DMart IPO Details

Issue Open Mar 8, 2017
Issue Close Mar 10, 2017
IPO Price ₹299
Face Value ₹10
IPO Size ₹1,870.00 Cr
Listing At BSE, NSE
IPO Lot Size 50

DIMart

AVENUE SUPERMARTS LIMITED

Our Company was incorporated as Avenue Supermarts Private Limited on May 12,2000 at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. The name of our Company was changed to Avenue Supermarts Limited due to conversion from a private company to a public company on May 3.2011. For details of changes in the name and the registered: office of our Company, sea 'History and Certain Corporate Matters' on page 143 of the Prospectus dated March 14.2017 ('Prospectus').

Registered Office; Anjaneya CHS Limited. Orchad Avenue, Opp Hiranandani Foundation School, Powai, Mumbai -400 076. Corporate Office: B - 72/72A. Wagle Industrial Estate, Road No. 33, Kamgar Hospital Road, Thane -400604.Contact Person: Ashu Gupta, Company Secretary and Compliance Officer- Tel: (91 22) 3340 0500; Fax: (91 22) 3340 0599, Email: mailto:investorrelations@dmartindia.com; Website: www.dmartindia.com; Corporats Identity Number: U51900MH2000PLC126473

PROMOTERS OF OUR COMPANY: RADHAKISHAN S. DAMANI, GOPIKISHAN S. DAMANI, SHRIKANTADEVI R, DAMANI, KIRANDEVI G. DAMANI,
BRIGHT STAR INVESTMENTS PRIVATE LIMITED, ROYAL PALM PRIVATE BENEFICIARY TRUST, MOUNTAIN GLORY PRIVATE BENEFICIARY TRUST,
BOTTLE PALM PRIVATE BENEFICIARY TRUST, GULMOHAR PRIVATE BENEFICIARY TRUST AND KARNIKAR PRIVATE BENEFICIARY TRUST

BASIS OF ALLOTMENT

The Equity Shares are proposed to be listed on BSE Limited ('BSE') and National Stock Exchange of India Limited ('NSE') and trading of tha Equity Shares will commence on or about March 21,2017.

PUBLIC ISSUE OF 62,541,806 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (THE 'EQUITY SHARES') OF AVENUE SUPERMARTS LIMITED (OUR 'COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 299 PER EQUITY SHARE (INCLUDlNG) A SHARE PREMIUM OF RS 289 PER EQUITY SHARE) AGGREGATING UP TO RS 18,700 MILLION .THE ISSUE CONSTITUTES 10.02% OF THE POST-1SSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE ISSUE PRICE :RS 299 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
THE ISSUE PRICE IS 29.9 TIMES OF THE FACE VALUE
ANCHOR INVESTOR ISSUE PRICE: RS 299 PER EQUITY SHARE

Risks to Investors:

i. One Global Co-ordinator and Book Running Lead Manager and eight Book Running Lead Managers associated with
the Issue have handled 48 public issues in the current financial year and two financial years preceding the current
financial year, out of which 13 issues closed below the issue price on listing date.

ii. The average cost of acquisition of Equity Shares of Promoters. Radhakishan S. Damani, Goplkishan S. Damani, Shrikantadevi R.Damani, Kirandevi G. Damani and Bright Star Investment Private Limited is Rs10.00 and the average cost of acquisition of Equity Shares by our Promoters Royal Palm Private Beneficiary Trust, Mountain Glory Private Beneficiary Trust, Bottle Palm Private Beneficiary Trust, Gulmohar Private Beneficiary Trust and Karnikar Private Beneficiary Trust is Rs 3.33 and the Issue Price at upper end of the price band is significantly high at Rs 299.

BlD/lSSUE PROGRAMME:
BID/ISSUE OPENED ON MARCH 8.2017* | BID/lSSUE CLOSED ON MARCH 10,2017
*THE ANCHOR INVESTOR BID/ISSUE PERIOD WAS MARCH 7,2017

In tems of Rule 19(2)(b))(iii) of the SecuritesContracts (Regulation) Rules, 1957, as amended (the 'SCRR'),this was an issue for at least 10% of the post-Issue paid-up Equity Share capital of our Company. The Issue has been made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the 'SEBI Regulations'), through the Book Building Process wherein 50% of the Issue was-allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs'), and our Company allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids received from domestic Mutual Funds at the Anchor Investor Allocation Price, in accordance with the SEBI Regulations.5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor investors}, including Mutual Funds, subject to valid Bids received at the issue Price. Further, not less than 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue was available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids being received at the Issue Price. All potential investors, other than Anchor Investors, were required to mandatorily utilise the Application Supported by Blocked Amount ('ASBA') process providing details of their respective bank account which were blocked by the Self Certified Syndicate Banks ('SCSBs') to participate in the Issue, Anchor Investors were not penrirted to participate in the Anchor Investor Portion through the ASBA process. For details. see 'Issue Procedure' beginning on page 334 of the Prospectus.

