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1470. Nidhike  Feb 7, 2017 2:46:15 PM IST I Like It. 3 | Report Abuse Reply
As per SEBI rules this IPO must be priced below 300 so any price higher than 300 is just figment of imagination.

@300 its blind subscribe.....A great company coming for IPO in bull market at bear MKT price.....deadly combo......Chumeshawari!!!!!!!

1470.1. Kabali  Feb 7, 2017 4:35:54 PM IST I Like It. | Report Abuse
Could u explain the SEBI rule... Pls
1470.2. Nidhike  Feb 7, 2017 5:02:35 PM IST I Like It. | Report Abuse
Min 10% equity dilution in IPO
1469. T.agarwal  Feb 7, 2017 2:27:38 PM IST I Like It. 1 | Report Abuse Reply
*IPO Update:*

*D-Mart Parent Avenue Super marts*

Opens On: 22-Feb-2017
Closes On: 27-Feb-2017

Price Band: 290-325

Issue Size: Rs.1870 Crore
1469.1. Khemka  Feb 7, 2017 5:24:04 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts)
Bse test 1001,some one said will sell 3 lot if closing in red,amazingly you replies will follow him.looks like some more pain still there.
1468. Super Trader  Feb 7, 2017 2:07:34 PM IST I Like It. 1 | Report Abuse Reply
Panic started on BSE
1467. MUDIT NATANI  Feb 7, 2017 1:14:03 PM IST I Like It. 1 | Report Abuse Reply
@ Modulator. Now it is time to open a fresh page for upcoming (in news) IPO Avenue Super Marts either it is confirmed or not (for you.)
1467.1. Omkar Patkar  Feb 7, 2017 1:35:07 PM IST I Like It. | Report Abuse
the IPO CALENDAR on also needs to be updated with "Upcoming IPOs" ... please do the needful
1466. Arijit  Feb 7, 2017 12:56:39 PM IST I Like It. 2 | Report Abuse Reply

@DPB, if the the company is valueing itself at 18000 Crores then price band has to be 290.

FYI Issued share capital is 56.15 crores and the IPO is not going to be sale by any existing shareholders but issue of new share capital.

Here is the calculation for everyone''s benefit:

So total issued share capital after issue = 56.15*1.1 = ~ 61.765
IPO Price = 18000/61.765 = 291.42.
1466.1. Eagleye  Feb 7, 2017 1:42:51 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 6200+ Likes)
it is not 56.15 multiplied 1.1

it will be 56.15 divided by 0.9
1466.2. Eagleye  Feb 7, 2017 1:44:42 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 6200+ Likes)
Equity Shares outstanding prior to the Issue = 561,542,680 Equity Shares (90%)

Fresh Issue can be maximum of of 62,393,631 Equity Shares (as 10% of post issue Capital is the minimum requirement)

Equity Shares outstanding after the Issue = 623,936,311 Equity Shares (100%)
1466.3. Arijit  Feb 7, 2017 1:48:05 PM IST I Like It. | Report Abuse
its one and same ;-)

56.15/0.9 = 56.15*1.1.

As part of IPO new 10% of authorized share capital will be issued, at least that is what i read. Yet to get official confirmation, so forgive me if I will be wrong!!
1466.4. Eagleye  Feb 7, 2017 1:56:48 PM IST I Like It. 3 | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 6200+ Likes)
Sir, Do the maths

If you seek precise results ... 56.15/0.9 ... IS NOT = 56.15*1.1..

If you are okay with a round about estimate .... then its fine to consider 56.15/0.9 = 56.15*1.1

Pardon me ... but, as an engineer .. I have been trained to be meticulous to the last decimel ... bad habit
1466.5. Arijit  Feb 7, 2017 2:05:02 PM IST I Like It. 2 | Report Abuse
certainly i will agree and leave up to your math skills and stop getting my self into any more trouble of solving this exercise :-), too much for a highschool dropout like me.
1465. Arijit  Feb 7, 2017 12:46:47 PM IST I Like It. 1 | Report Abuse Reply
If a company like infibeam corporation with hardly any tangible assets, with annual sales not even 50 Crores and profit not even 5 crores can acquire market cap of 7000 Crores, then definitely Dmart valuation is much much reasonable at 18000 Crore which has most of its 100+ stores self owned, 8000+ crores of revenues and 300+ crores in annual profits. Post issue will become almost zero debt company and belongs to a sector which is expected to have very high growth. P/E of 60 is well justified for this safe bet. This is going to be another blockbuster IPO, giving listing gain, short term and long term gain.
1464. Eagleye  Feb 7, 2017 12:34:12 PM IST I Like It. 12 | Report Abuse Reply
IPO Guru IPO Guru (3900+ Posts, 6200+ Likes)
Avenue SuperMarts IPO

