Vishal Mega Mart IPO opens for subscription on December 11, 2024 and ends on December 13, 2024. The basis of allotment will be decided on December 16 while refunds for unsuccessful bidders will begin on December 17. The IPO listing date has been fixed on December 19. The IPO consists entirely an offer for sale (OFS) of 102.56 crore shares.
Vishal Mega Mart was set up in 2001. It is a hypermarket chain which deals in apparel, groceries, electronics, and home essentials. The product range consists of items that are supposed to meet everyday needs of people. Vishal Mega Mart has a network of 645 stores It also has a mobile app and website. The outlets are present in 414 cities in 28 states and two Union Territories.
Vishal Mega Mart IPO Review
Six analysts out of 11 have assigned “Apply” rating to the Vishal Mega Mart IPO. These are Arete Securities Ltd, AUM Capital, Ashika Research, K R Choksey Securities, Dilip Davda, Swastika Investmart. Three entities – Choice Securities, SBICAP Securities, Sushil Finance – have assigned a “May Apply” rating while Axis Capital has not rated the IPO and Capital Market has maintained a “Neutral” rating.
Vishal Mega Mart IPO GMP
The face value of an equity share of the company has been fixed in the band of Rs 74-78. The minimum investible lot consists of 190 shares. According to investorgain, the Grey Market Premium stood at Rs 19 on December 11, which indicates a listing gain of 24.36% (on a probable listing price of Rs 97). The GMP stood at Rs 25 on December 9 and came down to the present level on December 10. It must be remembered that GMP is an unofficial metric and is a variable that can change with time. It guarantees nothing – listing gain or loss. Yet investors use it as a significant indicator for any IPO.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and/or mutual funds.)
Vishal Mega Mart is floating one of the biggest issues on D Street this year with a target to mop up of Rs 8,000 crore. The chain is one of the preferred destinations for middle class shoppers in the country. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
