Vishal Mega Mart IPO price band set at ₹74-₹78 per share: Here's how much you need to invest for 1 lot size

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2 min read | Updated on December 06, 2024, 12:22 IST

SUMMARY

Vishal Mega Mart IPO is solely an offer for sale without any fresh issue component. Under the OFS, Samayat Services LLP, which holds a 96.55% stake in the Gurugram-based supermarket chain, will offer shares worth ₹8,000 crore.

Vishal Mega Mart offers a wide variety of products via its portfolio of own brands and third-party brands to meet the daily needs of the consumers.

Vishal Mega Mart IPO: Supermarket chain Vishal Mega Mart has announced a price band of ₹74-₹78 for its massive ₹8,000 crore initial public offering. The issue will be open from December 11 to December 13. For anchor investors, the bidding will be open for a day on December 10.

The initial share sale is solely an offer for sale without any fresh issue component. Under the OFS, Samayat Services LLP, which holds a 96.55% stake in the Gurugram-based supermarket chain, will offload shares worth ₹8,000 crore.

Vishal Mega Mart shares will have a face value of ₹10 per share.

Vishal Mega Mart IPO: Lot size

Interested investors can bid for a minimum of one lot, consisting of 190 shares, and need an investment of ₹14,820.

The company has reserved 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for non-institutional investors.

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Vishal Mega Mart IPO: Allotment and listing date

Subscription period: December 11 to December 13
Allotment: December 16
Refunds: December 17
Credit to Demat account: December 17
Listing on the NSE and the BSE: December 18

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

About the company

Vishal Mega Mart offers a wide variety of products via its portfolio of own brands and third-party brands to meet the daily needs of the consumers.

Offering products in three major categories namely fast-moving consumer goods (FMCG), apparel and general merchandise, Vishal Mega Mart has 645 stores pan India as of Q2 FY25. It also operates the Vishal Mega Mart mobile application and website.

Vishal Mega Mart is among the biggest public offers this year after Hyundai Motors India (₹27,000 crore), Swiggy (₹11,000 crore) and NTPC Green (₹10,000 crore).

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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Vishal Mega Mart IPO price band set at ₹74-₹78 per share: Here's how much you need to invest for 1 lot size

Vishal Mega Mart IPO: Lot size

Vishal Mega Mart IPO: Allotment and listing date

About the company

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