Vishal Mega Mart IPO
GMP, Subscription, Price, Dates & Financial Details
Vishal Mega Mart Limited is a leading retail chain in India, serving the middle and lower-middle-income segments. It offers a diverse range of products, including apparel, general merchandise, and fast-moving consumer goods, through its extensive network of 645 stores (as of September 30, 2024) and…
Open Date
Wed, 11 Dec 2024
Close Date
Fri, 13 Dec 2024
Price Band
₹ 74 – 78
Lot Size
190
Issue Size
₹ 8,000.00 Cr
Minimum Investment
₹ 14,820 (190 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Vishal Mega Mart IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹8,000.00 Crore and an offer for sale (OFS) of 102.56 Crore equity shares aggregating to ₹8,000.00 Crore by the existing shareholders.
The Vishal Mega Mart IPO remained open for subscription from December 11, 2024, to December 13, 2024. The basis of allotment was finalized on December 16, 2024, and the company's shares were listed on the NSE and BSE on December 18, 2024.
The company had fixed the price band at ₹74 to ₹78 per share, with a lot size of 190 shares. Retail investors were required to make a minimum investment of ₹14,820 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. J.P. Morgan India Private Limited, Jefferies India Private Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Kotak Mahindra Capital Company Limited, and Morgan Stanley India Company Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Vishal Mega Mart Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Vishal Mega Mart IPO Timeline (Tentative)
- IPO Open Date
- Wed, 11 Dec 24
- IPO Close Date
- Fri, 13 Dec 24
- Basis of Allotment
- Mon, 16 Dec 24
- Initiation of Refunds
- Tue, 17 Dec 24
- Credit of Shares to Demat
- Tue, 17 Dec 24
- Listing Date
- Wed, 18 Dec 24 — NSE & BSE
Open Date
11 December 2024
Close Date
13 December 2024
Basis Of Allotment
16 December 2024
Listing Date
18 December 2024
IPO Subscription
Check Live Subscription →The Vishal Mega Mart IPO has received bids for 20,64,25,23,020 shares against 75,67,56,757 shares offered, resulting in an overall subscription of 27.28x. the NII category is subscribed 14.25x, Retail Investors 2.31x, and QIBs 80.75x. Within the NII category, BNII is subscribed 16.45x, while SNII is subscribed 9.84x.
QIB
80.75x
NII
14.25x
BNII
16.45x
SNII
9.84x
RII
2.31x
Total
27.28x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 37,83,78,379 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 21,62,16,215 shares (0%), while Non-Institutional Investors (NIIs) receive 16,21,62,163 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 307,692,307 | 0% |
| Qualified Institutions | 216,216,215 | 0% |
| Non-Institutional | 162,162,163 | 0% |
| BNII | 108,108,109 | 0% |
| SNII | 54,054,054 | 0% |
| Retail Investors | 378,378,379 | 0% |
| Total | 1,064,449,064 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 9551.75 | 8506.08 | 8288.91 | 8217.98 |
| Revenue | 5053.42 | 8945.13 | 7618.89 | 5653.85 |
| Profit After Tax | 254.14 | 461.94 | 321.27 | 202.77 |
| Net Worth | 5923.74 | 5646.59 | 5180.84 | 4849.93 |
| Reserve & Surplus | 1390.27 | 1113.12 | 649.5 | 321.88 |
| Total Borrowings | 0 | 0 | 133.5 | 497.41 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Vishal Mega Mart Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROCE % | 68.76 |
| RoNW % | 8.18 |
| PbW | 6.23 |
| Pat Margin % | 5.18 |
Peers Comparison
No Peer Comparision Available
About Vishal Mega Mart Limited
Vishal Mega Mart Limited is a leading retail chain in India, serving the middle and lower-middle-income segments. It offers a diverse range of products, including apparel, general merchandise, and fast-moving consumer goods, through its extensive network of 645 stores (as of September 30, 2024) and its mobile app and website. Vishal Mega Mart is recognized as one of the top offline-first diversified retailers in India, with significant growth in profit after tax and same-store sales.
The company targets India's growing middle-income household market, which has increased significantly due to economic development, urbanization, and the shift to a manufacturing and services economy. The aspirational retail market, focusing on quality and affordability, is expected to grow substantially, providing a significant opportunity for Vishal Mega Mart.
Vishal Mega Mart operates with a hub-and-spoke distribution model, including a central distribution center, one distribution center, and 17 regional centers to manage inventory and quickly replenish stores, particularly in apparel. The company uses an asset-light business model, leasing stores and distribution centers, and sourcing products from third-party vendors or brands. As of September 2024, two stores operate under third-party franchise agreements.
