Vishal Mega Mart Ltd IPO Opens On December 11. Check IPO Details Issue Date Price

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Vishal Mega Mart Ltd IPO Opens On December 11. Check IPO Details Issue Date Price

December 09, 2024
Vishal Mega Mart Ltd IPO Opens On December 11. Check IPO Details Issue Date Price

Vishal Mega Mart Limited is coming out with a fresh public issue to raise Rs. 8,000 crores from the market.

Below are the details of the Vishal Mega Mart Limited IPO:

  • Issue opens – December 11 (Wednesday)
  • Issue closes – December 13 (Friday)
  • Issue size – Rs. 8,000 crores
  • Price band – Rs. 74 - 78 per equity share
  • Bid lot – 190 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • The Company was originally incorporated as ‘Rishanth Wholesale Trading Pvt Ltd’ at Gurugram on March 26, 2018. The name was changed to ‘Vishal Mega Mart Pvt. Ltd’ on May 28, 2020. Subsequently, the name was changed to ‘Vishal Mega Mart Limited’ on conversion to public limited company in May 2024.
  • Vishal Mega Mart is one stop destination for middle and lower-middle income India. The company offers products across 3 categories, i.e., apparel, general merchandise and fast-moving consumer goods, through a pan-India network of Vishal Mega Mart stores, mobile application and website.
  • The company’s offline channel comprises of 645 stores across 414 cities in India, with an aggregate store area of 11.49 mn square feet, as of September 30, 2024.
  • During the 6 months period ended September 30, 2024, the company opened 35 new stores, while the company closed 26 stores during the period from FY2022 till September 30th, 2024.
  • Vishal Mega Mart is the fastest-growing leading offline-first diversified retailers in India, based on PAT growth between FY 2021 - 2024, and among the 2 leading offline-first diversified retailers in India in terms of same-store sales growth for FY 2024. ? The company’s average payback per store for new stores opened during FY 2023 was 19 months, which isthe shortest store payback period among leading offline[1]first diversified retailers in India.
  • The company was ranked among the three leading offline-first diversified retailers in India, based on retail space as of March 31, 2024.
Issue Size: Rs. 8,000 Cr.

Issue break-up:

QIB - 50 % of the offer - Rs. 4000 Cr
NIB - 15 % of the offer - Rs. 1200 Cr
RET - 35 % of the offer - Rs. 2800 Cr

Listing: BSE & NSE

Registrar: KFin Technologies Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Friday, December 13, 2024.

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