Vishal Mega Mart IPO Details
The Vishal Mega Mart IPO is a book build issue with a total issue size of ₹8000 cr, and a offer for sale of 1025641025 equity shares. Vishal Mega Mart IPO opened for subscription on Dec 11, 2024 and closed on Dec 13, 2024. Vishal Mega Mart IPO is set price band at ₹74 to ₹78 per share, with a lot size of 190 shares. Minimum investment for Retail investors was ₹14,820.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 16, 2024, and listed on both the NSE and BSE on Dec 18, 2024.
Kfin Technologies Limited has been appointed as the registrar. 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 are the Book Running Lead Manager for the issue.
Before investing in the Vishal Mega Mart IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 74 – 78
- Lot Size
- 190
- Issue Size
- ₹8000 Cr
- Minimum Investment
- ₹14820 (190 Shares)
- Listing Date
- 18 December 2024
Current GMP
₹22 (+28.21%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
Address / Contact Info
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
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
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an 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.
The Vishal Mega Mart IPO opens on Wed, Dec 11, 2024 and closes on Fri, Dec 13, 2024
Vishal Mega Mart IPO Price Band is ₹74 to 78 per share.
Vishal Mega Mart IPO lot size is 190 shares, Retail investors need a minimum investment of ₹14820 based on the upper price band
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.
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.
Vishal Mega Mart IPO issue size is ₹8000 crores.
Vishal Mega Mart IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.