Do you think the recent D-Mart IPO is the biggest IPO of Stock Market?

622 Views Updated: 20 Mar 2017
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Do you think the recent D-Mart IPO is the biggest IPO of Stock Market?

The D-Mart IPO, the biggest since PNB Housing Finance’s Rs 3,000 crore offer in October last year, was subscribed more than 104 times earlier this month. It was subscribed for more than 104 times earlier this month at a price band of Rs 295-299 per share.

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Posted by: it.neelam Posts: (1) Opinions: (17) Points: 1,236 Rank: 65
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“There has been a lot of excitement around the retail sector for more than 20 years in India”, he said. “And now a physical retailer kept completely under wraps by a media-shy promoter, Mr Damani, is going public. Besides, with a growth rate of 40-50% per year, it is a good bet for investors looking to buy into India’s consumer story. Most well performing retailers like Metro Shoes and Fabindia are privately held, while investors get to put money in Reliance Retail indirectly through Reliance Industries, the parent company. Others like Aditya Birla Retail haven’t done so well.”

In financial year 2015-16, D-Mart made a profit of Rs318.19 crore on revenues of nearly Rs8,600 crore. The company’s profit after tax rose more than 50% year-on-year.

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