Avenue Supermarts (ASL), the operator of supermarket retail chain D-Mart, made a stellar debut on the bourses by listing at Rs 604.40 on the BSE, 102% premium against its initial public offer (IPO) price of Rs 299. On the National Stock Exchange (NSE), the stock opened at Rs 600, a 101% premium against issue price.… Continue reading Avenue Supermarts ends 114% higher vs IPO price; book profits, say analysts
Euphoria around the Avenue Supermarts (D-Mart) initial public offering (IPO) of equity that saw 104 times more demand than the shares on offer might have overlooked a critical factor in the company’s growth so far. Namely, the predominant ownership model for its stores. The company had rapid growth in recent years, with 112 stores… Continue reading Can D-Mart modify its ownership model?