vishal mega mart ipo gmp grey market

Vishal Mega Mart IPO Opens Tomorrow: GMP Rises; Check Dates, Price Band, Reviews:

Vishal Mega Mart(vishal mega mart ipo gmp grey market), a leading supermarket chain, will launch its initial public offering (IPO) on December 11; Should you subscribe?

The initial public offering (IPO) of supermarket chain operator Vishal Mega Mart is set to open for subscription on December 11 and close on December 13. The IPO aims to raise Rs 8,000 crore through an offer for sale (OFS) mechanism.

Vishal Mega Mart, a leading supermarket chain, will launch its initial public offering (IPO) on December 11, with plans to raise Rs 8,000 crore through an offer for sale (OFS) mechanism. The company’s shares are currently trading at a 31% premium in the grey market, with the latest grey market premium (GMP) standing at Rs 24.

Vishal Mega Mart IPO Price Band:(vishal mega mart ipo gmp grey market)

Backed by Kedaara Capital, Vishal Mega Mart has set a price band of Rs 74-78 per equity share for its Rs 8,000 crore IPO, which will close on December 13. The bidding window for anchor investors will open on December 10 and remain open for a day.

The minimum lot size for retail investors is 190 shares, requiring an investment of Rs 14,820. Small non-institutional investors must bid for a minimum of 14 lots, or 2,660 shares, totaling Rs 2.07 lakh. Large non-institutional investors will need to bid for at least 68 lots, or 12,920 shares, amounting to Rs 10.07 lakh.

Vishal Mega Mart IPO: GMP today

The grey market activity signals strong demand, with today’s GMP of Rs 24 indicating a potential listing premium of about 31%.

Vishal Mega Mart IPO: Opening Date, Allotment and Listing Date)vishal mega mart ipo gmp grey market)

The Vishal Mega Mart IPO will open up for public subscription on December 11 with the issue closing on December 13. Meanwhile, the allotment for the IPO is expected to be finalised on December 16.

The shares of Vishal Mega Mart will be listed on both the stock exchanges, BSE and NSE, with a tentative listing date fixed as December 18.

Vishal Mega Mart IPO: Net proceeds

The entire issue of the Vishal Mega Mart IPO is an offer for sale (OFS), which means no proceeds from the issue will go to the company.

About Vishal Mega Mart(vishal mega mart ipo gmp grey market)

Founded in 2001, Vishal Mega Mart is a fashion-centric hypermarket chain with a strong presence across India. The General Merchandise section features home and kitchen appliances alongside travel products, while the Food and Groceries section stocks a range of FMCG items, including personal and household care essentials. In 2018, the company underwent a significant ownership change when Partners Group of Switzerland and India’s Kedaara Capital acquired a mamajority stake. As of September 30, the brand operates 645 franchised stores in 414 cities, encompassing more than 11 million square feet of retail space.

The company currently boasts a market capitalization of Rs 35,168.01 crore. In FY24, the company achieved a year-on-year revenue growth of 17.41%, with its profit after tax soaring by 43.78%.

The public offer is managed by KFin Technologies, appointed as the official registrar. Leading the IPO are Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India, and Morgan Stanley India, ensuring robust management of the process.

Vishal Mega Mart IPO: Grey Market Premium (GMP)

The grey market is showing strong demand for Vishal Mega Mart shares, with the current GMP of Rs 24 signaling a potential listing premium of around 31%. This marks an increase from the Rs 17 GMP seen over the weekend.

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