New Delhi: The initial public offering (IPO) of supermarket chain Vishal Mega Mart received 0.78 subscription by Thursday noon. The public issue recorded a subscription of 0.03 times in the qualified institutional buyers (QIBs) category, while the non-institutional investors (NIIs) portion fetched 1.84 times subscription by noon. In the retail category, Vishal Mega Mart IPO received 0.76 times of the total subscription, as per the data available.
Vishal Mega Mart on December 10 garnered Rs 2,400-crore from anchor investors. The 8,000-crore IPO of the supermarket chain opened for subscription on December 12 and close on 13 December. The price band is fixed in the range of Rs 74-78 apiece.
Vishal Mega Mart IPO today GMP was recorded at Rs 21, as per investorgain data at 9 am. With the price band at Rs 78, the shares of the Vishal Mega is expected to be listed at Rs 99, indicating a gain of around 27 per cent. Grey market figures are unofficial.
The Vishal Mega Mart IPO is entirely an offer-for-sale (OFS) of shares by promoter Kedaara Capital-led Samayat Services LLP, Samayat Services LLP, with no fresh issue of equity shares. The supermarket chain’s product range includes both in-house and third-party brands, covering three key categories — apparel, general merchandise, and fast-moving consumer goods.
Vishal Mega Mart IPO allotment expected date: December 16, 2024
Initiation of Refunds process likely to begin on December 17
Credit of Shares to the eligible demat accounts: December 17
Listing on NSE and BSE: Tentative date – December 18
Anchor investors: ICICI Prudential MF, Nomura Funds Ireland Public Ltd, Axis Mutual Fund (MF), SBI Mutual Fund, Government of Singapore, and HDFC MF were allotted shares in teh anchor round.
Book-running lead managers for Vishal Mega Mart IPO: Morgan Stanley India Company, Kotak Mahindra Capital Company, ICICI Securities, Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India. J.P. Morgan India.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Vishal Mega Mart IPO, priced at Rs 74-78, received a 0.78x subscription by December 12, Thursday noon. While the NII portion saw 1.84x subscription, QIBs were at 0.03x and retail at 0.76x. Vishal Mega Mart IPO GMO indicated shares expected to list at 27 per cent premium. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
