INDIAN NEWS & TIMES

Sunday, March 26, 2017

Photo_1__3_Avenue Supermarts Limited (“Company”), is an emerging national supermarket chain, with a focus on value-retailing and operates D Mart stores, is launching its initial public offering (“Issue”). The Issue opens on March 8, 2017 and closes on March 10, 2017, with a price band of Rs. 295 – Rs. 299 per Equity Share of face value of Rs. 10 each. The Anchor Investor Bid/Issue Period shall be on March 7, 2016, i.e. one working day prior to the Bid/Issue Opening Date.

The Company proposes to utilize the net proceeds of the Issue for repayment or prepayment of a portion of loans and redemption or earlier redemption of NCDs availed by the Company, construction and purchase of fit outs for new stores and for general corporate purposes.

In terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), this is an Issue for at least 10% of the post- Issue paid-up Equity Share capital of the Company.331006The Issue is being made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”), through the Book Building Process wherein 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third shall be reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Issue Price, in accordance with the SEBI Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being receivedPhoto_2 (3) at or above the Issue Price.

Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids being received at or above the Issue Price. All potential investors, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) to participate in the Issue. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.

Kotak Mahindra Capital Company Limited is the Global Co-ordinator and BRLM to the Issue. Axis Capital Limited, Edelweiss Financial Services Limited, HDFC Bank Limited, ICICI Securities Limited, INGA Capital Private Limited, JM Financial Institutional Securities Limited, Motilal Oswal Investment Advisors Private Limited and SBI Capital Markets Limited are the Book Running Lead Managers (“BRLMs”) to the Issue. The Registrar to the Issue is Link Intime India Private Limited.

The shares of Avenue Supermarts Limited are proposed to be listed on the NSE and BSE.