Now Reading
IPO: Avenue Supermarts Limited

IPO: Avenue Supermarts Limited


Company & Business Profile

Avenue Supermarts Ltd. is an emerging national supermarket chain, with focus on value-retailing. According to Technopak agency is one of the largest and the most profitable F&G retailer in India. Company offers wide range of products with focus on the Foods, Non-foods (FMCG) and general merchandise & apparel product categories.

The company opened its 1st store in Maharashtra in 2002 and as of Sep, 2016 the company has 112 stores with retail business area of 3.4 million sq. ft located across 41 cities. The company operates through a ownership and long term lease model instead of rental model. As of Sep, 2016 Company has 21 distribution centres and 6 packing centres which form the backbone of its supply chain to support retail store network.

Company’s business approach is to retail quality goods at competitive prices. As on FY16 the foods segment constitutes 53% of the revenue share followed by general merchandise and apparel with 26.4% share and non-food (FMCG) at 20.6%. For FY16 Maharashtra contributed a majority of revenue from sales at 62.57% followed by Gujarat at 18.83%.

Objects of the Issue

The company intends to utilize the issue proceeds for

– Prepayment and early redemption of loans and NCDs

– Construction and purchase of fit-outs for new stores


The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Apply in IPO now in ASBA mode, to apply call us at 91-7869920356. Read to know further

View Comments (0)

Leave a Reply

Your email address will not be published.

Scroll To Top