Avenue Supermarts Ltd. IPO Subscribed By 5.97 Times On Day 3.

The maiden initial public offering (“IPO”) of Avenue Supermarts Ltd., was subscribed by ​5.97 times on Day ​3.

As per data available at National Stock Exchange (NSE) on March 10, 2017 at 1015 hours, the issue is subscribed by 5.97 times on its third day of subscription.

The total bids received stand at 26,50,84,650 while total bids received at cut off price stand at 8,02,11,200.

The company has set aside 50% of the shares on offer to Qualified Institutional Buyers(QIBs), 15% to the  Non-Institutional Investors (NIIs) and 35% to the Retail Individual Investors(RIIs).

The total issue size of the IPO consists of equity shares aggregating up to Rs 18,700 million (including anchor portion of 18,762,541 Equity Shares). The price band for the IPO is Rs 295 to Rs 299 with minimum order quantity of one market lot (i.e. 50 equity shares). The IPO was fully subscribed on its first day of subscription on Wednesday.

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