The Vishal Mega Mart IPO price band is fixed at ₹74 to ₹78 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Vishal Mega Mart IPO to list on BSE, NSE on December 18, 2024. The allotment of Vishal Mega Mart IPO date is December 16, 2024.
In 2024, The company reported revenue of ₹8945.13 crores in 2024 against ₹7618.89 crores in 2023. The company reported a Profit of ₹461.94 crores in 2024 against Profit of ₹321.27 crores in 2023. Based on the financials, it is suggested that IPO investors consider both short-term and long-term investment strategies.
Vishal Mega Mart’s IPO Details:
Vishal Mega Mart’s IPO open date is December 11, 2024, and the IPO will close on December 13, 2024. Vishal Mega Mart IPO is a Book Built Issue. The company is to raise around ₹8,000 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 1,025,641,025 equity shares with face value of ₹10 each.
Vishal Mega Mart IPO Dates and Schedule:
Vishal Mega Mart IPO’s opening date is on December 11, 2024, and will close on December 13, 2024. The Vishal Mega Mart IPO allotment will be finalized on December 16 and the IPO listing on December 18. people would receive their application refund and the amount would be credited on December 17, 2024. Afterwards, shares would be listed and the announced application would get profit on days18 December 2024.
Vishal Mega Mart IPO GMP Movement:
At present, Vishal Mega Mart India’s IPO GMP ratio is around 10% over the upper price band. The price band is ₹78. Moreover due to having a good GMP ratio expected listing price is ₹88. This ratio indicates that there might be a possibility of getting 10% on the price band Rs 78 and also have a chance for more than 10% premium as per the grey market activities.
About Company 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.
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.
Company 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.
- In FY 2022, the company had revenue of ₹5,653.85 and expenses of ₹5,384.20, resulting in a profit after tax (PAT) of ₹202.77 and assets totaling ₹8,217.98.
- In FY 2023, the company had revenue of ₹7,618.89 and expenses of ₹7,188.36, resulting in a profit after tax (PAT) of ₹321.27 and assets totaling ₹8,288.91.
- In FY 2024, the company had revenue of ₹8,945.13 and expenses of ₹8,324.18 resulting in a profit after tax (PAT) of ₹461.94 and assets totaling ₹8,506.08.
- In FY June 2024, the company had revenue of ₹2,603.98 and expenses of ₹2,403.21, resulting in a profit after tax (PAT) of ₹150.15 and assets totaling ₹9,114.82.
Objects of the Issue:
This 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.
Peer Group:
Avenue Supermarts Limited is a peer of Vishal Mega Mart. Furthermore, WebSol Energy has an Earning Per Share (EPS) of 38.99 and a Price-Earnings (PE) ratio of 107.05%. The Net Assets Value (NAV) is 287.47%, and the Return on Net Worth (RONW) is 13.56%. Furthermore, Trent Limited is also a peer group of Vishal mega mart with an EPS of 41.82, PE ratio is 186.65, net assets value is 104.59 and RoNW is 39.99% respectively.
Company’s Promoters:
The promoters of the company are Samayat Services LLP and Kedaara Capital Fund II LLP.
Lead Managers 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
- Morgan Stanley India Company Private Limited
