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The Vishal Mega Mart IPO is a book-built issue valued at ₹8,000 crores, consisting entirely of an offer for sale of 102.56 crore shares.
The IPO will open for subscription on December 11, 2024, and close on December 13, 2024. The allotment of shares is expected to be finalized on Monday, December 16, 2024, and the IPO is scheduled to be listed on the BSE and NSE on Wednesday, December 18, 2024.
The price band for the IPO is set at ₹74 to ₹78 per share. Investors can apply with a minimum lot size of 190 shares, requiring a minimum investment of ₹14,820 for retail investors. For sNII (small non-institutional investors), the minimum application size is 14 lots (2,660 shares), amounting to ₹207,480. For NII (big non-institutional investors), the minimum application size is 68 lots (12,920 shares), amounting to ₹1,007,760.
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | December 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹74 to ₹78 per share |
| Lot Size | 190 Shares |
| Total Issue Size | 1,025,641,025 shares (aggregating up to ₹8,000.00 Cr) |
| Offer for Sale | 1,025,641,025 shares of ₹10 (aggregating up to ₹8,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 4,508,719,493 |
| Shareholding post issue | 4,508,719,493 |
| IPO Open Date | Wednesday, December 11, 2024 |
| IPO Close Date | Friday, December 13, 2024 |
| Basis of Allotment | Monday, December 16, 2024 |
| Initiation of Refunds | Tuesday, December 17, 2024 |
| The credit of Shares to Demat | Tuesday, December 17, 2024 |
| Listing Date | Wednesday, December 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2024 |
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 190 | ₹14,820 |
| Retail (Max) | 13 | 2470 | ₹192,660 |
| S-HNI (Min) | 14 | 2,660 | ₹207,480 |
| S-HNI (Min) | 67 | 12,730 | ₹992,940 |
| B-HNI (Min) | 68 | 12,920 | ₹1,007,760 |
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 9,551.75 | 8,506.08 | 8,288.91 | 8,217.98 |
| Revenue | 5,053.42 | 8,945.13 | 7,618.89 | 5,653.85 |
| Profit After Tax | 254.14 | 461.94 | 321.27 | 202.77 |
| Net Worth | 5,923.74 | 5,646.59 | 5,180.84 | 4,849.93 |
| Reserves and Surplus | 1,390.27 | 1,113.12 | 649.50 | 321.88 |
| Total Borrowing | - | - | 133.50 | 497.41 |
The Vishal Mega Mart IPO offers a compelling investment opportunity, standing out as one of the significant IPOs of 2024 with a total issue size of ₹8,000 crores. This IPO represents a strong retail and institutional appeal, driven by the company's extensive market presence and consistent financial performance. With a competitive price band of ₹74 to ₹78 per share, investors have an opportunity to participate in a high-potential investment that is expected to generate considerable market buzz.
The IPO follows a book-built issue model, ensuring transparency in price discovery, and is scheduled to list on both BSE and NSE, enhancing accessibility and liquidity for shareholders. Retail investors can apply with a minimum lot size of 190 shares, requiring an initial investment of ₹14,820, while institutional investors have tailored options with competitive entry points.
From a financial standpoint, Vishal Mega Mart has shown consistent growth, with its revenues increasing year-over-year, highlighting its strong foothold in the competitive retail sector. The company’s net worth and reserves also showcase healthy financial stability, which could translate into long-term returns for shareholders.
While the IPO offers an exciting opportunity, potential investors must exercise caution and conduct thorough research. It is essential to analyze the company’s financial statements, growth trajectory, and industry performance before making a commitment. The stock market remains inherently volatile, and investments carry associated risks.
For investors seeking a mix of growth and stability in their portfolio, the Vishal Mega Mart IPO presents a noteworthy option. Its robust fundamentals, large market capitalization, and established brand presence make it an attractive prospect for both retail and institutional investors. However, prudent evaluation and alignment with investment goals are crucial for maximizing returns.
