When D Mart announced its IPO, I decided to skip it because I rarely went to D Mart; opting to go to Big Bazaar instead which had lesser crowd (in the hindsight, this should have been warning sign) and cleaner aisles. That was the only research that I did for deciding whether I should apply for the IPO or not. When the IPO had a bumper listing I was left scratching my head. How can this overcrowded store get a bumper listing in front of the swanky store of Big Bazaar? But reading through a couple of articles I realised what D Mart was doing better than it competitors. For e.g., being profitable. Duh! So, three years back I decided to start investing in D Mart. Here are my key takeaways.
- I have invested 12 times across these three years.
- I unfortunately invested in D Mart at its peak of 5000+ levels. This severely impacted my XIRR. And the recent correction in the share price has meant that I have underperformed Nifty 50 Index by a huge margin.
- The company has not paid any dividends. This was something I found out after investing in it.
Return
Profit Percent
XIRR
