Avenue Supermart gave return of 167% from its issue price

Avenue Supermart has grabbed all the investors' eyes since its listing announcement last month. Today, the shares of the company has crossed Rs 800-level its new high within two weeks, giving robust returns to its shareholders. 

At 1430 hours, the shares of the company were trading at Rs 799.20 per piece, up 6.49% or Rs 48.70 on BSE. Which means, within nearly three weeks since its listing, the company has given returns of 25%. 

However, the shares of the company closed at Rs 775.50 per piece, up 3.33% or Rs 25 on BSE. During the intra-day the shares of the company touched a high at Rs 806.80 per piece and low at Rs 760 per piece. 

Avenue Supermart (parent company of D-Mart) on its listing day had attracted bids for nearly 106 times during its initial public offering (IPO).

During the IPO, the company had set the price band at Rs 299. So comparing the returns with the price band, the company gave returns of 167% to its investors.

Now, comparing the stock performance with its peer companies, the company has given the highest two-week return in 12 years. 

Here's how:

Pranav Haldea, Managing Director of Prime Database, shared the data with Zeebiz. Starting with Shopper's Stop. The company got listed on the exchanges on May 23, 2005. On the day of its listing, the company's share price closed at Rs 186.30 per piece. Withing three-weeks, the company's share was at Rs 194.35 per piece, which is giving nearly 4.32% return.

Second, company in the list is Soril Infra Resources (old name is Piramyd Retail). The company was listed on December 6, 2005. On its debut day, the share of the company closed at Rs 131.75 per piece. After three-weeks the shares of the company were trading at Rs 129.05 per piece, giving negative return of 2%.

Third company in the retail sector is V2 Retail (old name Vishal Retail). The company got listed on July 4, 2007. On its debut day the shares of the company closed at Rs 752.2 per piece. After three-weeks the shares of the company were trading at Rs 334.86, giving negative returns of  55.4%.

Fourth in the list is V-Mart. The company got listed on February 20, 2013. That day, the shares of the company closed at Rs 205.25 per piece. After three-weeks the shares of the company were trading at Rs 174.95 apiece, giving negative returns of 14.7%.

Fifth in the list is Future Retail. The company got listed on July 29, 2016. The shares of the company, on the day of listing closed at Rs 160.65 per piece. After three-weeks the shares of the company were trading at Rs 156.25 per piece, giving negative returns of 2.7%.