- IPO Details: Vishal Mega Mart IPO will open from December 11, 2024, and close on December 13, 2024.
- Price Band: ₹74 to ₹78 per share, with a minimum lot size of 190 shares.
- Issue Size: ₹8,000 crore through an Offer for Sale of 1,025.64 crore shares.
- Listing: The shares will be listed on BSE and NSE, with a tentative listing date of December 18, 2024.
- Business Model: The company operates through an asset-light model, targeting middle-income groups with affordable products across categories.
- Strong Financials: Vishal Mega Mart's revenue grew by 17.41%, and PAT increased by 43.78% in FY24 compared to FY23.
Vishal Mega Mart Limited is gearing up for its Initial Public Offering (IPO), which is set to open for subscription on December 11, 2024, and close on December 13, 2024. This is a book-built issue IPO entirely comprising an Offer for Sale (OFS) of 1,025.64 crore shares worth ₹8,000 crore. The IPO’s price band is set at ₹74-₹78 per share, and the shares will be listed on the BSE and NSE with a tentative listing date of December 18, 2024.
Vishal Mega Mart IPO Highlights
| Particulars | Details |
|---|---|
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹74 – ₹78 per share |
| Lot Size | 190 shares |
| Aggregate Issue Size | ₹8,000 crore |
| Total Shares Offered | 1,025,641,025 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Vishal Mega Mart IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open Date | Wednesday, December 11, 2024 |
| IPO Close Date | Friday, December 13, 2024 |
| Basis of Allotment | Monday, December 16, 2024 |
| Initiation of Refunds | Tuesday, December 17, 2024 |
| Credit of Shares to Demat | Tuesday, December 17, 2024 |
| Listing Date | Wednesday, December 18, 2024 |
| Cut-off for UPI Mandate | 5 PM on December 13, 2024 |
Vishal Mega Mart IPO Reservation Details
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIBs) | Not more than 50% of the net offer |
| Retail Individual Investors (RIIs) | Not less than 35% of the net offer |
| Non-Institutional Investors (NIIs) | Not less than 15% of the net offer |
Vishal Mega Mart IPO Lot Size and Investment Details
| Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail (Min) | 1 | 190 | ₹14,820 |
| Retail (Max) | 13 | 2,470 | ₹1,92,660 |
| sNII (Min) | 14 | 2,660 | ₹2,07,480 |
| sNII (Max) | 67 | 12,730 | ₹9,92,940 |
| bNII (Min) | 68 | 12,920 | ₹10,07,760 |
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About Vishal Mega Mart Limited
Established in 2001, Vishal Mega Mart is a leading hypermarket chain across India. With a strong network of 645 stores in 414 cities (as of September 30, 2024), the company caters to middle- and lower-middle-income groups through its asset-light business model. Vishal Mega Mart also provides an extensive online presence via its website and mobile app.
The company’s offerings include:
- Apparel: Wide range of clothing for men, women, and kids.
- General Merchandise: Electronics, travel accessories, and kitchen appliances.
- FMCG Products: Staples, food, and non-food items.
Objects of the Issue
The Vishal Mega Mart IPO is entirely an Offer for Sale (OFS), which means the company will not gain any funds from this offering. Instead, the proceeds will go to the Promoter Selling Shareholder after covering their share of expenses related to the offer and applicable taxes.
Financial Overview
Vishal Mega Mart has shown consistent growth over the years, with a significant increase in both revenue and profitability.
| Financial Year | Revenue (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) | Reserves (₹ Cr) |
|---|---|---|---|---|---|
| FY24 (Sep) | 5,053.42 | 254.14 | 9,551.75 | 5,923.74 | 1,390.27 |
| FY24 (Mar) | 8,945.13 | 461.94 | 8,506.08 | 5,646.59 | 1,113.12 |
| FY23 | 7,618.89 | 321.27 | 8,288.91 | 5,180.84 | 649.50 |
| FY22 | 5,653.85 | 202.77 | 8,217.98 | 4,849.93 | 321.88 |
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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