Vishal Mega Mart IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 11 to Dec 13 2024
Price Band
₹74 - 78
Current GMP
₹104 (33.33%)
Subscription
28.75 times
IPO Details
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | Wednesday, December 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹74 to ₹78 per share |
| Lot Size | 190 Shares |
| Total Issue Size | 1,02,56,41,025 shares (aggregating up to ₹8,000.00 Cr) |
| Offer for Sale | 1,02,56,41,025 shares of ₹10 (aggregating up to ₹8,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,50,87,19,493 shares |
| Share Holding Post Issue | 4,50,87,19,493 shares |
IPO Date
December 11, 2024 to December 13, 2024
Listing Date
Wednesday, December 18, 2024
Face Value
₹10 per share
Price Band
₹74 to ₹78 per share
Lot Size
190 Shares
Total Issue Size
1,02,56,41,025 shares (aggregating up to ₹8,000.00 Cr)
Offer for Sale
1,02,56,41,025 shares of ₹10 (aggregating up to ₹8,000.00 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share Holding Pre Issue
4,50,87,19,493 shares
Share Holding Post Issue
4,50,87,19,493 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 85.11 |
| Non-Institutional Buyers | 15.02 |
| bNII (bids above ₹10L) | 17.34 |
| sNII (bids below ₹10L) | 10.37 |
| Retail Investors | 2.43 |
| Total ** | 28.75 |
Anchor Investors
1
Qualified Institutions
85.11
Non-Institutional Buyers
15.02
bNII (bids above ₹10L)
17.34
sNII (bids below ₹10L)
10.37
Retail Investors
2.43
Total **
28.75
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 11, 2024 | 0.03 | 1.18 | 0.56 | 0.54 |
| Day 2 Dec 12, 2024 | 0.50 | 4.05 | 1.23 | 1.63 |
| Day 3 Dec 13, 2024 | 85.11 | 15.02 | 2.43 | 28.75 |
DayDay 1
Dec 11, 2024
QIB0.03
NII1.18
Retail0.56
Total0.54
DayDay 2
Dec 12, 2024
QIB0.50
NII4.05
Retail1.23
Total1.63
DayDay 3
Dec 13, 2024
QIB85.11
NII15.02
Retail2.43
Total28.75
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 18-12-2024 | 78.00 | 22(28.21%) | 100 |
| 17-12-2024 | 78.00 | 22(28.21%) | 100 |
| 16-12-2024 | 78.00 | 20.50(26.28%) | 98.5 |
| 15-12-2024 | 78.00 | 19(24.36%) | 97 |
| 14-12-2024 | 78.00 | 19(24.36%) | 97 |
| 13-12-2024 | 78.00 | 19(24.36%) | 97 |
| 12-12-2024 | 78.00 | 16(20.51%) | 94 |
| 11-12-2024 | 78.00 | 21(26.92%) | 99 |
| 10-12-2024 | 78.00 | 19(24.36%) | 97 |
| 09-12-2024 | 78.00 | 25(32.05%) | 103 |
| 08-12-2024 | 78.00 | 23(29.49%) | 101 |
| 07-12-2024 | 78.00 | 19(24.36%) | 97 |
| 06-12-2024 | 78.00 | 16.75(21.47%) | 94.75 |
| 05-12-2024 | NA | 13.50(%) | 13.5 |
Date18-12-2024
Price78.00
GMP22(28.21%)
Estimate List Price100
Date17-12-2024
Price78.00
GMP22(28.21%)
Estimate List Price100
Date16-12-2024
Price78.00
GMP20.50(26.28%)
Estimate List Price98.5
Date15-12-2024
Price78.00
GMP19(24.36%)
Estimate List Price97
Date14-12-2024
Price78.00
GMP19(24.36%)
Estimate List Price97
Date13-12-2024
Price78.00
GMP19(24.36%)
Estimate List Price97
Date12-12-2024
Price78.00
GMP16(20.51%)
Estimate List Price94
Date11-12-2024
Price78.00
GMP21(26.92%)
Estimate List Price99
Date10-12-2024
Price78.00
GMP19(24.36%)
Estimate List Price97
Date09-12-2024
Price78.00
GMP25(32.05%)
Estimate List Price103
Date08-12-2024
Price78.00
GMP23(29.49%)
Estimate List Price101
Date07-12-2024
Price78.00
GMP19(24.36%)
Estimate List Price97
Date06-12-2024
Price78.00
GMP16.75(21.47%)
Estimate List Price94.75
Date05-12-2024
PriceNA
GMP13.50(%)
Estimate List Price13.5
IPO Important Dates
| 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 |
| 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 |
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
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 190 | ₹14,820 |
| Retail (Max) | 13 | 2470 | ₹1,92,660 |
| S-HNI (Min) | 14 | 2,660 | ₹2,07,480 |
| S-HNI (Max) | 67 | 12,730 | ₹9,92,940 |
| B-HNI (Min) | 68 | 12,920 | ₹10,07,760 |
ApplicationRetail (Min)
Lots1
Shares190
Amount₹14,820
ApplicationRetail (Max)
Lots13
Shares2470
Amount₹1,92,660
