The shares closed at Rs 1,785 on NSE this afternoon. Avenue Supermarts Shares of billionaire Radhakrishnan Damani-led Avenue Supermarts have returned more than 284% since IPO in March. The initial public offer of D-Mart parent Avenue Supermarts to raise Rs 1,870 crore had been subscribed by a staggering 104.48 times at the end of the three-day bidding. The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 144.6 times and that of non institutional investors 277.74 times. Shares of the company surged by more than 100%, and listed at Rs 604.4, as against an issue price of Rs 299. The shares closed at Rs 1,150 on NSE this afternoon.