Avenue Supermarts Limited IPO Message Board (Page 132)

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Likely to be 5-6 times .

If we assume RII applications of 15Lakh forms. Then the Retail category will be oversubscribed by 3.43X (applic-wise) (Note: BSE attracted 11.95Lakh forms)

D mart IPO lat

A few facts found about Dmart and its foudner Radhakishan Damani.

R Damani a successful investor turned to retail business from year 2000 with the opening of first dmart store in Mumbai. Shrewd businessman, most of the stores are owned as against rented by competitors like Star bazar, More and reliance.

The money saved in paying rental is passed on to customers in the form of discounts and that is the reason Dmart prices are difficult to beat. There is an unsaid law that never open a store within one kilometer radius of Dmart.

Dmart pays its vendors on 11th day (FMCG industry has a payment norm of 12-21 days). Strategy is to Buy it low, Stack it high and sell it cheap.

Most of the Dmart stores are in suburbs in metros and tier 2 & 3 cities where operational costs remain low. They avoid opening stores inside malls unlike other hypermarkets to avoid high common area maintenance charges and highly inflated rents.

Dmart had soared its revenues from Rs. 260 crores in 2006-07 to Rs. 8600 crores in 2016-17 , becoming India’s third-largest branded retail chain.

By 2012-13 Future Group with 1000 stores was clocking turnover of Rs.14,201 crores, and Reliance Retail was clocking Rs.10,800 crores with 1450 stores; Dmart was achieving 3334 crores with just 65 stores. Their sales per store was somewhere close to Rs. 53 crores, while Reliance was making around Rs. 7.45 crores per store. Currently with 112 stores and 8600 cores revenue, per store net run-rate is 76 crores.

Since its initiation, Dmart has not shut a single store. Also unlike their competitors they have not diversified the line of business (Reliance/big bazar Fashion, Apparel, electronics) and have stick to core line of business.

All the facts indicate a very shrwed businessman and building of a very fundamental enterprise, the foundation of which is laid using unique & frugal business principals.

Linkin Time is the registrar :( They are bad. I dont get any out of them.

As per sebi rule, a company can increase or decrease issue size by 20% of issue size mentioned in drhp.
Also remember, in ICICIPRU, as per drhp issue price was supposed to be 275, but 334(increase of 20%)was fixed. Bse ipo price, 800,850 to 1200 were doing rounds.
Hence won''t be surprised if Avenue Supermart price is fixed around 350.
Whatever be the issue price, listing gain is for sure.

15. Eagleye Feb 7, 2017 8:17:02 PM IST You liked this. Reply

... Heard rumours that the issue opening is likely to be postponed from 22nd Feb to 27th Feb ... And that the company is going to increase issue size and price band by 20% ...~~

If that happen then only due to view express here and also ruling hefty gmp, sebi should not allow it.although sebi lacks heart.

Speculative Rumour-Mongering is currently at its peak ... Personally I don''t think it is likely to happen ... It will put RKD in bad light as a greedy opportunist ... why would he do that when he is anyways retaining 90% equity. does not make sense..

Let us wait for the RHP...

Avenue SuperMarts IPO

GMP 160-165
Kostak 1900 (buyers only; no sellers)

Want to sell 18 application@1900 .ho can I pls guide me.thanks and regards

At ???

Avenue SuperMart IPO

Subscription required for 1X
RII = 4.38L Forms
NII = 280.50 Crs

Subscription Expected
RII = 15L Forms = 3.43X Applic. wise (Avg allotment of ~14.59 shares per lot)
NII = 45K Crs. = ~160X

Interest cost @5%p.a. for 7days = 28.7paise for 1X

Thus, for 45K Crs. the costing = Rs.46/- per share (GMP)

And 46/- X 14.59 = Rs. ~671/- (Kostak)

Looking to gmp its for sure that it cross all the past record n I think it will be start of another ipo season.. and to start min 20 to 25%retail application will be increased.. so it will be 15 lkh plus application...

