Vishal Mega Mart IPO GMP, Open Date, Price Band, Allotment Status

Vishal Mega Mart IPO open date is on 11 December to 13 December 2024. This new IPO is a book-built issue of Rs 8000 crores. This upcoming IPO is entirely an offer for sale. No fresh issue component is present in the IPO.

Vishal Mega Mart IPO price band is Rs 74 to Rs 78 per share. As of now, Vishal Mega Mart IPO GMP is 24 indicates mild bullish sentiment for this IPO among investors.

The lot size details are still pending and the allotment status and date is finalised on Monday, December 16, 2024. The minimum investment for the retail investors for 1 lot is expected to be around Rs 14,820. The registrar for Vishal Mega Mart IPO is Kfin Technologies Limited. The listing date is 18 December 2024.

Also Read | Vishal Mega Mart IPO: Files DRHP to SEBI for Upcoming IPO

Vishal Mega Mart IPO GMP

Vishal Mega Mart IPO GMP quotation is around Rs 24 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Vishal Mega Mart IPO GMP might rise in the coming days.

Vishal Mega Mart IPO Price Band

Vishal Mega Mart IPO price band is Rs 74 to Rs 78 per share. The minimum amount of investment for the retail category is to be around Rs 14,820 and for small NII minimum investment is to be around Rs 2,07,480. The minimum investment for the Big NII is to be around Rs 10,07,760.

Vishal Mega Mart IPO Open Date, Close Date

Vishal Mega Mart IPO open date is Wednesday, 11 December 2024 and closing date is Friday, 13 December 2024. Initiation of refund date is December 17, 2024 and credit of shares will be on 17 December 2024.

Vishal Mega Mart IPO Allotment Status

Vishal Mega Mart IPO allotment status will be finalised on Friday, 16 December 2024. The listing will be on the BSE and NSE platforms on Wednesday, 18 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

Vishal Mega Mart IPO Listing Date

Vishal Mega Mart IPO's listing date will be on Wednesday, 18 December 2024. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Vishal Mega Mart IPO: Listing Date, Lot Size, Price Band

Vishal Mega Mart IPO  Limited: About the Company

Vishal Mega Mart Limited 2001, is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.

Vishal Mega Mart owns brands and third-party brands to meet the everyday needs of consumers. The company offers a wide range of products across apparel, general merchandise, and FMCG. Also including its brands for clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples.

Vishal Mega Mart targets middle and lower-middle-income people, through a Pan India network of 645 Vishal Mega Mart stores. Vishal Mega Mart operates an asset-light business model, leasing all its distribution centers and stores. While its products are manufactured by third-party vendors or sourced from third-party brands.

Vishal Mega Mart IPO Objectives

The funds raised through this IPO will be directly go to the selling shareholders. This IPO is completely an offer for sale issue so, the company will not receive any funds.

Vishal Mega Mart IPO: Key Dates, Allotment, Listing Date

Vishal Mega Mart IPO Subscription Status, IPO Reservation

Vishal Mega Mart IPO subscription status will be available after the IPO opens on 11 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

Vishal Mega Mart IPO Lot Size Details

Vishal Mega Mart IPO lot size details are not yet announced. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,820 and the maximum is 13 lots, amounting to be around Rs 1,92,660. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,07,480.

Vishal Mega Mart IPO Promoter Holdings

Vishal Mega Mart IPO promoters are Samayat Services LLP and Kedaara Capital Fund II LLP. The promoters' shareholdings before the IPO were 96.46%; however, after the IPO, shareholdings will decline to 76.02%.

Vishal Mega Mart Limited Company Financials

Vishal Mega Mart Limited posted revenue of Rs 5,053.42 crore and net profit of Rs 254.14 crore for the period ending on 30 Sep 2024. The company’s revenue increased by 17.41% and PAT rose by 43.78% between the FY ending on 31 March 2024 and 31 March 2023.

Vishal Mega Mart IPO Registrar

Vishal Mega Mart IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Vishal Mega Mart IPO Lead Managers

Vishal Mega Mart IPO lead managers 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 Private Limited.

How to apply to Vishal Mega Mart IPO

Interested investors can apply to the Vishal Mega Mart IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Vishal Mega Mart IPO Review

Vishal Mega Mart IPO may get a decent response from the general public. The company is involved in Retail business So, investors interested in the FMCG retail sector can apply to this IPO.

This upcoming IPO is expected to witness low subscription in the last bidding date. Moreover, if the IPO gets a positive response then Vishal Mega Mart IPO GMP will also rise.

Vishal Mega Mart IPO FAQ

1. What are the details of the Vishal Mega Mart IPO?

Vishal Mega Mart IPO new IPO is a book-built issue of Rs 8000 crores. This upcoming IPO is entirely an offer for sale. No fresh issue component is present in the IPO.

2. When will the Vishal Mega Mart IPO open and close?

Vishal Mega Mart IPO open date is Wednesday, 11 December 2024 and closing date is Friday, 13 December 2024. Initiation of refund date is December 17, 2024 and credit of shares will be on 17 December 2024.

3. What is Vishal Mega Mart IPO GMP?

Vishal Mega Mart IPO GMP quotation is around Rs 24 per share. The grey market premium quotation indicates huge interest of retail investors.

You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Vishal Mega Mart IPO GMP might rise in the coming days.

4. What are the details of Vishal Mega Mart IPO Subscription Status?

Vishal Mega Mart IPO subscription status will be available after the IPO opens on 11 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Vishal Mega Mart IPO allotment status will be finalised on Friday, 16 December 2024. The listing will be on the BSE and NSE platforms on Wednesday, 18 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Vishal Mega Mart IPO?

Vishal Mega Mart IPO's registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.

The lead managers 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 Private Limited.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?