Please note that participation by non-residents in the Issue was restricted to partcipation by (i) Flls and FPls through the portfolio investment scheme under Schedule 2 and 2A of  the fema Regulations, as the the case may be. in the issue subject to limited of the individual holding of an fii/FPI below 10% of the post-Issue paid-up caoital of the Company and the aggregate limit for Fll/FPI investment to 20% of the post-Issue paid-up capital of our Company: and (ii) Eligible NRIs only on non-repatriation basis under Schedule 4 of the FEMA Regulations subject to limit of the Individual holding of an NRl below 5% of the post-lssue paid-up capital of the Company and the aggregate limit for NRI investment to 10% of the post-lssue paid-up capital of our Company. Further, other non-residents such as FVCls and multilateral and bilateral devebpment financial institutions were not permitted to participate in tha Issue. As per the existing policy of the Government, OCBs cannot participate in this Issue. Also, alternative investment fund and venture capital funds where sponsor and manager is Indian owned and controlled under the FEMA Regulations were only allowed to participate in the lssue.
The Issue received 1,797,410 Applications for 4.590.896.550 Equity Shares (before technical rejections) resulting in 73.4052 times- subscription. The details of the Applications received in the Issue from various categories are as under (Before technical rejections)

Sr.
No.
Category No. of
Applications
No. of
Equity Shares
Equity Shares
Reserved
No. of times
Subscribed
Amount
(In Rs)
A Retail Individual Investors 1,791,606 160,389,900 21,889,633 7.3272 48,002,977,333,40
B Non Institutional Investois 5.400 2,553,601.500 9,381.271 272 2021 763.393,542,774.00
C Qualified Institutional Buyers
(Excluding Anchor Investors)
346 1,857,390,800 12,508,361 148.4919 5,359,849,200.00
D Anchor Investors 58 19,514,350 18,762,541 1.0401 5,834,790.650.00
TOTAL 1,797,410 4.590,896,550 62,541,806 73.4052 1,372.591,159,957.00

Final Demand
Asummay of the final demand as per the BSE and the NSE as on the Bid/Issue Closing Date at different Bid prices is as under:

Sr. No. Bid Price No. of  Equity Shares % of  Total Cumulative Total Cumulative % of Total
1 295 707.700 0.02 707,700 0.02
2 296 168.900 0.00 876,600 0.02
3 297 787,800 0.02 1,664,400 0.04
4 298 684,350 0.01 2,348,750 0.05
5 299 4,456.175,700 96.88 4,458,524,450 96.93
6 CUTOFF 141,286,750 3.07 4,599,811,200 100.00
TOTAL 4,599,811.200 100.00

The Basis of Allotment was finalised in oonsullation with the Designated Stock Exchange, being BSE on March 17, 2017.
A. Allotment to Retail Individual Investors (After Technical Rejection) (including   ASBA Applications)
The Basis of Allotment to the Retail Individual lnvestors who have Bid at Cut-off Price or at or above the Issue Price of Rs 299 per Equity Share was finalized in consultation with BSE. The category has been subscribed to the extent of  7.0907 times. The total nuniber of Equity Shares Allotted in this category Is 21889,633 Equity Shares to 437,792 sucessful application. The category-wise details of the Basis of Allotment are as under:

Category No, of
Applications.
Received
% of 
Total
Total No. of
Equity Shares
applied
% of 
Total
No, of Equity
Shares Allotted
per Applicant
Ratio Total No. of
Equity Shares
Allotted
50 1,450,099 83.34 72.504,950 46.71 50 39:155 18,242,650
100 100,204 5.76 10,020,400 6.46 50 39:155 1,260,600
150 35491 2.04 5,323,650 3.43 50 39:155 446,500
200 3G.Q1C 1.67 5,802,000 3.74 50 39:155 364.950
250 1?.9C2 0.80 3.475,500 2.24 50 39:155 174,900
300 19,655 1.13 5,896,500 3.80 50 39:155 247,250
350 10,315 0.62 3,785,250 2.44 50 39:155 136,050
400 6,172 0.35 2,468,800 1.59 50 39:155 77,650
450 2.545 0.15 1,145,250 0.74 50 39:155 32,000
500 11,053 0.64 5,526,500 3.56 50 39;155 139,050
550 1,902 0.11 1,046,100 0.67 50 39:155 23,950
600 4,515 0.26 2,709,000 1.75 50 39:155 56,800
650 54,630 3.14 35,509.500 22.88 50 39:155 687.250

