Vishal Mega Mart IPO 2024: Issue Dates, Price Band, Allotment Process, and Subscription Details

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The Vishal Mega Mart IPO has opened for subscription, creating a lot of excitement among investors. With shares priced between ₹74 to ₹78 per share, this IPO offers a chance to invest in one of India’s leading retail chains. The IPO is set to list on December 18, 2024, and promises to bring significant opportunities for both seasoned investors and first-timers. Here’s a complete guide to the Vishal Mega Mart IPO, including all the essential details, subscription status, Grey Market Premium (GMP), and more!

Vishal Mega Mart IPO: Key Details

InformationDetails
IPO TypeOffer for Sale (OFS)
Total Issue Size₹8,000 crore
Price Band₹74 to ₹78 per share
Lot Size190 shares
Subscription PeriodDecember 11 to December 13, 2024
IPO Allotment DateDecember 16, 2024
Listing DateDecember 18, 2024
Grey Market Premium (GMP)₹19 (as of December 17, 2024)
Stock Exchange ListingNSE and BSE
Official WebsiteVishal Mega Mart Website

Why the Vishal Mega Mart IPO is Generating Buzz

Vishal Mega Mart is a well-established Indian retailer known for its affordable clothing, groceries, and general merchandise. The company has built a loyal customer base with over 600 stores across the country, catering mostly to the middle and lower-middle-class segments. With a solid market presence and a focus on budget-friendly products, Vishal Mega Mart has grown rapidly, making it an attractive investment opportunity.

The ₹8,000 crore IPO is entirely an Offer for Sale (OFS), meaning existing shareholders, notably Samayat Services, will be selling their shares. No fresh shares will be issued. The IPO is priced between ₹74 and ₹78 per share, and investors are required to apply for a minimum of 190 shares. At the upper end of the price band (₹78), the minimum investment is ₹14,820.

Vishal Mega Mart IPO: Subscription Status

As of December 13, 2024, the IPO has seen remarkable demand across various categories:

  • Qualified Institutional Buyers (QIBs): Subscribed 85.11 times
  • Non-Institutional Investors (NIIs): Subscribed 15.02 times
  • Retail Investors (RIIs): Subscribed 2.43 times

These figures demonstrate strong confidence in the company’s future prospects, especially from institutional investors.

Grey Market Premium (GMP)

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