Avenue Supermarts Limited to list today

The equity shares of Avenue Supermarts Limited, the operator of D-Mart stores will list in Indian stock exchanges NSE and BSE today - Tuesday, March 21, 2017. The company is promoted by ace investor Radha Krishna Damani.

The company's shares saw hectic trading and huge demand in the grey market for IPO. The premium started near Rs. 110 levels above the issue price and shot up to Rs. 260-275.

The company recently came with an IPO at a price band of Rs 295 to Rs 299. Kotak Mahindra Capital Company Limited was the Global Co-ordinators and Book Running Lead Managers to the issue. The other Book Running Lead Managers to the issue were 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.

Antique Stock Broking Limited, Axis Capital Limited, Edelweiss Securities Limited, HDFC Securities Limited, ICICI Securities Limited, Intime Equities Limited, JM Financial Services Limited, Kotak Securities Limited, Motilal Oswal Securities Limited, SBICAP Securities Limited, SPA Securities Limited were the syndicate members to the IPO.

Link Intime India Private Limited is the registrar to the company.

Source : Equity Bulls

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