Market News
3 min read | Updated on December 16, 2024, 15:37 IST
SUMMARY
Vishal Mega Mart IPO allotment: After the successful subscription, investors are keenly waiting for Vishal Mega Mart's IPO allotment status to be finalised. Users can check the status online on the websites of registrar Kfin Technologies, the BSE and the NSE.
Vishal Mega Mart operates 626 stores across India as of June 30, 2024.
Category-wise, 80.75 times subscription was seen from qualified institutional buyers (QIBs) and 14.25 times from non-institutional investors. Retail investors quota attracted 2.31 times subscription.
After the successful subscription, investors are keenly waiting for Vishal Mega Mart's IPO allotment status to be finalised. Users can check the status online on the websites of registrar Kfin Technologies, the BSE and the NSE.
Shares of Vishal Mega Mart will be listed on the BSE and NSE on Wednesday, December 18.
The initial share sale was exclusively an offer-for-sale without a fresh issue component. The price band was fixed at ₹74-₹78 apiece.
Supermarket chain Vishal Mega Mart is a one-stop solution provider for middle and lower-middle-income groups in India. Its product range includes apparel, fast-moving consumer goods, and general merchandise.
As of June 2024, the company runs 626 Vishal Mega Mart stores across the country, as well as a website and a mobile application.
Vishal Mega Mart posted a revenue of ₹5,053.42 crore for the period ended September 2024. The company’s profit after tax (PAT) for the period stood at ₹254.1 crore.
In the financial year 2023-24 (FY24), the company reported a revenue of ₹8,911 crore compared to ₹7,586 crore in the previous fiscal year. Its net profit was ₹461.94 crore in FY24 as against post-tax profit of ₹321.27 crore in FY23.
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