Avenue Supermarts aka D-Mart OFS date is finalized. The D-Mart OFS will open on 14th February 2020 for institutional investors while it will open for 17th February 2020, Monday. D-Mart promoters will sell their stake via OFS.
The stock was closed on 2544.15 on Thursday. The price band is finalized of 2049 and the OFS investors will get a 19.5% discount on the closing price as on 13th February 2020, Thursday.
D-Mart listed on the NSE and BSE in March 2017 from then it became 1 lakh crore company in a few years. The Success story of D-Mart says it all. The company is running a retail outlet chain called D-Mart and the company name is Avenue Supermart. The funds will also be used for strategic investments or acquisitions, and repayment of loans.
After QIP, the promoter stake will come down around 77.28%, down from 79.73% as of 31 December.
The stock was closed on 2544.15 on Thursday. The price band is finalized of 2049 and the OFS investors will get a 19.5% discount on the closing price as on 13th February 2020, Thursday.
D-Mart listed on the NSE and BSE in March 2017 from then it became 1 lakh crore company in a few years. The Success story of D-Mart says it all. The company is running a retail outlet chain called D-Mart and the company name is Avenue Supermart. The funds will also be used for strategic investments or acquisitions, and repayment of loans.
After QIP, the promoter stake will come down around 77.28%, down from 79.73% as of 31 December.
D-Mart OFS Date, Price Band & Discount Details
| OFS Open: | 17 February 2020 |
| OFS Close: | 17 February 2020 |
| OFS Size: | Approx ₹3,032.5 Crores (Approx) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹2049 Per Share |
| Equity: | 14.8 Million Shares |
| Discount: | 19.5% Per Shares (₹2,544.15 - Closing Price of 13th February 2020) |
D-Mart OFS Subscription Numbers:
- D-Mart OFS Non Retail Subscription: 3.4 Times
- D-Mart OFS Retail Subscription: 0.98 Times
