India: Capacit’e Infraprojects files for $62m IPO


Mumbai-based construction company Capacit’e Infraprojects Ltd on Monday filed its draft prospectus with the market regulator for an initial public offering (IPO) to raise up to Rs400 crore ($61.9 million). The company will use the proceeds for working capital requirements, purchase of capital assets and general corporate purposes. Capacit’e Infraprojects… Read more »

India: Avenue Supermarts becomes world’s most expensive retail stock

Avenue Supermarts Ltd, which runs the D-Mart supermarkets chain, is now the world’s most expensive retail stock, following a bumper listing in March and steady gains thereafter. Analysts believe the company’s long-term growth story remains lucrative, and do not rule out a near-term pause in the stock’s rally. On its… Read more »

India: D-Mart shares to list on bourses today

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 »

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 »