Avenue Supermarts Sets Price Range For Rs 1,870 Crore IPO

Mumbai: Avenue Supermarts Ltd will sell shares in its initial public offering of up to Rs 1,870 crore in a price range of Rs 295-299 a share, it said in a public notice on Wednesday. The IPO of the supermarket operator, which operates 118 stores across 45 cities under the "D'Mart" brand, opens for public subscription on March 8 and closes on March 10.