonishing among all recent IPOs. This is the third IPO in the calendar year 2017. As per the data available on the National Stock Exchange (NSE), the issue has been oversubscribed 105 times on the last day of subscription. It received bids for 460 crore shares as against the total issue size of 4.43 crore shares, excluding anchor investors' portion.
The reserved portion of qualified institutional buyers (QIB) was oversubscribed 145 times, while the portion set aside for non-institutional investors (NII) was oversubscribed 278 times and that of retail investors 7 times.
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