India's Avenue Supermarts IPO fully subscribed on first day | Reuters

MUMBAI India's Avenue Supermarts Ltd's initial public offering (IPO) to raise up to 18.7 billion rupees ($280.32 million) was fully subscribed on the first day of the offer, exchange data showed on Wednesday.The supermarket operator is selling shares in a range of 295-299 rupees a share in an offer that closes on Friday. Its IPO is the country's biggest since PNB Housing Finance Ltd raised 30 billion rupees in an initial share sale in October.

The supermarket operator operates 118 stores across 45 cities under the "D'Mart" brand. Separately, the IPO of Music Broadcast Ltd, the operator of FM radio channel Radio City, was subscribed 27 times as of 1025 GMT on the final day of bidding.

($1 = 66.7100 Indian rupees)

(Reporting by Swati Bhat; Editing by Sunil Nair)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Mar 08, 2017 22:03 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See