The Vishal Mega Mart IPO is set to hit the market from December 11 to December 13, 2024, aiming to raise ₹8,000 crores through an Offer for Sale (OFS). The price band is set at ₹74 – ₹78 per share, and the minimum lot size for retail investors is 190 shares, requiring an investment of at least ₹14,820. With its unlisted share price currently trading at a premium of ₹13.5, there’s strong interest from investors. The IPO listing date is December 18, 2024, on both the BSE and NSE.
Vishal Mega Mart IPO Date and Key Events
- IPO Open Date: December 11, 2024
- IPO Close Date: December 13, 2024
- Allotment Date: December 16, 2024
- Listing Date: December 18, 2024
Mark these dates if you’re planning to participate in the Vishal Mega Mart IPO. These timelines are critical for investors to strategize their bids effectively.
Vishal Mega Mart IPO Price Band and Lot Size
The Vishal Mega Mart IPO price band is between ₹74 and ₹78 per share, making it accessible to a wide range of investors.
- Lot Size: 190 shares
- Minimum Investment: ₹14,820
The pricing and lot size indicate a calculated approach to attract both retail and institutional investors.
Vishal Mega Mart Share Price Today and Grey Market Premium (GMP)
The unlisted share price of Vishal Mega Mart is trading at a premium of ₹13.5 in the grey market. This GMP of Vishal Mega Mart IPO suggests strong demand and high expectations for the Vishal Mega Mart IPO listing price, which is likely to outperform on December 18, 2024.
- Current Grey Market Premium (GMP): ₹13.5
- Sentiment: Strong
Vishal Mega Mart Owner and Business Model
The Vishal Mega Mart owner, Samayat Services LLP, is the sole stakeholder offering its shares in this Offer for Sale (OFS). This means no new shares are being issued.
Business Overview:
- Number of Stores: 645 stores in 414 cities
- Core Offerings:
- Apparel
- Groceries
- Electronics
- Home essentials
The company targets middle and lower-middle-income consumers with affordable pricing and wide product availability.
Financial Performance of Vishal Mega Mart
The retail giant has delivered exceptional growth in the last fiscal year:
- Revenue Growth: 17.41% in FY24
- Profit After Tax (PAT): 43.78% increase in FY24 compared to FY23
These numbers highlight Vishal Mega Mart’s robust business model and its ability to sustain profitability in a competitive market.
GMP of Vishal Mega Mart IPO and Market Expectations
The GMP of Vishal Mega Mart IPO, currently at ₹13.5, is a reliable indicator of positive investor sentiment. With its pricing strategy and strong financials, the Vishal Mega Mart share price post-listing is expected to perform well.
Why Invest in Vishal Mega Mart IPO?
- Strong Market Presence: Operating 645 stores nationwide, catering to a vast consumer base.
- Attractive IPO Price Band: Shares priced between ₹74 – ₹78, making it affordable for retail investors.
- Positive Grey Market Sentiment: GMP of ₹13.5 reflects strong demand.
- Impressive Financials: Revenue and profit growth make it a reliable investment.
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Frequently Asked Questions (FAQ)
What is the Vishal Mega Mart IPO date?
The IPO will be open for subscription from December 11 to December 13, 2024.
What is the Vishal Mega Mart IPO price band?
The price band for the IPO is set between ₹74 and ₹78 per share.
What is the minimum lot size for the IPO?
The minimum lot size is 190 shares, requiring an investment of at least ₹14,820.
What is the GMP of Vishal Mega Mart IPO?
The Grey Market Premium (GMP) is currently at ₹13.5, indicating strong investor interest.
Who is the Vishal Mega Mart owner?
The owner of Vishal Mega Mart is Samayat Services LLP, which is selling its shares through the IPO.