D-Mart

India: D-Mart shares to list on bourses today

By
Posted

D-Mart parent Avenue Supermarts, which recently concluded its Rs 1,870-crore initial public offering (IPO), will list its shares on bourses on Tuesday. The D-Mart IPO, the biggest since PNB Housing Finance’s Rs3,000 crore offer in October last year, was subscribed more than 104 times earlier this month. Last year, Advanced… Read more »

Photo: Mint
Photo: Mint
Photo: Mint
Photo: Mint
D-Mart. Photo: Aniruddha Chowdhury/Mint
India: D-Mart IPO price band at $4.4-$4.5 per share

Avenue Supermarts, the parent of the D-Mart chain of food and grocery supermarkets, on Wednesday announced a price band of Rs295-299 per share for its initial public offering (IPO). The issue, worth Rs1,870 crore, will open on 8 March and close on 10 March, while the anchor issue will open… Read more »

Photo: Mint
Neville Noronha, chief executive officer, Avenue Supermarts, says the company’s focus is on competing in the basics needs space and focus on efficiencies akin to what the global retailers have done. Photo: Aniruddha Chowdhury/Mint
India: Focus on core business helps D-Mart emerge as top retailer

India’s most profitable and fastest growing large modern retailer isn’t an arm of one of the big-name conglomerates. It is Avenue Supermarts Ltd, which owns and operates hypermarkets and supermarkets retail chain D-Mart, which returned a profit of Rs.211 crore in 2014-15, higher than Reliance Retail’s Rs.159 crore and Future… Read more »