IPO - Check IPO Date, Price, Lot Size

Vishal Mega Mart Ltd IPO

We are a one stop destination for middle and lower-middle income India. We curate a diverse range of merchandize through our portfolio of own brands and third party brands to fulfil the aspirational and daily needs of consumers. We offer products across three major product categories, i.e., apparel, general merchandise and fast-moving consumer goods, through a pan-India network of 645 Vishal Mega Mart stores and our Vishal Mega Mart mobile application and website, as of September 30, 2024.

Vishal Mega Mart Ltd IPO Details

Total Shares Offered

₹ 1,02,56,41,026

Offer to Public

1,02,56,41,026

Retail Max (Shares)

₹ 36,94,74,359

Pre Issue Promoters Holding

₹ 4,45,31,18,981

Exchange

BSE

Issue size

₹ 8000 Cr

IPO Open Date

Dec 11, 2024

Close Date

Dec 13, 2024

Lot Size

190

Min Investment

₹ 14,060

Issue Type

Book Building

Listing Date

Dec 18, 2024

Vishal Mega Mart Ltd IPO Dates

Dec 11, 2024

Opening date

Dec 13, 2024

Closing date

Dec 16, 2024

Basis of Allotment

Dec 17, 2024

Initiation of Refunds

Dec 17, 2024

Credit of Shares

Dec 18, 2024

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	33.08x	527820513	17458559260
NII	14.59x	158346154	2309991880
Retail	2.37x	369474359	873966560
Employee	0x	0	0
Total	20.13x	1025641026	20642517700

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

33.08x

14.59x

2.37x

20.13x

527820513

158346154

369474359

1025641026

17458559260

2309991880

873966560

20642517700

Vishal Mega Mart Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	10,716.35	8,911.95	7,586.04
EBITDA	952.22	708.64	580.61
PAT	472.57	317.86	246.51
Total Assets	2,646.45	2,321.53	2,293.98
Share Capital	4,597.43	4,508.72	4,506.59
Total Borrowings	76.49	146.99	170.09
Operating Activities (Net Cash)	632.65	459.62	372.09
Investing Activities (Net Cash)	452.73	38.52	42.53
Financing Activities (Net Cash)	76.49	146.99	170.09
Net Cashflow	151.99	28.45	113.81

About Vishal Mega Mart Ltd

Our Company was originally incorporated as `Rishanth Wholesale Trading Private Limited' at Gurugram, Haryana as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated March 27, 2018, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi (RoC). Subsequently, the name `Rishanth Wholesale Trading Private Limited' was changed to `Vishal Mega Mart Private Limited' and a fresh certificate of incorporation was issued by the RoC on May 28, 2020. Subsequently, our Company was converted to a public limited company and the name of our Company changed to `Vishal Mega Mart Limited' pursuant to a Shareholders' resolution dated April 26, 2024 and a fresh certificate of incorporation dated May 10, 2024 was issued by the RoC.

The total addressable market for aspirational retail in India is Rs.68-72 trillion (US$ 820-870 billion) for calendar year 2023, and is expected to be Rs.104-112 trillion (US$ 1,250-1,350 billion) by calendar year 2028, growing at a CAGR of 9% (Source: Redseer Report at page 135). Within the aspirational retail market, there has been a consistent shift towards organized retail primarily due to increasing baselines for quality, availability of wider assortment, better pricing especially in fast-moving consumer goods, denser urban areas, and large whitespace for organized retailers in aspirational retail.

Peer Comparison:

Avenue Supermarts Ltd
Trent Ltd

Vishal Mega Mart Ltd Key Points

Strengths

Serving a Large and Growing Section of the Indian Population.

Consumer-centric approach resulting in loyal consumer base.

Diverse and Growing Portfolio of Own Brands across Product Categories.

Pan-India Presence with a Track Record of Successful Store Growth.

Technology Enabled, Systems Driven Operations.

Risk

The company does not manufacture any of the products that are sold in its stores, and the company relies entirely on third party vendors for the manufacturing of all products under its own brands who are required to meet the company product specification, quality, design and manufacturing standards, which subjects it to risks, which, if materialized, could adversely affect its business, results of operations, cash flows and financial condition.

The Company has received two directives with requests for information from the Enforcement Directorate to furnish information and documents as part of its investigation and any possible penalties/action. Any adverse outcome in such matters may lead to future inquiries or escalate to investigations, legal proceedings or any possible penalties.

If the company fails to identify and effectively respond to changing consumer preferences in a timely manner, the demand for its products could decrease, causing the company's business, results of operations, financial condition and cash flows to be adversely affected.

Strategy

Expand our Pan-India Store Network.

Drive Same-Store Sales Growth through Multiple Initiatives.

Commitment to Consumer Centricity: Aspirational, Affordable and Accessible.

Driving Cost Efficiencies Across our Operations.

How To Apply for Vishal Mega Mart Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Vishal Mega Mart Ltd IPO?

Vishal Mega Mart Ltd's IPO offers shares for up to 0 It begins on Dec 11, 2024 and ends on Dec 13, 2024.

What is the price of the Vishal Mega Mart Ltd IPO?

The price of Vishal Mega Mart Ltd IPO ranges between ₹74 to ₹78 per share.

What are the open and close dates for the Vishal Mega Mart Ltd IPO?

The Vishal Mega Mart Ltd IPO opens on Dec 11, 2024 and closes on Dec 13, 2024.

When will the Vishal Mega Mart Ltd IPO be allotted?

The allotment for the Vishal Mega Mart Ltd IPO will be finalised on Dec 16, 2024. The shares will be listed on BSE and NSE on Dec 18, 2024.

What is the minimum lot size required for Vishal Mega Mart Ltd IPO?

The minimum lot size for Vishal Mega Mart Ltd IPO is 190 shares, priced between ₹74 to ₹78 per share.

What is the GMP of Vishal Mega Mart Ltd IPO?

The GMP (Grey Market Premium) of Vishal Mega Mart Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Vishal Mega Mart Ltd IPO?

To check the allotment status of Vishal Mega Mart Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Vishal Mega Mart Ltd IPO getting listed?

The Vishal Mega Mart Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 11, 2024, and closes on Dec 13, 2024. The allotment is finalised on Dec 16, 2024.

How do you apply for the Vishal Mega Mart Ltd IPO?

To apply for the Vishal Mega Mart Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.