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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.
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.
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.
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).
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