DMart IPO
DMart IPO — date, price band, lot size & details 2017
DMart listed on 21 Mar 2017 at ₹600, 100.7% above the ₹299 issue price.
Avenue Supermarts runs DMart, one of the largest and most profitable food and grocery retail chains in India. Its total income was Rs 8,599.63 crore in FY2016.
Stock price
DMart is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 08 Mar 2017
- Close 10 Mar 2017
- Allotment 16 Mar 2017
- Refund/credit 17 Mar 2017
- Listing 21 Mar 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 10 Mar, 2017 |
|---|---|
| Price Band | ₹295 – ₹299 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹1870 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,950 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹299 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹14,950 |
| Retail (max) | 13 | 650 | ₹1,94,350 |
| S-HNI (min) | 14 | 700 | ₹2,09,300 |
| S-HNI (max) | 66 | 3,300 | ₹9,86,700 |
| B-HNI (min) | 67 | 3,350 | ₹10,01,650 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 4,699.32 crore in FY2014 to Rs 8,599.63 crore in FY2016.
- 02Profit after tax rose from Rs 159.60 crore in FY2014 to Rs 318.53 crore in FY2016, and was Rs 386.40 crore in nine months to December 2016.
- 03It ran 112 stores across 41 cities, all managed by itself.
- 04Rs 1,080.00 crore of the issue was for repaying loans and NCDs.
Risks · 5
- 01Profit after tax was Rs 318.53 crore on income of Rs 8,599.63 crore in FY2016, as grocery margins are thin.
- 02Total borrowing rose from Rs 494.58 crore in FY2014 to Rs 1,021.96 crore in FY2016.
- 03Opening new stores needs land and capital, with Rs 366.60 crore planned for fit outs.
- 04Grocery retail faces competition from other chains and online players; total assets were Rs 3,765.42 crore.
- 05Promoters held 91.34% before the issue and 82.19% after it, so they control the company.
Three years of numbers
All figures in ₹ crore, as reported in the DMart offer document.
| Metric | 31 Dec 2016 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Assets | 3,765.42 | 3,081.54 | 2,347.80 | 1,791.25 |
| Total Income | 8,793.38 | 8,599.63 | 6,454.39 | 4,699.32 |
| Profit After Tax | 386.40 | 318.53 | 210.67 | 159.60 |
| Reserves and Surplus | 1,336.30 | 949.90 | 631.37 | 403.53 |
| Total Borrowing | - | 1,021.96 | 740.71 | 494.58 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹1,837.35 Cr of the issue is earmarked to named objects.
DMart IPO Anchor Investors
58 anchor investors across 25 fund houses committed ₹561.00 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It is among the largest and most profitable food and grocery retailers in India, with a focus on foods, non foods (FMCG) and general merchandise and apparel.
It had 112 stores across 41 cities and operates and manages all its stores itself.
The IPO was Rs 1,870 crore and was entirely fresh issue at Rs 299, the top of the Rs 295 to Rs 299 band. The money was for repaying loans and NCDs and fitting out new stores.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
DMart IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Motilal Oswal Investment Advisors
79 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: R K Swamy (-13.2%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
HDFC Bank Limited
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Precision Camshafts (-11.3%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of DMart?
The current Grey Market Premium is ₹252.5, or 84% over the issue price.
What is the DMart IPO price band?
₹295 to ₹299, on a face value of ₹10.
When is the allotment?
The basis of allotment is 16 March 2017, with listing on 21 March 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