72,939 Allottees from Serial no 2 to 13 allotted 1 (one) additional share

1 1:2210 33
TOTAL 1,739.993 100,00 155,213,400 100.00 21,889,633

B. Allotment to Non institutional Investors (After Technical Rejections) (including ASBA  Applications)

The Basis of Allotment to the Non-Institutional lnvestors, who have Bid at or above the Issue Price of Rs 299 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extern of 271.4806 times. The total number of Equity Shares Allotted in this category is 9.381,271 Equity Shares to 2,424 successful applicants.
The catagory-wise details of the Basis of Allotment are as under: (Sample)

Category No of
Applications
Received
% of
Total
Total No. of
Equity Shares
applied
% to
Total
No, of Equity
Shares Allotted
per Applicant
Ratio Total No.of
Equity Shares
Allotted
700 522 10.11 365,430 0.01 50 27.522 1,350
750 115 2.23 86,250 0.00 50 6:115 300
29,100 2 0.04 58.200 0.00 107 1:1 214
30,000 9 0.17 270,000 0.01 111 1:1 999
73,350 1 0.02 73,350 0.00 270 1:1 270
75.000 1 0.02 75,000 0.00 276 1:1 276
284,250 1 0.02 284,250 0.01 1,047 1:1 1,047
289,000 1 0.02 289,000 0.01 1,065 1:1 1,065
1,030,100 1 0.02 1,030,100 0.04 3,794 1:1 3,794
1,063.500 1 0.02 1,063,500 0.04 3.917 1:1 3,917
2,784,250 1 0.02 2,784,250 0.11 10255 1:1 10,255
2,976,550 1 0.02 2,976,550 0,12 10,963 1:1 10,963
3,846,150 1 0.02 3,846.150 0.15 14.166 1:1 14,166
3.913,000 1 0.02 3,913,000 0.15 14,413 1:1 14,413
43,779, 250 2 0.04 87,558,500 3.44 161.250 1:1 322,500

C. Allotment to QIBs excluding Anchor Investors

The Basis of Allotment to QIBs who have Bid at or above the Issue Price of Rs 299 per Equity Share has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 148.2299 times of the Net QIB portion As per the SEBl Regulation, Mutual Funds were Allocated 5% of the Equity Shares of Net QIB Portion available i.e. 625,419 Equity Shares and other QIBs, including Mutual Funds were Allocated the remaining available 11.882,942 on proportionate basis. The total number of Equity Shares allotted in the QIB category is 12.508,361 Equity Shares, which were allotted to 344 successful Applicants. The category-wise details of the Basis of Allotment are as under:

CATEGORY FIS/BANKS MFS IC'S VC'S AIF FII/FP/FPC TOTAL
ALLOTMENT 2,704,081 2.009.384 995,560 212.453 408,781 6.178.102 12,508.361
D. Allotment to Anchor Investore
CATEGORY FIS/BANKS MFS IC'S VC'S AIF FII/FP/FPC TOTAL
ALLOTMENT - 6,287,800 - - 334,450 12,140,291 18,762.541

Our Company in consultation with the BRLMs have Allocated 18.762.541.Equity Shares to 35 Anchor Investors (through 58 Applications) at the Anchor Investor Issue Price of  Rs 299 per Equity Shares in accordance with the SEBl Regulations. This represents 60.0% of the QIB Category.
The IPO Committee of our Company at it's meeting held on March 18.2017, has approved the Basis of Allotment of the Equity Shares as approved by the Designated Stock Exchange, being BSE and Allotted the Equity Shares to various successful Applicants.
The Allotment Advice-cum-Refund Orders and/or notices- have been dispatched to the address of the Investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Issue Account have been issued on March 18,2017 and payment to non-Syndicate brokers have been issued on March 20,2017. In case the same is not received, investors may contact the Registrar to the Issue at the address given below, The Equity Shares Allotted to the successful Applicants have been credited on March 20, 2017 to their beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps for completion of the necessary formalities to get the Equity Shares admitted for trading on the BSE and the NSE within six Working Days from the Bid/Issue Closing Date.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
INVESTORS PLEASE NOTE
These details of the Allotment made, shall be hosted on the website of Registrar to the Issue, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, Serial numbert of the Bid-Cum-Application form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at tha address given below:

Link Intime India Private Limited
C-101.1st Floor. 247 Park. Lal Bahadur Shastri Marg. Vikhroli (West), Mumbai - 400 083.
Tel: (91 22) 4918 6200; Fax: (91 22)4918 6060; E-mail: asl.ipo@linkintime.co.in
Investor Grievance E-mail: asl.ipo@linkintime.co.in; Website; www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan;SEBI Registration No.: INR000004058

Place: Mumbai

Date: . March 20, 2017

For AVENUE SUPERMARTS LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer

DMart IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in DMart IPO?

    Check the basis of allotment document above to know about how the shares are allocated in DMart IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is DMart IPO basis of allotment status?

    The DMart IPO basis of allotment (published above) tells you how shares are allocated to you in DMart IPO and category wise demand of IPO share.

    Visit the DMart IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is DMart IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in DMart IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).








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