Vishal Mega Mart Limited IPO
Vishal Mega Mart Limited IPO
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Vishal Mega Mart Limited's successfully completed its Initial Public Offering and commenced trading on 18-12-2024 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 11-12-2024 to 13-12-2024.
Share allotment was finalized on 16-12-2024, 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.
Vishal Mega IPO About Company
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."
Vishal Mega IPO Strength Factors
- 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.
Vishal Mega IPO Risk Factors
- 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.
Vishal Mega IPO Lead Manager(s)
- ICICI Securities Limited
- Intensive Fiscal Services Private Limited
- J.P. Morgan India Private Limited
- Jefferies India Private Limited
- Kotak Mahindra Capital Company
- Morgan Stanley India Company Private Limited
Vishal Mega IPO Promoter(s)
- Samayat Services LLP
- Kedaara Capital Fund II LLP
Vishal Mega IPO FAQs
Vishal Mega Mart Limited IPO subscribed 28.77 times. The public issue subscribed 2.43 times in the retail category,85.11times in QIB, and 17.34 times in the HNI (10+) category byNovember 17, 2025 10:36:09 AM (Day 17).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Vishal Mega IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Vishal Mega IPO FAQs
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The basis of allotment for Vishal Mega Mart Limited IPO is available now.
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