GMP 135 - 140
Kostak 1750 (buyers only; no sellers)
1464.1. gamble  Feb 7, 2017 12:56:32 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
1464.2. Septa  Feb 7, 2017 1:31:42 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (3400+ Posts, 1200+ Likes)
Thank u for updates
1463. DPB  Feb 7, 2017 12:33:22 PM IST I Like It. 1 | Report Abuse Reply
*IPO Update:*

*D-Mart Parent Avenue Super marts*

Opens On: 22-Feb-2017
Closes On: 27-Feb-2017

Price Band: 290-325

Issue Size: Rs.1870 Crore
1463.1. Eagleye  Feb 7, 2017 12:39:32 PM IST I Like It. 5 | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 6200+ Likes)
The price band CANNOT exceed 299/- ...

and hence it can easily be inferred that your information is a figment of some fertile imagination ...
1463.2. sandeeps  Feb 7, 2017 2:37:38 PM IST I Like It. | Report Abuse
aur waise bhi aaj kal koi bhi IPO 3 din se jada open nahi rehata.
1462. AlphaB  Feb 7, 2017 12:33:21 PM IST I Like It. | Report Abuse Reply
BSE limited share are going down each day today it will test 980 marks...
Any views on this... Should we hold on or sell it out ?
1461. Praveen Prasad  Feb 7, 2017 12:33:05 PM IST I Like It. 2 | Report Abuse Reply
Whom do I complaint of the stock broker?

Through this site, I expressed my interest of opening a joint demat a/c with my wife; Ventura, Bangalore proactively contacted me and sent their executive who took my application fast along with a crossed cheque of INR4025/-; on 18Jan, 2017.

The cheque favoring "Ventura Securities" was encased on 23 Jan2017 itself; since then they have stopped communicating with me from their side. When I inquired about the status, the branch and executive told me every day that it will be processed by EoD, and they never got back to me and every day I kept inquiring. I last week took my stand and told them that if not really done by EoD of that day, I would like to withdraw my application and a return of my money be processed; but nothing happened.

Fed-up with this I contacted their corporate office where they told that I need to contact the executive who collected me and NOT them because I gave my documents and cheque to him only and they are not responsible for this.

I protested and said that it was Ventuta who contacted me and sent the executive and its Ventura whom I paid my money and gave application to; who represents Ventura is something immaterial to me.

It was pathetic and I figured out why no body bother after money is deducted because its their corporate office doesn''t bother about customers; further because of the money debited is as per their scheme are adjusted towards the brokerage on trading; it means they have already earned what they had to on my money before I could begin my trade through them.

I, yesterday, wrote to Email and cced to Email and asked them for a return of my application documents along with INR4025/- which I paid to response till now.

What do I do?
1461.1. nileshkp  Feb 7, 2017 12:46:40 PM IST I Like It. | Report Abuse
I open dmat account with sas online free of cost within five days and with cancel cheque
1461.2. Omkar Patkar  Feb 7, 2017 12:57:24 PM IST I Like It. | Report Abuse
1461.3. Omkar Patkar  Feb 7, 2017 1:02:30 PM IST I Like It. | Report Abuse
Or you may try this... call them up again... narrate your problem again.... take the person''s response... ask him his name and contact no...then ask the person responsible for solving ur problem his name and number.... once you get the name and number...give them STRONG WARNING... "By EOD i expect to see result ... else i am filing police complaint and lodge an FIR against your company and ... " ... this should scare them... stay put on your warning do not adjust...and really if they do not respond with result by EOD,...go and file a complaint...

PEACE OF MIND is the most important thing.... good luck !
1461.4. Praveen Prasad  Feb 7, 2017 1:30:43 PM IST I Like It. 4 | Report Abuse
Thanks Omkar for responding to me!!

Just mailed them back with "Gentle reminder-2" on the mail I wrote yesterday and told them the the "reminder-3" tomorrow would be the last before I start the complaint processes with appropriate authorities starting with the Bangalore police first, tomorrow EOD itself.

