Vishal Mega Mart IPO: 10 key points you need to consider ahead of ₹8000 crore public offer opening

Vishal Mega Mart IPO: Kedaara Capital-backed Vishal Mega Mart's initial share sale will go live on Wednesday, December 11. The issue aims to raise ₹8,000 crore. The shares of the supermart major will list on the NSE and the BSE on December 18.

Vishal Mega Mart IPO: 10 key points to know

• Vishal Mega Mart IPO subscription period: The initial public offering opens for bidding on December 11 and concludes on December 13.
• Vishal Mega Mart IPO anchor bidding: The bidding for anchor investors will take place on December 10.
• IPO offer structure: It is completely an offer-for-sale worth ₹8,000 crore by promoter Kedaara Capital-led Samayat Services LLP. There is no new offering of shares.
• Vishal Mega Mart IPO price band: The price range has been set at ₹74-₹78 per share.
• Reservation: The book-built offer has kept 50% of the net offer for qualified institutional investors (QIBs), 35% for retail investors and 15% for non-institutional investors.
• Vishal Mega Mart IPO lot size: The minimum lot for an application is 190 equity shares, which requires an investment of ₹14,820.
• Objective: Since there is no fresh issue component, the entire IPO proceeds will go to selling promoter.
• Book-running lead manager and registrar: Morgan Stanley India, ICICI Securities, Jefferies India, JP Morgan India, Intensive Fiscal Services and Kotak Mahindra Capital Company are the book-running lead managers to the issue. KFin Technologies Ltd is the registrar.
• Allotment date: The allotment for Vishal Mega Mart is expected to be finalised on December 16.
• Listing date: The tentative date for listing is fixed as December 18.

Vishal Mega Mart is among the key retail players in India, achieving ₹8,900 crore in revenues in the financial year 2023-24 (FY24).

With 645 stores pan-India, it offers a diversified merchandise mix, with apparel adding 45% of sales, general merchandise contributing 28%, and FMCG 27%.