Vishal Mega Mart Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹22(28.21%)
Premium (ELP)
Vishal Mega Mart Limited's successfully completed its Initial Public Offering and commenced trading on Dec 18, 2024 at the NSE, BSE exchange. The company raised 1,02,56,41,025 Shares through this public offering, comprising 1,02,56,41,026 Shares in fresh capital and ₹8000.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹74 to ₹78, with minimum application lots of 190 shares. The offering attracted significant investor interest during its subscription period from Dec 11, 2024 to Dec 13, 2024.
Share allotment was finalized on Dec 16, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2001, Vishal Mega Mart is a leading hypermarket chain offering a wide range of products including apparel, groceries, electronics, and home essentials, primarily serving middle and lower-middle-income consumers. As of September 30, 2024, the company operates 645 stores across 414 cities in 28 states and two union territories, following an asset-light model by leasing its stores and distribution centers while sourcing goods from third-party vendors and brands. Vishal Mega Mart strengthens accessibility through its mobile app, website, and direct local delivery service, which has 6.77 million registered users across 600 stores in 391 cities. Ranked among India’s top two offline-first diversified retailers, the company employs 16,537 people and offers an extensive portfolio of in-house brands across apparel, general merchandise, and FMCG categories.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Broad Consumer Reach: Serves a large and growing Indian consumer base with a diversified portfolio, ensuring quality and price leadership across categories.
- Strong Consumer Loyalty: Customer-focused approach emphasizing quality, affordability, variety, and convenience has fostered a loyal customer base.
- Robust Own Brand Portfolio: A wide range of private labels with strong market performance, including 19 brands crossing ₹1,000 million and six brands exceeding ₹5,000 million in sales in FY 2024.
- Third-Party Vendor Dependence: Reliance on external manufacturers for private label products may pose quality, design, and production risks.
- Regulatory & Legal Exposure: Ongoing investigations and potential penalties could adversely impact reputation and financial stability.
- Shifting Consumer Preferences: Inability to adapt to changing consumer demands may reduce product demand and affect performance.
- Samayat Services LLP
- Kedaara Capital Fund II LLP
Vishal Mega Mart Limited
M. Murali Krishna