The company is committed to inclusivity and sustainability, employing differently-abled individuals and implementing eco-friendly measures like reducing cardboard use and offering shampoo refills at stores.
Vishal Mega Mart's management team is led by Gunender Kapur, its Managing Director and CEO, who has over 41 years of experience in the consumer and retail sectors. The company boasts an experienced leadership team with an average of 21 years in retail and consumer industries.
Strengths
- Serving a Large and Growing Section of the Indian Population
- Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base
- Diverse and Growing Portfolio of Own Brands across Product Categories
- Pan-India Presence with a Track Record of Successful Store Growth
- Technology Enabled and Systems Driven Operations
- Professional and Experienced Management Team
- Track Record of Delivering Revenue, Profit Growth and Capital Efficiency
Vishal Mega Mart IPO Promoters
- Samayat Services LLP
- Kedaara Capital Fund II LLP
Promoters Holding
Holding Pre Issue
96.46%
Holding Post Issue
76.02%
Vishal Mega Mart IPO Objective
The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.
Vishal Mega Mart Limited Address / Contact Details
Vishal Mega Mart Limited
Plot No. 184, Fifth Floor
Platinum Tower, Udyog Vihar
Phase-1 Gurugram 122016
Haryana, India
Phone: +91 124 - 4980000
Email: secretarial@vishalwholesale.co.in
Website: https://www.aboutvishal.com/
IPO Snapshot
Vishal Mega Mart IPO Lot Size
The Vishal Mega Mart IPO has a lot size of 190 shares. Retail investors require a minimum investment of ₹14,820 by applying for 1 lot (190 shares). The maximum application allowed for the retail category is 13 lots (2,470 shares), requiring an investment of ₹1,92,660.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 190 | 14,820.00 |
| Retail (Max) | 13 | 2,470 | 192,660.00 |
| S-HNI (Min) | 14 | 2,660 | 207,480.00 |
| S-HNI (Max) | 67 | 12,730 | 992,940.00 |
| B-HNI (Min) | 68 | 12,920 | 1,007,760.00 |
Issue Reservation
Book Running Lead Managers
- J.P. Morgan India Private Limited
- Jefferies India Private Limited
- ICICI Securities Limited
- Intensive Fiscal Services Private Limited
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Vishal Mega Mart IPO?
Vishal Mega Mart IPO is a Book-building IPO with a total issue size of ₹8000 crore. The Vishal Mega Mart IPO price band is ₹74 to 78 per share. The Vishal Mega Mart IPO subscription opens on Wed, Dec 11, 2024, and closes on Fri, Dec 13, 2024. The Vishal Mega Mart IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Vishal Mega Mart IPO.
When will the Vishal Mega Mart IPO open for subscription?
The Vishal Mega Mart IPO opens on Wed, Dec 11, 2024 and closes on Fri, Dec 13, 2024
What is Vishal Mega Mart IPO Price Band?
Vishal Mega Mart IPO Price Band is ₹74 to 78 per share.
What is Vishal Mega Mart IPO Lot Size?
Vishal Mega Mart IPO lot size is 190 shares, Retail investors need a minimum investment of ₹14820 based on the upper price band
What is the minimum investment for Vishal Mega Mart IPO?
The minimum investment for Vishal Mega Mart IPO is ₹14820, based on one lot of 190 shares at the upper price band of ₹78 per share.
How to apply for Vishal Mega Mart IPO?
Investors can apply for the Vishal Mega Mart IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 13, 2024. The application amount remains blocked until the Vishal Mega Mart IPO allotment is finalized.
What is Vishal Mega Mart IPO Issue Size?
Vishal Mega Mart IPO issue size is ₹8000 crores.
What is the Vishal Mega Mart IPO Allotment Date?
Vishal Mega Mart IPO allotment date is Mon, Dec 16, 2024.
Who is the Vishal Mega Mart IPO Registrar?
The registrar for Vishal Mega Mart IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Vishal Mega Mart IPO allotment status, refund processing, and other IPO-related information.
What is the Vishal Mega Mart IPO GMP?
The Vishal Mega Mart IPO GMP (Grey Market Premium) is ₹22 as of Wed, Dec 18, 2024. Based on the upper price band of ₹78 per share, the estimated Vishal Mega Mart IPO listing price is ₹100, indicating a potential listing gain of approximately 28.21% over the issue price.
Who is the Vishal Mega Mart IPO Lead Manager?
The book-running lead managers (BRLMs) for the Vishal Mega Mart IPO are J.P. Morgan India Private Limited, Jefferies India Private Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Kotak Mahindra Capital Company Limited, and Morgan Stanley India Company Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Vishal Mega Mart IPO Red Herring Prospectus (RHP).