In hni portion banks n nbfc are also desbarce fund easly so it also cross 45k Cr to 50k Cr

What an Ultimate explanation @Eagleye, thank you for empowering our knowledge.

Avenue SuperMart IPO

Revised Likely scenario:

Equity Shares outstanding prior to the Issue = 561,542,680 Equity Shares
Fresh Issue of 62,541,806 Equity Shares @299/- aggregating up to Rs.18,700 million
Equity Shares outstanding after the Issue = 624,084,486 Equity Shares


Category-wise Break up:
Anchor – 1,87,62,542 Shares = 561.00Crs.
Net QIB – 1,25,08,361 Shares = 374.00Crs
NII – 93,81,271 Shares = 280.50Crs
RII – 2,18,89,632 Shares (4,37,793 Forms) = 654.50Crs. (Lot size = 50)
Total Issue – 6,25,41,806 Equity Shares = 1870Crs.


If we assume HNI applications of Rs.45,000Crs. Then the NII category will be oversubscribed by 160X
(Note: BSE attracted Rs.29,550Crs. of HNI application)

If we assume RII applications of 15Lakh forms. Then the Retail category will be oversubscribed by 3.43X (applic-wise) (Note: BSE attracted 11.95Lakh forms)

Avenue SuperMarts IPO

Tentative Issue Information:

Issue Opens on: 22 Feb. 2017
Issue Closes on: 27 Feb 2017
Issue Type: Book Built Issue IPO
Issue Size: 62,541,806 Equity Shares
Face Value: Rs 10 Per Equity Share
Issue Price: Rs.290 – Rs.299 Per Equity Share
Market Lot: 50 shares
Listing At: NSE, BSE

Category-wise Break up:
Anchor – 1,87,62,542 Shares = 561.00Crs.
Net QIB – 1,25,08,361 Shares = 374.00Crs
NII – 93,81,271 Shares = 280.50Crs
RII – 2,18,89,632 Shares (4,37,793 Forms) = 654.50Crs. (Lot size = 50)
Total Issue – 6,25,41,806 Equity Shares = 1870Crs.

D Mart kostak ?

Avenue SuperMarts IPO

GMP 160 (Strong n steady Buyer)

I think hni subscription around 40000 to 42000 thousand ...

premium

Retailer ke liye IPO kitane share ki application karni he

IPO lot kitne ka he

150 - 155

1700 - 1800

gmp 150 -155

kostak 1700-1800

Dear All,

Please reply …

1) BSE HNI Application was Rs.26,550 Crs.
2) PNB Housing Finance HNI Application was Rs.35,744 Crs.
3) Endurance Technologies HNI Application was Rs.22,185 Crs.
4) ICICI Prudential Life Insurance Co. HNI Application was Rs.30,702 Crs.
5) RBL Bank HNI Application was Rs. 35,610 Crs.
6) Advanced Enzyme Technologies HNI Application was Rs.24,068 Crs.
7) Quess Corp HNI Application was Rs. 23,619 Crs.
8) Mahanagar Gas HNI Application was Rs. 28,720 Crs.
9) Ujjivan Financial Services HNI Application was Rs.17,643 Crs.
10) Thyrocare Technologies HNI Application was Rs.16,053 Crs.
11) Equitas Holding HNI Application was Rs.18,207 Crs.

So, how much of HNI Application can Avenue SuperMart attract ?

Dear Eagleye,
Naturally it will break all records looking at up market and its GMP.
In terms of number of applications also it may break all records as there is heavy rush for opening new dmat accounts and moreover it can be opened on line now. I expect a figure of about 12 L applications. Pl share your view.

Wt is retail invester application record ? In past IPO ?

Avenue SuperMarts IPO

GMP 153 – 155
Kostak 1850 (buyers only; no sellers)

... Heard rumours that the issue opening is likely to be postponed from 22nd Feb to 27th Feb ... And that the company is going to increase issue size and price band by 20% ...

Latest rumours are that:
Issue size to increase from Rs 1870Crs to Rs 2244Crs
And issue price to be increased from Rs 299 to Rs 359

The number of shares to be issued will remain constant