Avenue Supermarts Limited IPO Message Board (Page 113)

Yes bank asba allows how many applications?

private banks are not allowing to apply through ASBA in the name of person other than account holder

but you may apply offline for 5 applications by using one bank of account of yes bank

Eagle eye mam pls guide us on prise of share by your method of calculating post eps and book value calculation of avenue mart, as you calculated in endurance technology ipo.

boss its not a method
its dedication, experience and other things too which cannt get in just one message

Can I apply IPOs using dmat/pan no.of my son who is NRI n stays outside India? Any legal issue??

Eagle eyeji or septaji,
pl guide me as my sons demat/pan is in non use, can i apply ipo''s in his name who is staying outside India,can i use my my account in SBI ASBA

Better to ask this question to your broker

Avenue supermarts limited IPO bharna chahiye? Please advise

India me kitne logo ke pass personal financial advisor hota h.... !!!!!!!:)

your broker seems to be your personal financial advisor in india

Grey market for D-Mart is very aggressive ,

http://www.moneycontrol.com/news/ipo-upcoming-issues/d-mart-ipo-grey-market-premium-soarsrk-damani-brand-value-_8552581.html

if issue price of Rs 320 would mean a price earning multiple of roughly 42 times estimated FY17 earnings. GMP buying the stock at Rs 500 (Rs 320 + Rs 180 premium) are valuing the stock at 66 times FY17 earnings. That may not be unreasonable for a well-managed retail chain, but definitely not cheap.

Kostak price 1400 in ahmedabad now.

Avenue SuperMarts IPO
GMP 175 – 177 (Selling Tone)

now it makes something cautious reliance power was also trading in grey market like this. http://www.moneycontrol.com/news/ipo-upcoming-issues/d-mart-ipo-grey-market-premium-soarsrk-damani-brand-value-_8552581.html

Huge difference between rpower and avenue.....rpower is a project....avenue is a running company....yea but not buy from grey market...it is little bit risky

Avenue SuperMarts IPO – Schedule (Page #329 of RHP)

07th March – Anchor Investors
08th March – Offer Opens
10th March – Offer Closes
13th March – Markets Closed for Holi
16th March – Finalisation of Basis of Allotment
17th March – Unblocking of ASBA
20th March – Credit to Demat Accounts
21st March – Listing on NSE & BSE


Avenue SuperMarts IPO

Revised Tentative Issue Information:

Issue Opens on: 08 March 2017
Issue Closes on: 10 March 2017
Issue Type: Book Built Issue IPO
Issue Size: 62,541,806 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.295 – Rs.299 per Equity Share
Market Lot: 50 shares
Listing At: NSE, BSE


Equity Shares outstanding prior to the Issue = 561,542,680 Equity Shares
Fresh Issue of 62,541,806 Equity Shares @299/- aggregating up to Rs.18,700 million
Equity Shares outstanding after the Issue = 624,084,486 Equity Shares


Category-wise Break up:
Anchor – 1,87,62,542 Shares = 561.00Crs.
Net QIB – 1,25,08,361 Shares = 374.00Crs
NII – 93,81,271 Shares = 280.50Crs
RII – 2,18,89,632 Shares (4,37,793 Forms) = 654.50Crs. (Lot size = 50)
Total Issue – 6,25,41,806 Equity Shares = 1870Crs.


If we assume HNI applications of Rs.55,000Crs. Then the NII category will be oversubscribed by 196X
(Note: BSE attracted Rs.29,550Crs. of HNI application)

If we assume RII applications of 16Lakh forms. Then the Retail category will be oversubscribed by 3.66X (applic-wise) (Note: BSE attracted 11.95Lakh forms)


Subscription required for 1X
RII = 4.38L Forms
NII = 280.50 Crs

Subscription Expected
RII = 16L Forms = 3.66X Applic. wise (Avg allotment of ~13.68 shares per lot)
NII = 55K Crs. = ~196X

Interest cost @7%p.a. for 7days = 40.1paise for 1X

Thus, for 55K Crs. the costing = Rs.78.71 per share (GMP)

And 78.71 X 13.68 = Rs. ~1077/- (Kostak)
 
Avenue SuperMarts IPO:

EPS for – FY13-14 >>> Rs.2.95 (Page #100 of RHP)
EPS for – FY14-15 >>> Rs.3.87 (Page #100 of RHP)
EPS for – FY15-16 >>> Rs.5.68 (Page #100 of RHP)
EPS for 9M – 16-17 >>> Rs.6.90 (Page #100 of RHP)

If, Issue Price = 299 & GMP = 191 … Then Costing = 490 … & PE = 53.25
If, Issue Price = 359 & GMP = 191 … Then Costing = 550 … & PE = 59.78



Trent Limited: CMP 246.90 (23rd Feb)

EPS for – FY13-14 >>> Rs.1.63
EPS for – FY14-15 >>> Rs.3.01
EPS for – FY15-16 >>> Rs.1.89

EPS for Q1 – 16-17 >>> Rs.0.70
EPS for Q2 – 16-17 >>> Rs.0.63
EPS for Q3 – 16-17 >>> Rs.1.12
EPS for 9M – 16-17 >>> Rs.2.46



Future Retail: CMP 233.60 (23rd Feb)

EPS for – FY15-16 >>> Rs.0.66

EPS for Q1 – 16-17 >>> Rs.1.50
EPS for Q2 – 16-17 >>> Rs.1.56
EPS for Q3 – 16-17 >>> Rs.2.14
EPS for 9M – 16-17 >>> Rs.5.20



V-Mart: CMP 695.70 (23rd Feb)

EPS for – FY15-16 >>> Rs.15.31

EPS for Q1 – 16-17 >>> Rs.5.07
EPS for Q2 – 16-17 >>> Rs.(1.01) (loss)
EPS for Q3 – 16-17 >>> Rs.15.06
EPS for 9M – 16-17 >>> Rs.19.11



Updated Data on a platter ...

