Vishal Mega Mart IPO: GMP, Price Band, Rs. 8,000 Crore Issue Top 10 Key Dates to Know

Vishal Mega Mart’s Initial Public Offer (IPO) will open for subscription on December 11 and close on December 13. Through this public offer, the company raised approximately Rs. 8,000 crore is planned to be raised. Here are 10 things to know about Vishal Mega Mart IPO before subscribing to the issue.

1) What is the business overview of Vishal Mega Mart?

Vishal Mega Mart is a one-stop destination for middle and lower-middle-income consumers in India. Its product range includes both in-house and third-party brands, covering three main categories: apparel, general merchandise and fast-moving consumer goods (FMCG).

2) What is the industry overview of Vishal Mega Mart?

India’s aspirational retail market to be valued at Rs. 68-72 trillion and by 2028 to Rs. 104-112 trillion, growing at a CAGR of 9%. The shift towards organized retail is driven by higher quality expectations, wider product assortment, better pricing (especially in FMCG), urbanization and opportunities for organized players to expand.

3) What is the current GMP of Vishal Mega Mart?

According to market analysts, Vishal Mega Mart’s current GMP is Rs. 19, which represents a premium of 24% over the issue price.

4) What is the size of Vishal Mega Mart IPO?

Hyundai Motor India Rs. 27,000 crore issue, Swiggy’s Rs. 11,000 crore issue and NTPC Green Energy’s Rs. 10,000 crore issue, Vishal Mega Mart Rs. 8,000 crore would be one of the largest IPOs ever.

5) What is the price band for Vishal Mega Mart IPO?

The company has paid Rs. A price band of 74-78 has been set, in which investors will be able to bid for 34 shares in a lot.

6) What is the structure of Vishal Mega Mart IPO?

About 50% of the public offer is reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.

7) How is the financial performance of Vishal Mega Mart?

For the six months ended September 2024, Vishal Mega Mart’s profit rose 30% year-on-year to Rs. 254 crore, while income from operations during the same period grew by 19% YoY to Rs. 5,053 crores.

8) What are the objectives of Vishal Mega Mart IPO?

Since an IPO is an outright offer for sale (OFS), all the proceeds will go to the selling shareholders.

9) Who is the book-running lead manager for Vishal Mega Mart IPO?

Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India and Morgan Stanley India are book-running lead managers for the issue.

10) When is the share allotment and listing date of Vishal Mega Mart IPO?

The allotment of shares for the IPO is likely to be finalized on December 16 and the company is expected to be listed on the stock exchange on December 18.