Avenue Supermarts Pvt Ltd is seeking to raise fund through Initial Public Offering (IPO). Avenue could raise INR 10000- 12000 million through the IPO. Avenue has started the discussions with various investment banks. Neville Noronha, Chief Executive of Avenue Supermarts, said, “We have been evaluating an IPO and have initiated talks with various bankers. However, these discussions are still in the early stages.”