Would update how this goes...
1461.5. Atul Kumar  Feb 7, 2017 2:00:15 PM IST I Like It. | Report Abuse
Dear praveen prasad,
Opening of demat account takes some time as the company needs to verify yr sll documents and thrrefore its not possible at EOD always.Having said tat, send a written complaint to company and also paste your complaint on sebi website giving brief details.let company know you r complaining to SEBI.
I am sure company willl respond note thst new accounts can also be opened as bsda accounts where opening fee is only rs 100 or do and sll brokers are bound to open bsda accounts
1461.6. Omkar Patkar  Feb 7, 2017 2:12:16 PM IST I Like It. 1 | Report Abuse
Hello Atulji ..agree with you that it takes some time for verification of documents and everything.... but just look at the dates...18th Jan application was made...cheque encashed on 23rd Jan.... and still no response... i mean... the time taken here is too much.... most importantly .... lets assume verification is really taking a lot of time for particularly Praveen''s application... in that case the broker should be descent and transparent enough to explain, the situation, why it is taking time and why as well as how long Praveen should wait etc? ... but broker is shrugging off his shoulders footballing Praveen from one person to another...this is total disrespect towards CUSTOMER... be it any business, customer is god... and praveen here does not deserve any disrespect for his demands which are normal.... he is not asking for more than what he has paid for ... But yes... Praveen you first go by Atul ji''s method...keep the warning approach as last resort ! ... all the best dude !
1461.7. Praveen Prasad  Feb 7, 2017 2:15:57 PM IST I Like It. | Report Abuse
Sure, I''ll complaint at SEBI first.
1461.8. Praveen Prasad  Feb 7, 2017 2:16:59 PM IST I Like It. | Report Abuse
Sure, I''ll complaint at SEBI first.
1461.9. Atul Kumar  Feb 7, 2017 2:34:23 PM IST I Like It. | Report Abuse
I had made a complaint against one of the biggest broking house to sebi and they had to close my account and refund the amount as they charged me rs 750 as opening charges without informing me.SEBI is very strict and none of them want a complaint to SEBI on such a petty issue.police action can only b taken when there is a fraud or breach of trust or agreement , which can b evidenced.However police action, being difficult in such cases of delayed service but not a fraud , should b the last resort
1461.10. Praveen Prasad  Feb 7, 2017 2:37:59 PM IST I Like It. | Report Abuse
Thanks Atual!!

I''ll do as advised.

1461.11. Shivajee  Mar 10, 2017 7:40:49 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
you applied for mbl?
1460. Endeavor  Feb 7, 2017 12:04:42 PM IST I Like It. | Report Abuse Reply
BSE will remain at this range till results
Listing gainers have escaped above 1100/-.
If view is long term then sit tight or should sell. afterall 1000+ is also good gain
time to think about D-Mart IPO
1459. DPB  Feb 7, 2017 11:59:34 AM IST I Like It. | Report Abuse Reply
IPO Update-:

Avenue Supermarts, the parent company of D-Mart supermarket retail chain, has received market regulator : SEBIs approval. The company is planning to raise up to Rs.1,870 crore through the IPO. Avenue Supermarts is owned by top notch stock market investor Radhakishan Damani.

