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Vishal Mega Mart’s unlisted shares are trading in the grey market at Rs 97, reflecting a premium of Rs 19 or 24.36 per cent above the upper IPO price of Rs 78, signalling a decent listing gain for investors.
Vishal Mega Mart IPO.
Vishal Mega Mart IPO Allotment Status, GMP: The IPO of Vishal Mega Mart Ltd is poised for key milestones, with the allotment finalisation set for Monday, December 16, and the listing on both the BSE and NSE scheduled for Wednesday, December 18. Here’s everything you need to know about the IPO.
The Vishal Mega Mart IPO, open for subscription from December 11 to December 13, garnered a total subscription of 28.75 times. The breakdown of the subscription categories is as follows:
- Retail Investors: Subscribed 2.43 times.
- Non-Institutional Investors (NII): Subscribed 15.01 times.
- Qualified Institutional Buyers (QIB): Subscribed an impressive 85.11 times.
The IPO price band was set at Rs 74 to Rs 78 per share, drawing considerable interest across all categories.
Vishal Mega Mart IPO GMP Today
As of today, Vishal Mega Mart’s unlisted shares are trading in the grey market at Rs 97, reflecting a premium of Rs 19 or 24.36 per cent above the upper IPO price of Rs 78. The GMP has shown steady growth, increasing from the 20.51 per cent recorded at the IPO’s outset. While grey market premiums are indicative of market sentiment, they can fluctuate and are not guaranteed predictors of listing performance.
Vishal Mega Mart IPO Allotment and Listing Dates
Investors eagerly awaiting their allotment can expect confirmation by the evening of December 16. Successful applicants will receive a debit message from their banks. Shares will debut on the BSE and NSE on December 18, marking an important step for the Gurugram-based supermart chain.
Vishal Mega Mart IPO: A Step-By-Step Guide To Check Allotment Status Online
To check the allotment status for Vishal Mega Mart IPO, follow these steps:
1. Visit the official BSE portal: (https://www.bseindia.com/investors/appli_check.aspx).
2. Select ‘Equity’ under ‘Issue Type’.
3. Choose ‘Vishal Mega Mart Ltd’ from the dropdown.
4. Enter your application number or PAN details.
5. Complete the CAPTCHA and click ‘Search’.
Alternatively, allotment details can also be accessed via Kfin Technologies’ portal: (https://ipostatus.kfintech.com/).
Vishal Mega Mart IPO: Structure and Key Details
Unlike many other IPOs, Vishal Mega Mart’s public issue is entirely an offer-for-sale (OFS) by its promoter, Kedaara Capital-led Samayat Services LLP. The company raised Rs 2,400 crore from anchor investors a day before the IPO launch, reflecting strong institutional confidence.
Vishal Mega Mart is a leading name in India’s retail segment, offering a diverse range of products across three primary categories: Apparel, General Merchandise, and Fast-Moving Consumer Goods (FMCG).
As of June 30, 2024, the company operates 626 stores nationwide, supplemented by its mobile app and e-commerce website, ensuring a strong omnichannel presence.
The IPO is managed by prominent book-running lead managers, including Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JPMorgan India, Morgan Stanley India.
Conclusion
The Vishal Mega Mart IPO has generated significant buzz with its robust subscription numbers and decent GMP. As the allotment and listing dates approach, investors are optimistic about the company’s potential in the retail market.
