Vishal Mega Mart Limited has launched its IPO, which opens for subscription on December 11, 2024 and closes on December 13, 2024. This is a mainboard IPO with an offer for the sale of 102.56 crore shares, aggregating up to ₹8,000 crores. The IPO allotment is expected on December 16, 2024, with the IPO listing date scheduled for December 18, 2024, on BSE and NSE. The price band for the Vishal Mega Mart IPO is ₹74 to ₹78 per share, and the minimum IPO lot size is 190 shares.
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Vishal Mega Mart Limited IPO IPO (Tentative Timeline)
Here is a brief table that shows the key details of Vishal Mega Mart Limited IPO:
| Key Detail | Information |
| IPO Opening Date | December 11, 2024 |
| IPO Closing Date | December 13, 2024 |
| Listing Date | December 18, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹74 to ₹78 per share |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Minimum Order Quantity | 190 Shares |
| Total Issue Size | 1,025,641,025 Shares (₹8,000 Cr) |
| IPO Segment | Book Built Issue IPO |
| Book Running Lead Managers | Kotak Mahindra Capital Co. Ltd., ICICI Securities, and others |
| Registrar | Kfin Technologies Pvt Ltd |
Brief Overview of Vishal Mega Mart Limited
Vishal Mega Mart, started in 2001, is a large chain of stores that sells different products like clothes, groceries, electronics, and household items. The items they offer include clothing, home decor, kitchen appliances, food, and more. Vishal Mega Mart has 645 stores across India and also has a mobile app and website. Their stores are located in 414 cities across 28 states and two union territories.
Vishal Mega Mart follows a business model where they lease the space for their stores and warehouses instead of owning them. They get their products from third-party companies that make or supply them.
Vishal Mega Mart IPO: Key Details
- Vishal Mega Mart Limited IPO Launch Date: December 11, 2024
- Vishal Mega Mart Limited IPO Closing Date: December 13, 2024
- Vishal Mega Mart Limited IPO Allotment Date: December 16, 2024
- Vishal Mega Mart Limited IPO Price Band: ₹74 to ₹78 per share
- Vishal Mega Mart Limited IPO Lot Size: 190 shares
- Vishal Mega Mart Limited IPO Face Value: ₹10 per share
- Vishal Mega Mart Limited IPO Listing Date: December 18, 2024
Vishal Mega Mart Limited: Financial Overview
Vishal Mega Mart Limited has shown growth in revenue and profit over the past few years. For example, its revenue increased by 17.41% and profit after tax (PAT) rose by 43.78% between March 31, 2023, and March 31, 2024.
| Year | Assets (₹ Crore) | Revenue (₹ Crore) | Profit After Tax (₹ Crore) | Net Worth (₹ Crore) | Reserves and Surplus (₹ Crore) |
| 30 Sep 2024 | 9,551.75 | 5,053.42 | 254.14 | 5,923.74 | 1,390.27 |
| 31 Mar 2024 | 8,506.08 | 8,945.13 | 461.94 | 5,646.59 | 1,113.12 |
| 31 Mar 2023 | 8,288.91 | 7,618.89 | 321.27 | 5,180.84 | 649.50 |
| 31 Mar 2022 | 8,217.98 | 5,653.85 | 202.77 | 4,849.93 | 321.88 |
Vishal Mega Mart IPO Reservation
- QIB: Not more than 50% of the net offer
- Retail: Not less than 35%
- NII (HNI): Not less than 15%
FAQs – Vishal Mega Mart IPO
Vishal Mega Mart Limited is a leading hypermarket chain offering a wide range of products like apparel, groceries, electronics, and home essentials.
The IPO opens on December 11, 2024, and closes on December 13, 2024.
The minimum lot size is 190 shares.
The allotment date is expected to be December 16, 2024.
You can check the allotment status on Kfin Technologies Limited’s website.
The price band is ₹74 to ₹78 per share.
The listing date is tentatively scheduled for December 18, 2024.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.