Vishal Mega Mart IPO: ₹8000 Crore Offer, Lot Size, Subscription Dates and Everything Investors Need to Know

The Vishal Mega Mart IPO is generating a lot of buzz in the stock market as this popular supermarket chain prepares to launch its Initial Public Offering. Investors eager to explore this opportunity will be looking for all the details on the IPO date, share price, subscription process, and more. If you're considering subscribing to the Vishal Mega Mart IPO, this article provides all the essential information to help you make an informed decision.

The Vishal Mega Mart IPO is set to open for subscription on December 11, 2024, and will close on December 13, 2024. The retail chain, known for its wide range of products targeting middle and lower-middle-income customers, is offering a whopping ₹8,000 crore through this IPO. However, it's important to note that this will be an Offer For Sale (OFS), which means the company will not receive any funds raised through this offering. Instead, the funds will go to the selling shareholders.

Price Band and Share Price of Vishal Mega Mart IPO

The price band for the Vishal Mega Mart IPO has been set between ₹74 to ₹78 per share. For investors looking to participate, the minimum investment required for one lot of 190 shares would be ₹14,820, based on the highest price in the range. The shares will be offered in multiples of 190 shares thereafter.

Visha Mega Mart IPO Subscription Details and Important Dates

The bidding for anchor investors is scheduled to begin on December 10, 2024, just one day before the general public subscription starts. The subscription period will run from December 11 to December 13, 2024. The basis of allotment for the shares will be finalised by December 16, 2024, with shares expected to be listed on both the NSE and BSE on December 18, 2024.

Who Owns Vishal Mega Mart?

Vishal Mega Mart, which operates over 600 stores across India, is primarily owned by Samayat Services LLP, which holds a substantial 96.55% stake in the company. This ownership structure plays a key role in the upcoming IPO, which will be entirely an Offer for Sale (OFS).

Subscription Process of Vishal Mega Mart IPO

Interested investors can place bids for the Vishal Mega Mart IPO starting with a single lot of 190 shares. Bids can be placed through various channels, including the ASBA (Applications Supported by Blocked Amount) system or through online trading platforms. Investors need to ensure they have the required funds blocked in their accounts for the minimum investment.

What Does Vishal Mega Mart Offer?

Vishal Mega Mart is a prominent retail chain in India catering primarily to middle and lower-middle-income consumers. The chain offers a variety of products, including its own private labels as well as popular third-party brands. Categories sold at Vishal Mega Mart stores include general merchandise, clothing, and fast-moving consumer goods (FMCG). As of the second quarter of FY25, the company had 645 stores across India, with further expansion plans in the pipeline. The company also serves customers through its mobile app and website, offering an online shopping experience.

Market Outlook and Future Prospects for Vishal Mega Mart

India's retail market, especially for middle and lower-middle-income groups, is growing rapidly. In 2023, the market was valued at ₹68-72 trillion, and according to a Redseer report, it is expected to grow at an annual rate of 9%, reaching ₹104-112 trillion by 2028. With this growth trajectory, Vishal Mega Mart is well-positioned to benefit from the increasing demand for affordable, everyday products. Investors should consider the company's future prospects when evaluating the potential of the Vishal Mega Mart IPO.

Key Takeaways on the Vishal Mega Mart IPO

• IPO Date: Opens on December 11, 2024, and closes on December 13, 2024.
• Price Band: ₹74 to ₹78 per share.
• Minimum Investment: ₹14,820 for a single lot of 190 shares.
• Subscription: Starts for anchor investors on December 10, with the general subscription period running from December 11 to December 13.
• Listing Date: Shares to be listed on NSE and BSE on December 18, 2024.
• Ownership: 96.55% stake held by Samayat Services LLP.
• Growth Potential: Positioned to benefit from India's growing retail market.

With all these details in mind, investors can now make an informed decision about whether the Vishal Mega Mart IPO aligns with their investment goals. As always, ensure to perform due diligence before proceeding with any IPO subscription.

Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)