Founded in 2001, Vishal Mega Mart is a leading hypermarket chain offering apparel, groceries, electronics and home essentials under its own and third-party brands.
The IPO opens for subscription on December 11, 2024 and closes on December 13, 2024.
The issue is entirely an offer for sale of 102.56 crore shares worth ₹8,000 crore.
The price band is set at ₹74 to ₹78 per share, with a minimum investment of ₹14,820 for a lot of 190 shares.
The company will not receive proceeds from the offer for sale. The promoter will retain the proceeds after deducting offer-related expenses and applicable taxes.
According to the RHP, the company’s competitors include Reliance Retail, Avenue Supermarts (DMart) and Trent Ltd.
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