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
| Information | Details |
|---|---|
| IPO Type | Offer for Sale (OFS) |
| Total Issue Size | ₹8,000 crore |
| Price Band | ₹74 to ₹78 per share |
| Lot Size | 190 shares |
| Subscription Period | December 11 to December 13, 2024 |
| IPO Allotment Date | December 16, 2024 |
| Listing Date | December 18, 2024 |
| Grey Market Premium (GMP) | ₹19 (as of December 17, 2024) |
| Stock Exchange Listing | NSE and BSE |
| Official Website | Vishal 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)
सम्बंधित ख़बरें
As of December 17, 2024, the Grey Market Premium (GMP) for Vishal Mega Mart shares stands at ₹19. This suggests a potential listing gain of around 24.36% from the issue price, which adds to the excitement among investors.
Why Should You Consider Investing in Vishal Mega Mart IPO?
Here are a few reasons why this IPO could be a great addition to your portfolio:
- Strong Market Presence
With over 600 stores across India, Vishal Mega Mart has a significant footprint, making it one of the leading retail brands in the country. Its focus on affordability has attracted a large, loyal customer base. - Growth of Organized Retail
The Indian retail sector is growing rapidly, driven by urbanization and a shift towards organized retail. Vishal Mega Mart is well-positioned to leverage this trend and expand its market share. - Solid Financial Performance
The company has shown consistent growth in both revenue and profit, backed by its operational efficiency and cost-effective business model. - High Investor Demand
The impressive subscription numbers suggest strong investor interest, indicating confidence in the company’s future growth.
How to Apply for Vishal Mega Mart IPO?
To apply for the Vishal Mega Mart IPO, follow these simple steps:
- Open a Demat Account
Ensure you have an active Demat and trading account with a registered stockbroker. - Visit the IPO Section
Log into your trading platform and navigate to the IPO section. - Select Vishal Mega Mart IPO
Choose the Vishal Mega Mart IPO from the available list and fill in the required details, including lot size, price, and quantity. - Make Payment
Pay for the shares using UPI or other available payment methods. - Submit and Confirm
Review your application and confirm your order.
FAQs about Vishal Mega Mart IPO
- What is the issue size of the Vishal Mega Mart IPO?
The total issue size is ₹8,000 crore, entirely through an Offer for Sale (OFS). - What is the price band for the IPO?
The price band is ₹74 to ₹78 per share. - When is the listing date for the Vishal Mega Mart IPO?
The shares are scheduled to list on December 18, 2024, on both NSE and BSE. - What is the Grey Market Premium (GMP) for the IPO?
As of December 17, 2024, the GMP is ₹19 per share. - How can I apply for the Vishal Mega Mart IPO?
You can apply through your stockbroker’s platform or UPI-enabled applications.
This IPO offers a compelling opportunity for those looking to invest in a rapidly growing retail brand with a strong market position. However, as with any investment, it’s important to conduct thorough research and consult with financial advisors before making any decisions.