EagleEye,

If the equity is diluted to 62 Crores, don''t you think the EPS will change? What is the net profit for 9M of FY17? What will be the EPS after taking diluted equity?

I think EPS will be 8 and PE will be 37.35. Please check and confirm.

Diwali season for IPO lovers...

Should I sell on Kostak ...Whats the chance of allotment ?? Eagle Eye

Definitely hit :)

Market pundits are sure they will make this "Damani" Pataka list at 500/-

Enjoy March closing!!!
Grey 195-197@Rajkot

Tnx
Krishna sme listing your idea Arjunji pls

Avenue Supermarts'' Rs 1,870-cr IPO to be out on March 8
This will be the biggest public issue since PNB Housing Finance''s offering in October last year, which had garnered Rs 3,000 crore.
http://t.in.com/46wO

Gamble
Long time since your suggestions ..... Any stock for long term ?

::: Parag milk food
::: Bharti infratel

Not took yet.but looking good.

Dates final for d mart. 8 to 10 march final. Music broad cast 6 to 8 march. Final. Challenge. No change

Hindu business line-
Avenue Supermarts Ltd will take subscriptions for its initial public offering of up to Rs 1,870 crore ($280.42 million) on March 8-10 with the listing likely to take place on March 21, the supermarket operator said in a filing released on Friday.

The IPO by Avenue Supermarts, which operates 118 stores across 45 cities under the “D''Mart” brand, comes at a time when share markets are rallying, with the NSE index on Thursday hitting its highest since March 2015.

The IPO would be the country''s biggest since PNB Housing Finance Ltd raised Rs 3,000 crore in an initial share sale in October.

Indian companies had raised $4 billion IPOs last year, making it the best year in six. Bankers expect fund raising from IPOs to be higher this year with a strong pipeline of initial share sales, including top bourse National Stock Exchange''s expected $1-billion listing.

Nine banks led by Kotak Mahindra Capital will manage Avenue Supermart''s IPO. Other bookrunners include Axis Capital, Edelweiss, HDFC Bank and ICICI Securities.

D Mary IPO price band 300-320. Open 08/03 to 10/03.GMP 150

Shares of Radhakishan Damani-promoted Avenue Supermarts are quoting at a premium of Rs 175-180 over the expected issue price in the grey market, according to brokers dealing in this unregulated market.

Avenue Supermarts owns the D-Mart chain of around 120 retail stores, most of them in Maharashtra and Karnataka.

Players tracking the issue see it being priced between Rs 300 and Rs 320. The Avenue Supermarts IPO (initial public offering) is expected to hit the market in the second week of March. Merchant banking sources say Supermart is looking to raise around Rs 1,800 crore by selling a 10 percent stake, valuing the company at Rs 18,000 crore.

Grey market brokers said the volumes were not huge, mainly due to the steep rise in price, which could potentially result in huge losses depending on which way the stock debuts on listing.

The trades had stopped a week back, but have again resumed, said a broker familiar with this market.

The last issue which had witnessed a hefty premium over its issue price in the grey market was that of Reliance Power. The premium had risen to nearly 100 percent of the issue price at one point. However, Reliance Power shares flopped on listing, causing heavy losses to grey market operators who had bought the stock in huge quantities. Many trades were dishonoured, leading to grey market activities dying down for the next couple of years.

Veteran brokers say that while the grey market is a fairly good indicator of the appetite for an initial public offering, it is prone to manipulation as well.

The first quote in the grey market for an upcoming issue is usually put up by the merchant bankers to the issue, and sets the benchmark.

In the case of Supermarts, investors appear to be taking a bet more on the Midas touch of ace investor Radhakishan Damani than on the robustness of the company''s business model.

Formerly a small time trader in ball bearings, Radhakishan Damani entered the stock market in the late 80s, when he himself was past 30—unusually late for somebody looking to earn a living in the fiercely competitive and highly unpredictable business.

Damani ploughed the profits from his short term trading bets into creating a long term portfolio of blue-chips — notably multinational corporations in the consumer and pharmaceutical businesses. In March 2015 he briefly made to the Forbes list of top 100 Indian billionaires.

Damani forayed into retailing at the turn of the century, first as a franchisee for the Apna Bazaar chain of stores, before going on to set up about 120 stores.

As of March 31, 2016, Avenue Supermarts had a topline of about Rs 8,600 crore, and a net profit of about Rs 320 crore, translating into an earnings per share of Rs 5.72.

The company''s earnings have been growing at 31 percent compounded for the preceding two years. Extrapolating that, the company is expected to report an earnings per share of roughly Rs 7.6 for this financial year.

An issue price of Rs 320 would mean a price earning multiple of roughly 42 times estimated FY17 earnings. Grey market punters buying the stock at Rs 500 (Rs 320 + Rs 180 premium) are valuing the stock at 66 times FY17 earnings. That may not be unreasonable for a well-managed retail chain, but definitely not cheap.

Grey market punters seem to be betting that given Damani''s track record both as a highly successful stock trader and value investor, the market may not mind valuing his company at a huge premium to other listed peers.