Initial public offer for D-Mart will be open from 8th to 10th March 2017. You can apply for D-Mart IPO through ASBA mode from your Bank Account.
D- Mart is the brand of Avenue Supermarket, a disruptive retail chain promoted by Radhakishan s. Damani well known Stock Investor. He is the 98th richest of India in 2015 of Forbes list.
The company has 112 stores across 41 cities in India. The company disrupting the retail business by low price segment.
D-Mart IPO Issue Details:-
- Issue Open: From 8th to 10th March 2017
- Issue Size: 1865.57 Cr
- Issue Price: Rs 295 – Rs 299 per Equity Shares
- Market lot: 50 Shares
Category-wise Break up for D- Mart IPO:-
- Anchor – 1,87,18,089 Shares
- Net QIB – 1,24,78,726 Shares
- NII – 93,59,045 Shares
- RII – 2,18,37,771 Shares (4,36,755 Forms).
- Total Issue – 6,23,93,631 Equity Shares = 1865.57Crs
As per ET Report, Indian retail market growing at a rate of 10% annually and the presence of D-Mart in Market will give exposure to Retail segment.
The intention of IPO is to repay the part of the Debts and fresh construction of new stores to reach the customer.
How to Apply for D-Mart IPO through ASBA?
You can apply for D-Mart IPO through ASBA mode from any of the bank account by providing your Demat Account Details.
Details you need to Provide at the time of ASBA Application:-
- Demat Account Number (Client Id)
- DP Name
- DP ID
If you don’t have the above details, ask your Broker to provide the same.
ASBA facility is only provided by the Banks, not by your Broker. Now all of the banks providing ASBA Facility for applying IPO, if your ASBA facility is not activated call your Bank to activate the same.
You have to apply fro D-Mart IPO in Multiple of 50 Quantity. A Retail investor can apply up to Rs 2 lakh.
Investing in Equity Market through IPO route is the best option for the investor. Long term investor always prefers to apply IPO for investment.