Its not everyday, that you see a stock (not a Penny stock ), that has doubled in value, and that too specifically on its IPO . Without further delay, lets look into the company, the reasons behind the D-Day and Is it worth it. Shares of Avenue Supermarts Ltd, the parent of D-Mart, saw a stellar listing on Tuesday as it surged over 110% after its initial public offer ( IPO ) to raise Rs1,870 crore was subscribed more than 100 times earlier this month. Avenue Supermarts’ shares opened 102.14% higher on the BSE at Rs 604.40 a piece , compared to the issue price of Rs299 per share,which was the upper end of the price band. At 12.37pm, the shares were up 108% to trade at Rs620.50, while benchmark 30-share Sensex falls 0.35% to trade at 29,416 points. The scrip continued the upward trajectory and closed up 115% at Rs 640.75 a piece on BSE. Earlier in the day, the shares touched a high of Rs650 and a low of Rs558.75, respectively. The company raised Rs 1,870 ...