About the Industry:
Economic reforms during early 1990s catapulted Indian economy on a high growth path. The country registered a real GDP growth of about 9.5% in the period 2006-2008 and averaged 8% from 2006-2011. The Indian economy has a significant presence on the global economic stage. During FY 2010 to FY 2016, India‘s Real GDP grew at a CAGR of 7.3% and at 7.5% during 2015-2016 making it the fastest growing major economy in the world. India‘s GDP was 2.5% of world GDP in 2013 and it is expected to rise to 3.1% and 3.8% of world GDP in 2016 and 2021 respectively. IMF has pegged India‘s real GDPgrowth between 7.5% -7.7% for FY 16-20. IMF and other agencies have predicted India to be in the top three global economies by 2050. Sustained high Real GDP growth of over 6% since 1991, has led to a fundamental transformation of the Indian economy.
Globally India is seen as one of the key consumer markets from where future growth is likely to emerge. It is estimated that India‘s consumption expenditure will increase to USD 2,000bn by 2020 and will surpass the consumption expenditure of developed economies like Italy, France and United Kingdom. By 2030, India is expected to rank among the top 5 economies in terms of consumption
About the Company:
The Company is an emerging national supermarket chain, with a focus on value-retailing. According to Technopak, in Fiscal 2016 the Company was one of the largest and the most profitable F&G retailer in India. It offers a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.
It opened our first store in Mumbai, Maharashtra in 2002. As of September 15, 2016, we had 112 stores with Retail Business Area of 3.40 million sq.ft, located across 41 cities in Maharashtra (58), Gujarat (26), Telangana (13), Karnataka (7), Andhra Pradesh (3), Madhya Pradesh (3), Chhattisgarh (1) and NCR (1). At the end of Fiscals 2014, 2015 and 2016, it had
75, 89 and 110 stores with Retail Business Area of 2.14 million sq. ft., 2.66 million sq. ft. and 3.33 million sq. ft., respectively. It plans to deepen the store network in southern and western India and gradually expand its network in other parts of India pursuant to its cluster-focused expansion strategy.
For Fiscal 2016, Maharastra contributed a majority of its Revenue from Sales (62.57%) followed by Gujarat (18.83%), Telangana (10.15%), Karnataka (6.14%) Andhra Pradesh (1.03%), Madhya Pradesh (0.85%) and Chattisgarh (0.43%).
It operates and manages all its stores. It operates predominantly on an ownership model (including long-term lease arrangements, where lease period is more than 30 years and the building is owned by it) rather than on a rental model. It opens new stores using a cluster approach on the basis of adjacencies and focusing on an efficient supply chain, targeting densely-populated residential areas with a majority of lower-middle, middle and aspiring upper-middle class consumers.
It operates distribution centres and packing centres which form the backbone of its supply chain to support its retail store network. As of September 15, 2016, the company had 21 distribution centres and six packing centres in Maharashtra, Gujarat, Telangana and Karnataka.

Objects of the IPO:
Rs.1,080 crore from IPO will be used towards debt reduction while Rs.366 crore will be used to construct or purchase new outlets. The remaining amount will be used for general corporate purposes.
Summarised Financials:
Total Revenue ( In Million)
2015-16 Rs.86,061.05
2014-15 Rs. 64,576.89
2013-14 Rs. 47,023.25
20112-13 Rs. 33,551.04
2011-12 Rs. 22,224.09
Net Profit/(Loss) as Restated( in millions)
2015-16 Rs.3,212.07
2014-15 Rs. 2,116.89
2013-14 Rs. 1,613.72
2012-13 Rs. 938.55
20111-12 Rs. 604.06
The Company has a strong track record of revenue growth and profitability. Its total revenue has grown at a CAGR of 40.28% from Rs. 22,224.09 million in Fiscal 2012 to Rs. 86,061.05 million in Fiscal 2016. Its net profit after tax, as restated has grown at a CAGR of 51.85% from Rs. 604.06 million in Fiscal 2012 to Rs. 3,212.07 million in Fiscal 2016.
As per Restated Consolidated Financial
Basic EPS for the year 2015-16 is Rs. 5.72
RoNW for 2015-16 is 21.13%
Net Asset Value per Equity Share as on March 31, 2016 Rs. 27.08.
The Company has generated strong cash flows from operations for the last five Fiscals.This has enabled it to further invest in the business. Its liquidity position enables it to consistently pay the suppliers on or before the due date, allowing it to benefit from supplier discounts.

The Promoters of the Company are:
1. Radhakishan S. Damani;2. Gopikishan S. Damani;3. Shrikantadevi R. Damani;4. Kirandevi G. Damani;5. Bright Star;6. Royal Palm Trust;7. Bottle Palm Trust;8. Mountain Glory Trust;
9. Gulmohar Trust; and10. Karnikar Trust.
As on date of DRHP, the Promoters hold, in aggregate, 512,910,000 Equity Shares, representing 91.34 % of the issued and paid-up Equity Share capital of the Company.
Lead Managers & Registrar :
Kotak Mahindra Capital Company ,Axis Capital, Edelweiss Financial Services, HDFC Bank and ICICI Securities, Inga Capital, J M Financial Institutional Securities, Motilal Oswal Investment Advisors and SBI Capital Markets are other book running lead managers to the issue and Link Intime India has been appointed the registrar
1458. KANHAI KUMAR MANDAL  Feb 7, 2017 11:38:57 AM IST I Like It. | Report Abuse Reply
1458.1. Eagleye  Feb 7, 2017 12:45:22 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 6200+ Likes)
Please refer my earlier posting on this forum ...

