Vishal Mega Mart IPO Subscribed over 0.54x on its first day of subscription

Vishal Mega Mart Subscribed over 0.54x on its first day of subscription wherein QIB subscribed 0.03x, NII subscribed 1.17x, and RII subscribed 0.56x.

Vishal Mega Mart subscription started on Wednesday, December 11, 2024, and will close on December 13, 2024, as per the schedule. The price band is set at ₹74 to ₹78 per share with a face value of ₹10.

Vishal Mega Mart IPO Subscription Status

Vishal Mega Mart Subscribed over 0.54x on its first day till 5.00 PM on 11th December.

Vishal Mega Mart IPO subscription QIB investors portion is 0.03 times, while NII subscribed 1.17 times and RII investors subscribed 0.56 times.
The company has received bids for 38,66,54,180 shares against 71,79,48,719 shares on offer on the first day of subscription.
Vishal Mega Mart IPO Subscribed over 0.54x on its first day.

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 Financial Report

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.

Vishal Mega Mart IPO GMP:

Vishal Mega Mart IPO GMP was ₹15 as of Wednesday, December 11th. That indicates the IPO is trading at ₹93 with ₹15 premium in the grey market against the issue price of ₹78.

Vishal Mega Mart IPO Subscribed over 0.54x on its first day.

Jagat Joshi

An experienced stock market professional with expertise in IPO research, market insights, and equity strategies. With a strong background in research and capital markets, he delivers comprehensive coverage on upcoming IPOs, subscription patterns, grey market premium (GMP), and post-listing performance, along with detailed reviews, recommendations, and technical analysis.

Add IPOWatch to your Google News feed.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.