D-Mart may Seek 18k cr IPO Val­u­a­tion

The Economic Times - - Front Page -

The ini­tial pub­lic of­fer (IPO) of DMart owner Av­enue Su­per­marts, which is likely to be floated soon, is ex­pected to com­mand a val­u­a­tion of .₹ 18,000 crore, much higher than the ear­lier ex­pec­ta­tion of .₹ 7,000 crore, re­ports

Ac­cord­ing to sources, in­clud­ing in­vest­ment bankers and an­a­lysts, the com­pany re­ceived good re­sponse at its road­shows, be­ing In­dia’s most prof­itable re­tailer — on­line and off­line.

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