Vishal Mega Mart, a supermarket chain, has set a price range of Rs 74–Rs 78 for its enormous Rs 8,000 crore IPO. From December 11 to December 13, the issue will remain open. On December 10, the bidding will be available to anchor investors for one day.
There is no new issue component to the initial share sale; it is merely an offer for sale. Samayat Services LLP, which owns 96.55 per cent of the supermarket chain with its headquarters in Gurugram, will sell shares valued at RS 8,000 crore under the OFS. The face value of each Vishal Mega Mart share will be Rs 10.
Price band minimum bid
The Vishal Mega Mart IPO has decided on a price range of Rs 74 to Rs 78 per share for their initial public offer. 190 shares is the minimum lot size required for an application.
Retail investors are required to invest a minimum of Rs 14,820. For bNII, the minimum lot size investment is 68 lots comprising of 12,920 shares amounting to Rs 1,007,760, and for sNII, it is 14 lots comprising of 2,660 shares amounting to Rs 207,480.
Subscription and lisitng timetable
The subscription period for the Vishal Mega Mart IPO begins on December 11, 2024, and ends on December 13, 2024. On Monday, December 16, 2024, the allocation for the Vishal Mega Mart IPO is anticipated to be finalised.
The tentative listing date for the Vishal Mega Mart IPO is set for Wednesday, December 18, 2024, and it will be listed on the BSE and NSE.
Registrar and book running lead managers
The issue’s book-running lead managers are 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. The IPO registrar is KFin Technologies.
About company
Vishal Mega Mart, which as of Q2 FY25 had 645 stores throughout India, offers products in three main categories: clothing, general merchandise, and fast-moving consumer goods (FMCG).
