Vishal Mega Mart IPO is a book-built issue with a total size of ₹8,000 crore. The offering comprises an entirely offer for sale of 102.56 crore equity shares.
The subscription period for the Vishal Mega Mart IPO opens on December 11, 2024, and closes on December 13, 2024. The allotment is expected to be finalized on Monday, December 16, 2024. The shares are scheduled to list on the BSE and NSE, with the tentative listing date set for Wednesday, December 18, 2024.
Vishal Mega Mart operates in the retail sector, specifically focusing on hypermarkets and supermarkets. They offer a wide range of products, including apparel, general merchandise, and fast-moving consumer goods (FMCG). Vishal Mega Mart is known as a one-stop destination for value-conscious consumers, catering to middle and lower-middle-income groups.
The IPO price band is set between ₹74 and ₹78 per share. Retail investors must apply for a minimum lot size of 190 shares, requiring an investment of ₹14,820 at the upper price limit. Small Non-Institutional Investors (sNII) must apply for a minimum of 14 lots, or 2,660 shares, amounting to ₹207,480. Big Non-Institutional Investors (bNII) must apply for 68 lots, or 12,920 shares, translating to ₹1,007,760.
The book-running lead managers for this IPO are Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, and Morgan Stanley India Company Pvt Ltd. Kfin Technologies Limited is the registrar for the issue.
Vishal Mega Mart IPO Details:
| Company Name | Vishal Mega Mart Limited |
| Sector | Hypermarkets and Supermarkets |
| IPO Type | Mainboard |
| IPO Open date | 11th Dec 2024 |
| IPO Close date | 13th Dec 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Vishal Mega Mart IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 190 | 14,820 |
| sHNI (Min) | 14 | 2660 | 2,07,480 |
| bHNI (Min) | 68 | 12920 | 10,07,760 |
Vishal Mega Mart IPO Timeline:
| IPO Open Date | 11th Dec 2024 |
| IPO Close Date | 13th Dec 2024 |
| Basis of Allotment | 16th Dec 2024 |
| Refund Initiation Date | 17th Dec 2024 |
| Shares Credit to Demat | 17th Dec 2024 |
| Listing Date | 18th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Vishal Mega Mart’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Hypermarkets and Supermarkets Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Vishal Mega Mart and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
