Vishal Mega Mart IPO subscribed overall 28.75 times on the last day, while a retail quota was subscribed 2.43 times and QIB was 85.11 and NII 15.02 respectively.
Details About Vishal Mega Mart’s IPO
Vishal Mega Mart got approval from SEBI for an IPO of ₹8,000 crores to raise funds and maintain financial stability. This IPO was a fresh issue [.] and an offer for sale up to 1,025,641,025 equity shares with a face value of ₹10 each. The face value of each share was Rs 10. Moreover, the company has set up a ₹74 to ₹78 per share. In this IPO total of 190 shares were available in 1 lot size for the minimum Retail category and for retail maximum in 13 lot size of 2470 shares. While HNI (Min) total of 2,660 shares in 14 lot sizes and HNI(Max) total of 12,920 shares.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹14,820
- Small HNI (S-HNI): Minimum investment of ₹192,660
Subscription duration of Vishal Mega Mart
This IPO started on December 11, 2024, and closed on December 13, 2024. The Vishal Mega Mart IPO allotment date was December 16, 2024, and they received a refund on December 17, 2024.
Funds Deployment of This IPO
Our 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.
About Vishal Mega Mart Company
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. Moreover, customers can easily buy products using their app and Website. They aim to meet the everyday needs of their customers without compromising on variety, affordability, quality, and convenience. In their clothing category, they offer products such as t-shirts, shirts, denim, nightwear, innerwear, western wear, formal wear, and ethnic wear for men, women, children, and infants. Their general merchandise products include home appliances, crockery and utensils, home products and furnishings, toys, stationery, travel products, and Footwear. While their fast-moving consumer goods products include packed foods and non-food categories. Over three months’ time periods, their brand achieved 74.09%, 71.81%, 70.50%, and 70.20% of revenue ending June 30, 2024, respectively.
Vishal Mega Mart IPO Financial Background
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.
