Vishal Mega Mart IPO will be open on December 11, 2024. Today, we will share with you 10 important things about the company’s issues as follows:
1. Vishal Mega Mart IPO Open and Closing date?
Vishal Mega Mart IPO open date is December 11, 2024, and the closing date is December 13, 2024.
2. What is the size of the Vishal Mega Mart IPO?
The company Vishal Mega Mart decided to raise approximately around ₹8000 crores. This IPO entirely comprises fresh issues of ₹8000 crores with a face value of ₹10 each.
3. What are the subscription details of the Vishal Mega Mart IPO?
The price band for the Vishal Mega Mart IPO is ₹74 to ₹78 per share. In this IPO, a total of 190 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category 2470 shares in 13 lot size were available as well. Retail minimum investors must invest at least ₹14,820 and Retail maximum investors must invest ₹192,660 at least. While the S-HNI Minimum total of 2,660 shares was available in 14 lot sizes, the B-HNI Minimum investors must invest at least ₹1,007,760.
4. What is the Vishal Mega Mart IPO listing Date?
Vishal Mega Mart is a Mainboard IPO whose shares will be listed on 18th December 2024 on BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
5. What are the objectives of the Vishal Mega Mart IPO Issue?
The object of the Vishal Mega Mart IPO object is that the company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and the relevant taxes thereon.
6. About Vishal Mega Mart
Incorporated on May 31, 2010, Vishal Mega Mart is one of India’s leading supermarkets for every family. Vishal Mega Mart is a business offering a variety of their own and third-party products to fulfill the customers’ daily needs. Their profile comprises three major product categories: clothing, general merchandise, and fast-moving consumer goods. As of June 30, 2024, 626 Vishal mega mart stores are available all over India, which they are proud to announce.
7. Vishal Mega Mart Financials
The company reported revenue of ₹8945.13 crores in 2024 against ₹7618.89 crores in 2023. The company reported Profit of ₹461.94 crores in 2024 against Profit of ₹321.27 crores in 2023.
8. Vishal Mega Mart IPO Promoters
The promoters of the company are Samayat Services LLP and Kedaara Capital Fund II LLP.
9. Vishal Mega Mart IPO Risk Factors
- Pros
- Over three three-month time periods, their own brand achieved 74.09%, 71.81%, 70.50%, and 70.20% of revenue ending June 30, 2024, respectively.
- The company offers services in a way to fulfills the needs of the customers by keeping variety, affordability, quality,y and convenience in mind.
- Cons
- If the company doesn’t understand the demand of the customers and manages an optimal level of inventory, can negatively affect their business and revenue.
- The company generates a higher value of income from selling products in stores located in the states of Uttar Pradesh, Karnataka, and Assam. If something negative happens regarding the selling process in those states, the company can experience a potential downfall in revenue and profit.
10. Who are the Vishal Mega Mart IPO lead manager and registrar?
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Jefferies India Private Limited, and Morgan Stanley India Company Private Limited are the lead managers of Vishal Mega Mart while KFin Technologies Limited is the registrar of the company.