Eagleye Feb 5, 2017 9:38:40 AM IST
BSE Limited IPO

I am now looking forward to the next 2 IPOs to come in the second half of February:

1) Avenue Supermarts Ltd, which runs the D-Mart store chain
2) Security services firm Security and Intelligence Services (India) Ltd (SIS)
1458.2. siddhant agrawal  Feb 7, 2017 1:36:59 PM IST I Like It. | Report Abuse
If there is second IPO in pipeline than why there is no discussion on that IPO (SIS) what is grey price and price band of ( Security services firm Security and Intelligence Services (India) Ltd (SIS) ) IPO.
1458.3. Eagleye  Feb 7, 2017 1:48:06 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 6200+ Likes)
Coz ....

D-Mart is on 22nd Feb

SIS is on 01st March
1457. Uchit Patel  Feb 7, 2017 11:22:39 AM IST I Like It. 6 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Avenue Supermarts:
I have concern about very high valuation. We are comparing it with Trent and Future Retail. Why don''t we think beyond this ? Why we are not thinking on whole Retail Market domain? All listed peers (Trent, Future Retail), reliance fresh etc. doing business since many years but not making good money or struggling.

For 2016-17 Trent EPS - 3.5, Future Retail EPS - 6.
For 2015-16 Trent EPS - 1.89, Future Retail EPS - 0.66.
Within one year Trent''s EPS doubled and Future Retail''s EPS grows ten times. Reason don''t know. I don''t think citizens of India changed their mind and started purchasing from Super Market instead of individual shopkeeper. Also both stocks didn''t perform well as compared to EPS growth.

I can see whole Retail Market segment as online stores like flipkart, shopclues etc. Very high valuation but not making money.
P/E around 50 looks very high for this segment. Investors may get listing gain because peers are trading at high P/E. But in long term it will come down to reasonable value.
1457.1. Septa  Feb 7, 2017 11:51:59 AM IST I Like It. 3 | Report Abuse
IPO Guru IPO Guru (3400+ Posts, 1200+ Likes)
Very well said. Even Dmart first put it papers it was looking at valuations of 7000 cr however bull run has increased the valuation to 18000 cr.

Agree with you in regards to listing gain not a portfolio stock at this valuation
1456. Septa  Feb 7, 2017 11:06:47 AM IST I Like It. 4 | Report Abuse Reply
IPO Guru IPO Guru (3400+ Posts, 1200+ Likes)
Dilip Buildcon ties up with IBM for digital Transformation
1456.1. Chaitu  Feb 8, 2017 8:45:58 AM IST I Like It. | Report Abuse
Septa sir.. Can you please help us on how the results will effect DBL, COFFEEDAY and MBL?
1456.2. Divyamrshah  Feb 8, 2017 5:35:20 PM IST I Like It. | Report Abuse
Invested on your advise on Dilip buildcon, today it''s up by 7%. Thanks
1455. ANKUSH PATEL  Feb 7, 2017 11:02:26 AM IST I Like It. 7 | Report Abuse Reply
1454. Eagleye  Feb 7, 2017 10:52:23 AM IST I Like It. 8 | Report Abuse Reply
IPO Guru IPO Guru (3900+ Posts, 6200+ Likes)
Avenue SuperMarts IPO

GMP 132-135
Kostak 1600
1454.1. Make Money  Feb 7, 2017 11:01:33 AM IST I Like It. 1 | Report Abuse
Amazing, i think second blockbuster IPO.
1454.2. KANHAI KUMAR MANDAL  Feb 7, 2017 11:42:08 AM IST I Like It. | Report Abuse
Can you confirm ipo issue date. ??
1453. Ipo tracker  Feb 7, 2017 10:39:18 AM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts)
BSE ~ Buyers-Sellers gap is narrowing in the counter-volumes low
Chances of 1080-1100 likely on the eve of result date (13/2)
1452. aarav  Feb 7, 2017 10:31:58 AM IST I Like It. 2 | Report Abuse Reply
If bse closes red today. I will sell all my 3 lots.
But it will be green then , I will wait and Hold still results..
1452.1. T.agarwal  Feb 7, 2017 10:56:11 AM IST I Like It. 2 | Report Abuse
I follow you 👍
1451. WATCH DOG ON IPO  Feb 7, 2017 10:10:21 AM IST I Like It. | Report Abuse Reply
cdsl facility is chargable or not please comment
i have receive mail in respect of dp rejected
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