Vishal Mega Mart IPO: ₹8,000 crore issue to open on December 11; key things to know

Vishal Mega Mart IPO: The mega ₹8,000 crore initial share sale of supermart chain Vishal Mega Mart will open for public subscription on December 11. The issue, which will conclude on December 13, is yet to announce its price band. The bidding for anchor investors will take place for a day on December 10.

The proposed IPO is completely an offer of sale by promoter Samayat Services LLP. As per the Updated Draft Red Herring Prospectus (UDRHP), there is no fresh issue component. Samayat Services LLP presently holds a 96.55% stake in the major supermarket chain based in Gurugram.

Since the initial public offering is solely an OFS, the funds generated will go to the selling shareholder.

Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Pvt Ltd, Intensive Fiscal Services Pvt Ltd, Jefferies India Pvt Ltd, ICICI Securities Ltd, and JP Morgan India Pvt Ltd are the issue's book running lead managers. KFin Technologies is the IPO registrar.

Vishal Mega Mart IPO: Allotment and listing date

• Anchor investor bidding: December 10
• Subscription period: December 11 to December 13
• Basis of allotment: December 16
• Listing on the NSE and the BSE: December 18

Vishal Mega Mart IPO: About the company

Vishal Mega Mart, which caters to middle and lower-middle-income consumers in India, offers a diverse range of products through its portfolio of own brands and third-party brands to meet consumers' daily needs.

The company provides products in three major categories—general merchandise, apparel, and fast-moving consumer goods—via a pan-India network of 645 Vishal Mega Mart stores as of Q2 FY25. It also has a Vishal Mega Mart mobile application and website.

India's aspirational retail market, according to the Redseer report, was worth ₹68-72 trillion in 2023 and is projected to be valued at ₹104-112 trillion by 2028, representing a growth at a CAGR of 9%.