Vishal Mega Mart IPO listing date: Check key details ahead of debut on BSE, NSE

Vishal Mega Mart IPO Listing Date: Shares of Vishal Mega Mart Ltd, a leading supermarket chain, will make their market debut on Wednesday, December 18.

The ₹8,000-crore initial public offering (IPO) was subscribed 27.28 times during the bidding period. The mainboard issue of Vishal Mega Mart was open for subscription from December 11 to December 13.

Vishal Mega Mart is a leading player in the retail industry and it offers a wide range of products through its own brands and third-party merchandise. The company mainly targets the low and middle-income groups.

As the listing is less than a day away, here are important details you should know.

Vishal Mega Mart IPO subscription details

The mainboard issue received bids for 2,064.25 crore equity shares against 75.67 crore shares on offer, leading to an overall subscription of 27.28 times.

Vishal Mega Mart IPO price band was fixed at ₹74-₹78 per share. The IPO was entirely an offer-for-sale (OFS) without a fresh issue component. The total issue size was 102.56 crore shares, aggregating to ₹8,000 crore.

The OFS is by promoter Samayat Services LLP, which presently holds a 96.55% stake in the company. Post-issue the promoter shareholding will be reduced to 76.02%.

Vishal Mega Mart IPO objective

As it is exclusively an OFS, the entire IPO proceeds will go to the selling shareholders.

Vishal Mega Mart IPO listing date and time

Vishal Mega Mart's IPO share listing on the National Stock Exchange (NSE) and the BSE has been scheduled for Wednesday, December 18. The stock will start trading at 10 am on the stock exchanges.

Vishal Mega Mart: Key financials

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. Its net profit stood at ₹461.94 crore in FY24 as against the net profit of ₹321.27 crore in FY23.

About Vishal Mega Mart Ltd

Vishal Mega Mart Ltd primarily caters to the middle and lower-middle-income consumers through its supermarket chain. The company’s product portfolio includes a diverse range of items from apparels to home furnishing. Apart from its own products, the company also offers third-party merchandise like kitchen items, daily household products, apparel and staples, among others.

The company’s products are mainly divided into three categories — general merchandise, apparel, and fast-moving consumer goods. The company operated 645 Vishal Mega Mart stores as of Q2FY25. It also offers products through Vishal Mega Mart mobile app and website.