D-Mart operator Avenue Supermarts to list on March 21


Avenue Supermarts, the administrator of grocery store retail chain D-Mart, will list on stock trades on March 21.

The issue was oversubscribed an incredible 104 circumstances. It raised Rs 561 crore through allotment of shares to anchor investors as a major aspect of the stay book allotment.

The posting will take after another well known posting, Music Broadcast Limited, the parent of FM channel Radio City. The scrip had a stellar posting as it opened 23 percent higher.

D-Mart has chain of around 120 retail locations, with the vast majority of them being in Maharashtra and Karnataka.

Grey market intermediaries said that the stock was citing at a premium of Rs 175-180 over the issue cost.