Retail hypermarket chain Vishal Megamart debuted on exchanges today, December 18 , when its shares were listed on the NSE at Rs 104 each, representing a 33.33 per cent premium over the issue price of Rs 78. The stock went on to touch the day high level of Rs 111.19 per share.
Listing gains on per lot
The strong listing was advantageous to investors who purchased IPO shares as well. Retail IPO investors had to bid at least 190 shares. Investors in the Vishal Megamart issue who were given at least one lot at the NSE listing price would have received Rs 4,940 for each lot.
The single lot was valued at Rs 14,820 (190 x Rs 78) at the issue price and Rs 19,760 (Rs 104 x 190) at the listing price.
Share performance
The Vishal Megamart shares were trading at Rs 107.10 per share on the NSE (National Stock Exchange) with a surge of 2.98 per cent amounting to a Rs 3.10 per share on the Indian exchanges, at the time of writing.
Vishal Megamart IPO Details
This is a developing story; more details are awaited
