Vishal Mega Mart IPO: Date, GMP, Price Band, and Key Details
Introduction to Vishal Mega Mart IPO:
Vishal Mega Mart, one of India’s leading hypermarket chains, is all set to launch its Initial Public Offering (IPO) to raise ₹8,000 crore. The Vishal Mega Mart IPO will be an Offer for Sale (OFS) of 102.56 crore shares. Retail and institutional investors eagerly watch this IPO due to the company’s extensive market presence and consistent growth.
Key Vishal Mega Mart IPO Dates:
- Open Date: December 11, 2024
- Close Date: December 13, 2024
- Allotment Finalization: December 16, 2024
- Listing Date: December 18, 2024
Let’s examine the Vishal Mega Mart IPO details, price band, lot size, and other critical aspects in more detail.
Vishal Mega Mart IPO Details:
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | December 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹74 to ₹78 per share |
| Lot Size | 190 Shares |
| Total Issue Size | 1,025,641,025 shares (₹8,000 Cr) |
| Offer for Sale | 1,025,641,025 shares |
| Issue Type | Book Built Issue IPO |
| Listing Exchanges | BSE, NSE |
Vishal Mega Mart IPO Reservation:
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the net issue |
| Retail Investors | Not less than 35% of the net issue |
| NII (HNI) | Not less than 15% of the net issue |
Vishal Mega Mart IPO Lot Size and Investment:
The minimum lot size for the Vishal Mega Mart IPO is 190 shares, with an investment amount of ₹14,820. Below are the investment details for retail and HNI investors:
| Category | Lots | Shares | Investment Amount |
| Retail (Min) | 1 | 190 | ₹14,820 |
| Retail (Max) | 13 | 2,470 | ₹192,660 |
| S-HNI (Min) | 14 | 2,660 | ₹207,480 |
| B-HNI (Min) | 68 | 12,920 | ₹1,007,760 |
Vishal Mega Mart IPO GMP (Grey Market Premium):
The Vishal Mega Mart IPO GMP reflects the current demand in the grey market. Investors closely monitor GMP to gauge listing-day performance. You can check live GMP updates here.
About Vishal Mega Mart
Founded in 2001, Vishal Mega Mart is a household name in India. It caters to middle—and lower-middle-income consumers. The company operates a vast network of 645 stores across 414 cities and boasts 6.77 million registered users on its digital platforms.
Key Offerings of Vishal Mega Mart:
- Apparel: Classics, Fashion, Denim, Ethnic
- General Merchandise: Tandem Home Appliances, Home Select
- FMCG: Staples, Home Care, Savory Products
Strengths of Vishal Mega Mart
- Pan-India Presence: Over 645 stores across 28 states and 2 union territories.
- Consumer-Centric Approach: Loyal customer base and strong market positioning.
- Diverse Portfolio: Wide product range across apparel, FMCG, and home essentials.
- Asset-Light Model: Focused on leasing distribution centers and stores for efficiency.
- Technology-Driven Operations: Systems-enabled management ensures smooth operations.
Financial Performance
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Revenue (₹ Cr) | 5,053.42 | 8,945.13 | 7,618.89 |
| Profit After Tax (₹ Cr) | 254.14 | 461.94 | 321.27 |
| Net Worth (₹ Cr) | 5,923.74 | 5,646.59 | 5,180.84 |
Vishal Mega Mart’s revenue grew by 17.41%, while profits surged by 43.78% between FY 2023 and FY 2024, showcasing a robust financial trajectory.
Why Should You Consider Investing in Vishal Mega Mart IPO?
- Strong Market Position: Ranked as one of India’s top two diversified offline-first retailers.
- Growing Consumer Base: Serving millions of loyal customers nationwide.
- Profitability: Consistent growth in revenue and profits.
- Scalability: The asset-light business model ensures cost efficiency and rapid expansion.
Relevant Articles to learn more about IPO GMP:
- To understand OFS vs IPO, check OFS vs IPO: Key Differences.
- Interested in IPO flipping? Read more here: IPO Flipping Explained.
- Stay updated on GMP trends with our detailed IPO Grey Market Premium guide.
Vishal Mega Mart IPO Timeline (Important Dates):
| Event | Date |
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Allotment Finalization | December 16, 2024 |
| Refund Initiation | December 17, 2024 |
| Shares to Demat | December 17, 2024 |
| Listing Date | December 18, 2024 |
FAQs on Vishal Mega Mart IPO:
1. When will Vishal Mega Mart IPO open?
Vishal Mega Mart IPO opens on December 11, 2024, and closes on December 13, 2024.
2. What is the Vishal Mega Mart IPO price band?
The price band is set between ₹74 to ₹78 per share.
3. What is the minimum investment for retail investors?
Retail investors must invest a minimum of ₹14,820 for 1 lot (190 shares).
4. When is the Vishal Mega Mart IPO listing date?
The IPO is tentatively set to list on December 18, 2024 on the NSE and BSE.
5. What is Vishal Mega Mart IPO GMP?
GMP is the grey market premium. Stay updated on the live GMP here.
Conclusion:
Vishal Mega Mart’s upcoming IPO presents a promising opportunity for investors. With its broad consumer base, pan-India presence, and strong financials, the company stands out as a robust investment choice. Stay tuned for updates on the Vishal Mega Mart IPO GMP and listing performance.
For more insights into IPOs and investments, visit our blog at Tap Invest.
