Shares of Superavenue Marts Limited (D Mart) listed on the bourses and were off to a flyer. The company had issued shares to raise Rs 1,870 crs in a price and of Rs 295-299 which were very heavily subscribed. The company had allotted 1,87,62,541 equity shares to 35 anchors comprising of 58 entities at Rs 299. The issue was subscribed 104.59 times with QIB portion subscribed 144.62 times, HNI 277.74 times and retail 7.51 times. There were 18.5 lakh applications received which was a record with the previous best being BSE Limited about a month prior at just about 12 lakhs.

The shares listed at Rs 604.40 and Rs 600 respectively and then made their lows in the next 15-20 mins of Rs 558.75 and Rs 558.30. They then rose to new highs in the last hour of trade and closed strong at Rs 640.75 and Rs 641.60 respectively. The gains made were a massive Rs 341.75 or 114.30% on the BSE and Rs 342.60 or 114.58% on the NSE.

The total traded volume was a massive 10.03 cr shares which translates into 1.6 times the IPO size of 6.25 cr shares. If one looks at the same minus the anchor portion the turnover was 2.29 times the size. In terms of delivery the same was 29.34 lac shares which was 29.26% of the traded volume and 46.92% of the IPO size. Considering that anchors have a lock-in of 30 days the delivery percentage was 67.03% of the non-anchor portion.

In terms of institutional trades just one was reported with Nomura India Investment fund buying 32,33,983 shares at Rs 604.84 per share. The QIB has invested Rs 195.60 crs in this acquisition. The total traded value on the exchanges in D-Mart was Rs 6,091 crs. The IPO size was Rs 1,870 crs.

The weighted average of the day’s trade was well above double the issue price at Rs 608.20 and Rs 607.17. Such a dream listing does not happen now and then. It happens once in a lifetime.