Vishal Mega Mart IPO GMP: For this, the company’s existing investors are selling 1,025,641,025 shares worth ₹ 8,000 crore through an Offer for Sale i.e. OFS. Vishal Mega Mart is not issuing a fresh share for the IPO.
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Vishal Mega Mart IPO GMP
After three days of bidding for the Vishal Mega Mart Limited IPO, applicants eagerly await the announcement of share allotment. In the wake of the ‘T+3’ listing rule, the public issue must be listed within three days post-listing.
As bidding for the Vishal Mega Mart IPO ended on 13th December 2024, the Vishal Mega Mart IPO allotment date is likely on 14th December 2024, i.e. today. However, in case of delay, as today is Saturday, Vishal Mega Mart’s IPO allotment status may become public on 16th December 2024, i.e. on Monday next week.
After the strong Vishal Mega Mart IPO subscription status, the grey market is signaling Vishal Mega Mart IPO listing at a substantial premium. According to stock market observers, Vishal Mega Mart Limited shares are available at a premium of ₹17 in the grey market today.
Vishal Mega Mart IPO GMP Today
As mentioned above, Vishal Mega Mart’s IPO GMP (Grey Market Premium) today is ₹17, which means the grey market expects that Vishal Mega Mart’s IPO listing price will be around ₹95 ( ₹78 + ₹17). This means the grey market expects the Vishal Mega Mart IPO listing gain to be around 22 percent against the Vishal Mega Mart IPO price of ₹74 to ₹78 apiece.
Vishal Mega Mart IPO Details
The IPO is a fully fledged offer for sale (OFS) of shares by promoter Kedar Capital-led Samayat Services LLP.
No new equity shares have been introduced in this. Currently, Samayat Services LLP holds a 96.55 percent stake in this leading Gurugram-based supermarket company. The company’s shares will be listed on BSE and NSE.
- Let us tell you that Kfin Technologies is the registrar for the IPO. The book-running lead managers for this IPO include Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India, and Morgan Stanley India.
- The company will not receive any proceeds from the offer for sale by the promoter-selling shareholder. The promoter-selling shareholder will be entitled to the entire proceeds from the offer for sale after deducting his share of offer-related expenses and related taxes.
- The company will not receive any proceeds from the offer for sale by the promoter-selling shareholder. The promoter-selling shareholder will be entitled to the entire proceeds from the offer for sale after deducting his share of offer-related expenses and related taxes.
Vishal Mega Mart IPO GMP Subscription Status
According to BSE data, Vishal Mega Mart IPO available for subscription between December 11 and December 13, received an overall subscription of 28.75 times. The retail category received a 2.43 times subscription in total, and the NII (non-institutional investors) portion got a 15.01 times subscription. Its QIB (qualified institutional buyer) category has been subscribed by 85.11 times.
The retail portion of the public issue was subscribed 2.31 times, the NII segment was booked 14.25 times, and the QIB portion received a whopping 80.75 times bidding.
Vishal Mega Mart IPO GMP Allotment Date
As mentioned above, Vishal Mega Mart’s IPO allotment date is likely today, 14th December 2024. However, in case of a delay due to Saturday, Vishal Mega Mart’s IPO allotment status is expected to become public on Monday next week, 16th December 2024.
#Vishal Mega Mart IPO Allotment Date; Status, GMP, Listing Details
— UNLISTED_ONE (@DevaramPri7270) December 14, 2024
👉The Rs 8,000 cr IPO oversubscribed by 28.75 times on the final day. That being said, the bidding window in Vishal Mega Mart is closed. Going ahead, the basis of allotment of the IPO will occur on Dec -16
About the Company
- Vishal Mega Mart was Founded in 2001.
- It is a hypermarket chain that sells products including apparel, grocery, electronics, and home essentials.
- Vishal Mega Mart operates 645 stores across 414 cities in India (as of September 2024), targeting middle- and lower-middle-income groups.
- Its offerings include a mix of private labels and third-party brands across categories such as groceries, apparel, kitchen appliances, and home furnishings.
- Along with this, the company also sells its products through mobile apps and websites.
Although the IPO has attracted significant attention and is showing strong grey market premiums, investors are encouraged to thoroughly evaluate the company’s fundamentals, industry trends, and potential risks before making investment decisions.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