Of D-Mart's IPO and the legend of Radhakishan Damani

The company's numbers are exceptional, but the investing community will also bet on the promoter

Reports say that whenever Rakesh Jhunjhunwala meets his mentor Radhakishan Damani, his favourite question is: “When are you listing your company?” As Avenue Supermarts, the company which operates the supermarket chain D-Mart, opens for IPO on March 8, Jhunjhunwala’s wait will come to an end.

It’s not only Jhunjhunwala who is looking forward to the listing of his friend’s company, many other market players too are keenly watching it. As a CEO of a leading fund house says: “After all, it is the best-run company in the retail space. And of course, there is Radhakishan Damani....”

There is a natural reverence amid market players