Vishal Mega Mart (VMM), a prominent player in India’s retail sector, is set to launch its Initial Public Offering (IPO) with a book-built issue size of ₹8,000 crore. The IPO opens for subscription on December 11, 2024, and closes on December 13, 2024. The allotment date for the IPO is Monday, December 16, 2024.
VMM IPO Listing date is Wednesday, December 18, 2024.
VMM’s IPO price band is set at ₹74 to ₹78 per share. The minimum lot size for an application is 190 Shares.
Vishal Mega Mart IPO Details and Date
Event | Date/Details |
---|---|
IPO Open Date | Wednesday, December 11, 2024 |
IPO Close Date | Friday, December 13, 2024 |
Basis of Allotment | Monday, December 16, 2024 |
Initiation of Refunds | Tuesday, December 17, 2024 |
Credit of Shares to Demat | Tuesday, December 17, 2024 |
Listing Date | Wednesday, December 18, 2024 |
Cut-off Time for UPI Mandate Confirmation | 5 PM on December 13, 2024 |
Face Value | ₹10 per share |
Price Band | ₹74 to ₹78 per share |
Lot Size | 190 Shares |
Total Issue Size | 1,025,641,025 shares (aggregating up to ₹8,000.00 Cr) |
Offer for Sale | 1,025,641,025 shares of ₹10 (aggregating up to ₹8,000.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Shareholding Pre-Issue | 4,508,719,493 |
Shareholding Post-Issue | 4,508,719,493 |
Vishal Mega Mart IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 190 | ₹14,820 |
Retail (Max) | 13 | 2470 | ₹192,660 |
S-HNI (Min) | 14 | 2,660 | ₹207,480 |
S-HNI (Max) | 67 | 12,730 | ₹992,940 |
B-HNI (Min) | 68 | 12,920 | ₹1,007,760 |
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Vishal Mega Mart IPO Reservation
Vishal Mega Mart IPO offers 1,02,56,41,026 equity shares, allocated across various investor categories. Qualified Institutional Buyers (QIB) receive 20,51,28,206 shares (20%), while Non-Institutional Investors (NII) are allotted 15,38,46,154 shares (15%). Among the NII category, Big NIIs investing more than ₹10 lakh receive 10,25,64,103 shares (10%), while Small NIIs investing less than ₹10 lakh are allotted 5,12,82,051 shares (5%).
Retail Individual Investors (RII) are assigned 35,89,74,359 shares (35%), and Anchor Investors receive 30,76,92,307 shares (30%). The maximum number of allottees includes 38,557 for Big NIIs, 19,278 for Small NIIs, and 18,89,338 for Retail Investors, with no specified maximum for QIB and Anchor Investors.
About Vishal Mega Mart Limited
Established in 2001, Vishal Mega Mart is one of India’s top hypermarket chains, offering products like apparel, groceries, electronics, and home essentials. It combines in-house and third-party brands to meet everyday consumer needs.
The company’s product range includes clothing, home furnishings, travel accessories, kitchen appliances, packaged foods, and staples, ensuring quality at competitive prices.
Targeting middle and lower-middle-income households, Vishal Mega Mart operates 645 stores in 414 cities across 28 states and two union territories as of September 30, 2024. Its mobile app and website further enhance shopping convenience nationwide.
With its vast retail network and diverse offerings, Vishal Mega Mart remains a trusted destination for millions of customers across India.
Vishal Mega Mart Limited Financial Information
Vishal Mega Mart Limited’s revenue increased by 17.41% and profit after tax (PAT) rose by 43.78% between the financial year ending with March 31, 2024 and March 31, 2023. The market capitalization of Vishal Mega Mart IPO is Rs 35168.01 Cr. Avenue Supermarts Ltd and Trent Ltd. is the Peer company of Vishal Mega Mart.
Vishal Mega Mart IPO Objectives
The proceeds from the Offer for Sale will go entirely to the Promoter Selling Shareholder after deducting expenses and taxes. Vishal Mega Mart will not receive any funds, ensuring its operational capital remains unaffected.
This approach reflects standard market practices, maintaining transparency and compliance with financial regulations.
Vishal Mega Mart Limited Contact Details
Plot No. 184,
Fifth Floor Platinum Tower,
Udyog Vihar Phase-1 Gurugram 122016
Phone: +91 124 – 4980000
Email: secretarial@vishalwholesale.co.in
Website: https://www.aboutvishal.com/
Vishal Mega Mart IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vmm.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Vishal Mega Mart IPO Lead Manager(s)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
- ICICI Securities Limited (Past IPO Performance)
- Intensive Fiscal Services Private Limited (Past IPO Performance)
- Jefferies India Private Limited (Past IPO Performance)
- J.P. Morgan India Private Limited (Past IPO Performance)
- Morgan Stanley India Company Pvt Ltd (Past IPO Performance)