D’Mart IPO subscribed 1.36 times on Day 1

D-Mart IPO oversubscribed 5.71 times on Day 2, received bids for 25.31 crore shares against the total issue size of 4.43 crore shares

Radhakishan Damani promoted Avenue Supermarts Ltd, which runs hypermarkets and supermarkets under the D-Mart brand is one of the largest and the most profitable Food &
Grocery (F&G) retailer in India, has filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India to float
its initial public offering.

D-Mart IPO issue will be open for bidding from March 8 and close on 10 March. D-Mart is set to raise Rs. 1,870 crore by offering 6.23 crore shares priced between Rs
290-299, say merchant bankers to the issue.

Avenue Supermarts has reserved 1.87 crore shares for anchor investors’ book, 1.24 crore for qualified institutional buyers, 93.59 lakh for non-institutional investors and 2.18 crore shares for retail investors. Grey market brokers say that the issue is quoting at a premium of Rs 170-180 in the unofficial market.

In fiscal 2016, the firm made a profit of Rs300.21 crore on a revenue of nearly Rs8,600 crore. The company’s profit after tax rose about 50% year-on-year.

D-Mart (Avenue Supermarts) FOUNDERS
DMart is owned and operated by Avenue Supermarts Ltd. (ASL) – a company founded by Mr. Radhakishan Damani. Mr. Radhakishan Damani is respected in the business world as
an astute investor in the Indian equity market, he has built a company that constantly strives towards developing a deep understanding of customer needs and satisfying
them with the right products. A firm believer in core business fundamentals and strong ethical values, Mr. Damani has built DMart into an efficient, large and
profitable retail chain that is highly respected by customers, partners and employees alike.

D-Mart (Avenue Supermarts) OVERVIEW
DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof. Each DMart store stocks home
utility products – including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and more – available at competitive prices
that our customers appreciate. Our core objective is to offer customers good products at great value.

DMart was started by Mr. Radhakishan Damani and his family to address the growing needs of the Indian family. From the launch of its first store in Powai in 2002,
DMart today has a well-established presence in 121 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh and NCR.
With our mission to be the lowest priced retailer in the regions we operate, our business continues to grow with new locations planned in more cities.

The supermarket chain of DMart stores is owned and operated by Avenue Supermarts Ltd. (ASL). The company has its headquarters in Mumbai.

Promoters of Avenue Supermarts: Radhakishan S. Damani, Gopikishan S. Damani, Shrikantadevi R. Damani, Kirandevi G. Damani, Bright Star, Royal Palm Trust, Bottle Palm
Trust, Mountain Glory Trust, Gulmohar Trust and Karnikar Trust.

Avenue Supermarts’ consolidated financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue 2,222.4 3,355.1 4,702.3 6,457.7 8,606.1
Total expenses 2,134.0 3,214.2 4,457.4 6,134.3 8,113.9
Profit after tax 60.4 93.9 161.4 211.7 321.2

D-Mart (Avenue Supermarts) IPO Issue Detail:
Issue size: A fresh issue of shares to mop up Rs 1,870 crore.
Issue Open: The issue opens on March 8, 2017 and closes on March 10, 2017
Issue Type: Book Built Issue IPO
Price Band: Rs. 295 – Rs. 299 Per Equity Share
Lot Size: 50 equity shares and in multiple thereafter
Issue Size: 62,393,631 Equity Shares of Rs 10 aggregating up to Rs 1,865.57 Cr
Mode of Payment: ASBA is mandatory (cheques will not be accepted)
Bankers: Kotak Mahindra Capital Company is a global co-ordinator and book running lead manager to the issue. Other book running lead managers are Axis Capital, Edelweiss Financial Services, ICICI Securities, Inga Capital, JM Financial Institutional Securities, Motilal Oswal Investment Advisor and SBI Capital Markets.

Listing: BSE, NSE

Download: D-Mart (Avenue Supermarts) prospectus ipo drhp