ApplicationS-HNI (Min)
Lots14
Shares2,660
Amount₹2,07,480
ApplicationS-HNI (Max)
Lots67
Shares12,730
Amount₹9,92,940
ApplicationB-HNI (Min)
Lots68
Shares12,920
Amount₹10,07,760
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 9,551.75 | 8,506.08 | 8,288.91 |
| Revenue | 5,053.42 | 8,945.13 | 7,618.89 |
| Profit After Tax | 254.14 | 461.94 | 321.27 |
| Net Worth | 5,923.74 | 5,646.59 | 5,180.84 |
| Reserves and Surplus | 1,390.27 | 1,113.12 | 649.50 |
| Total Borrowing | 133.50 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 20249,551.75
31 Mar 20248,506.08
31 Mar 20238,288.91
Period EndedRevenue
30 Sep 20245,053.42
31 Mar 20248,945.13
31 Mar 20237,618.89
Period EndedProfit After Tax
30 Sep 2024254.14
31 Mar 2024461.94
31 Mar 2023321.27
Period EndedNet Worth
30 Sep 20245,923.74
31 Mar 20245,646.59
31 Mar 20235,180.84
Period EndedReserves and Surplus
30 Sep 20241,390.27
31 Mar 20241,113.12
31 Mar 2023649.50
Period EndedTotal Borrowing
30 Sep 2024
31 Mar 2024
31 Mar 2023133.50
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 30,76,92,307 (30%) | NA |
| QIB Shares Offered | 20,51,28,206 (20%) | NA |
| NII (HNI) Shares Offered | 15,38,46,154 (15%) | |
| bNII > ₹10L | 10,25,64,103 (10%) | 38,557 |
| sNII < ₹10L | 5,12,82,051 (5%) | 19,278 |
| Retail Shares Offered | 35,89,74,359 (35%) | 18,89,338 |
| Total Shares Offered | 1,02,56,41,026 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered30,76,92,307 (30%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered20,51,28,206 (20%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered15,38,46,154 (15%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered10,25,64,103 (10%)
Maximum Allottees38,557
Investor CategorysNII < ₹10L
Shares Offered5,12,82,051 (5%)
Maximum Allottees19,278
Investor CategoryRetail Shares Offered
Shares Offered35,89,74,359 (35%)
Maximum Allottees18,89,338
Investor CategoryTotal Shares Offered
Shares Offered1,02,56,41,026 (100%)
Maximum Allottees
Information about company
Incorporated In 2001, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.
They own their brands and third-party brands to meet the everyday needs of consumers. The company offers a wide range of products across apparel, general merchandise, and FMCG, including its brands for clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples.
The company targets middle and lower-middle-income people, through a Pan India network of 645 Vishal Mega Mart stores (as of September 30, 2024) and their Vishal Mega Mart mobile app and website. As of September 30, 2024, the company has a presence across 414 cities in 28 states and two union territories.
The company operates an asset-light business model, leasing all its distribution centers and stores, while its products are manufactured by third-party vendors or sourced from third-party brands.
As of September 30, 2024, their direct local delivery service, managed by their employees, had 6.77 million registered users and was available in 600 stores across 391 cities in India.
The Company Ranked as one of the top two offline-first diversified retailers in India. As of September 30, 2024, they had 16,537 employees.
Their portfolio of own Brands:
Apparel: Classics, Fashion, Denim, Ethnic
General Merchandise: Tandem Home Appliances, Home Select, Home Finery
FMCG: Savory Products, Staples, Home Care
Their Strengths:
Serving a Large and Growing Section of the Indian Population
Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base
Diverse and Growing Portfolio of their Brands across Product Categories
Pan-India Presence with a Track Record of Successful Store Growth
Technology Enabled and Systems Driven Operations
Professional and Experienced Management Team
Track Record of Delivering Revenue, Profit Growth and Capital Efficiency
Objectives of IPO
The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.
Disclaimer
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