The Vishal Mega Mart IPO is structured as a book-built issue amounting to Rs 8,000.00 crores, entirely comprising an offer for the sale of 102.56 crore shares.
The subscription period for the Vishal Mega Mart IPO is scheduled to begin on December 11, 2024, and end on December 13, 2024. The allotment is expected to be finalized on Monday, December 16, 2024, with the listing planned on BSE and NSE. The tentative listing date has been set for Wednesday, December 18, 2024.
The price band for the Vishal Mega Mart IPO has been determined at ₹74 to ₹78 per share. The minimum application lot size is 190 shares, requiring a minimum investment of ₹14,820 by retail investors. For sNII investors, the minimum investment is set at ₹207,480 for 14 lots (2,660 shares), while bNII investors need to invest a minimum of ₹1,007,760 for 68 lots (12,920 shares).
Get the Vishal Mega Mart IPO RHP for detailed information.
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | December 18, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 74 to ₹ 78 / Share |
| Lot Size | 190 Shares |
| Total Issue Size | ₹8,000.00 Cr |
| Fresh Issue | |
| Offer for Sale | ₹8,000.00 Cr |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,508,719,493 |
| Share holding post issue | 4,508,719,493 |
| Market Maker portion |
Vishal Mega Mart Limited IPO opens on December 11, 2024, and closes on December 13, 2024.
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Basis of Allotment | December 16, 2024 |
| Initiation of Refunds | December 17, 2024 |
| Credit of Shares to Demat | December 17, 2024 |
| Listing Date | December 18, 2024 |
| Cut-off time for UPI mandate confirmation | December 13, 2024 |
Bids for a minimum of 190 shares, and in multiples of 190 shares thereafter, are allowed. The table below illustrates the minimum and maximum investment requirements for retail investors and HNIs in terms of both shares and the corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 190 | Rs.14,820 |
| Retail (Max) | 13 | 2,470 | Rs.192,660 |
| S-HNI (Min) | 14 | 2,660 | Rs.207,480 |
| S-HNI (Max) | 67 | 12,730 | Rs.992,940 |
| B-HNI (Min) | 68 | 12,920 | Rs.1,007,760 |
| HNI (Min) |
| Share Holding Pre Issue | 96.46% |
| Share Holding Post Issue | 76.02% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 2001, Vishal Mega Mart is recognized as a hypermarket chain offering a diverse range of products, including apparel, groceries, electronics, and home essentials.
A wide variety of products, including apparel, general merchandise, and FMCG items, is offered by the company under both its own brands and third-party brands, catering to everyday consumer needs. The portfolio encompasses clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples.
Targeting middle and lower-middle-income segments, the company serves customers through a Pan India network of 645 Vishal Mega Mart stores, as well as its mobile app and website, as of September 30, 2024. Its operations span 414 cities across 28 states and two union territories.
Operating on an asset-light business model, all distribution centers and stores are leased by the company, while products are either sourced from third-party brands or manufactured by third-party vendors.
As of September 30, 2024, their direct local delivery service, handled by employees, had registered 6.77 million users and was accessible in 600 stores across 391 cities in India.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | 68.76 |
| Debt/Equity | |
| RoNW | 8.18 |
| P/BV | 6.23 |
| PAT Margin (%) | 5.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.02 | 1.13 |
| P/E (x) | 76.13 | 69.19 |
No proceeds from the Offer for Sale will be received by the company, as the entirety of the proceeds, after deducting the Offer-related expenses and applicable taxes, will be allocated to the Promoter Selling Shareholder.
Vishal Mega Mart Limited Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016 Phone: +91 124 - 4980000 Email: secretarial@vishalwholesale.co.in Website: https://www.aboutvishal.com/ |
Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: vmm.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
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