Last Updated:
The Vishal Mega Mart IPO opened for subscription between December 11 and December 13
Vishal Mega Mart IPO Allotment Status
Vishal Mega Mart IPO Allotment Status: The allotment for Vishal Mega Mart IPO has been finalised, and investors have begun receiving debit messages from their banks. Those awaiting confirmation can check their allotment status online via the BSE, NSE, or the registrar Kfin Technologies’ portal.
The Vishal Mega Mart IPO, which opened for subscription between December 11 and December 13, witnessed robust demand, being oversubscribed 28.75 times. The listing is set to take place on both the BSE and NSE on Wednesday, December 18.
Vishal Mega Mart IPO Subscription Details:
The IPO, priced within a range of Rs 74 to Rs 78 per share, drew immense investor interest across categories:
- Retail Investors: 2.43 times subscription
- Non-Institutional Investors (NII): 15.01 times subscription
- Qualified Institutional Buyers (QIB): An impressive 85.11 times subscription
Vishal Mega Mart GMP Today:
As per the latest updates, Vishal Mega Mart’s unlisted shares are trading at Rs 98.5 in the grey market, reflecting a premium of Rs 20.50 or 26.28% over the upper IPO price of Rs 78. This GMP has steadily climbed from an initial 20.51%, mirroring strong investor sentiment. However, market experts caution that GMP trends are indicative and not a guaranteed predictor of listing performance.
How to Check Vishal Mega Mart IPO Allotment Status?
To verify IPO allotment status, investors can follow these simple steps:
On BSE Website:
- Visit BSE IPO Allotment Status.
- Select ‘Equity’ under the issue type.
- Choose ‘Vishal Mega Mart Ltd’ from the dropdown menu.
- Enter your application number or PAN details.
- Complete the CAPTCHA and click on ‘Search’.
On Kfin Technologies Portal:
- Visit Kfin IPO Status Page.
- Enter the required details to view the allotment status.
IPO Structure and Key Details:
Vishal Mega Mart’s IPO is entirely an Offer-for-Sale (OFS) by its promoter, Kedaara Capital-led Samayat Services LLP, with no fresh issue of shares. Ahead of the IPO, the company raised Rs 2,400 crore from anchor investors, reflecting strong institutional interest.
Key IPO Dates:
Allotment Finalisation: December 16, 2024
Vishal Mega Mart IPO Listing Date
Listing Date: December 18, 2024
Lead Managers:
The IPO is managed by top book-running lead managers, including Kotak Mahindra Capital Company, ICICI Securities, Jefferies India, JPMorgan India, Morgan Stanley India, and Intensive Fiscal Services.
Investor Outlook:
With strong subscription numbers, a promising GMP, and Vishal Mega Mart’s solid presence in the retail market, investors remain optimistic about its listing performance. As December 18 approaches, all eyes are on the Gurugram-based retail giant’s stock market debut.
About Vishal Mega Mart:
A key player in India’s retail sector, Vishal Mega Mart operates across three major categories: Apparel, General Merchandise, and Fast-Moving Consumer Goods (FMCG). As of June 30, 2024, the company boasts 626 stores nationwide, with a robust omnichannel presence through its mobile app and e-commerce platform.
