Vishal Mega Mart Ltd IPO
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Vishal Mega Mart Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 10,256.41 L | ₹ 10,256.41 L | ₹ 3,694.74 L | ₹ 44,531.19 L | BSE | ₹ 8000 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 11 Dec, 24 | 13 Dec, 24 | 190 | ₹ 14,060 | Book Building | 18 Dec, 24 |
Vishal Mega Mart Ltd IPO Dates
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 | 0.2x | 527820513 | 103205720 |
| NII | 3.94x | 158346154 | 623120010 |
| Retail | 1.19x | 369474359 | 439779130 |
| Employee | 0x | 0 | 0 |
| Total | 1.14x | 1025641026 | 1166104860 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Vishal Mega Mart Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 8,911.95 | 7,586.04 | 5,588.52 |
| EBITDA | 708.64 | 580.61 | 490.25 |
| PAT | 317.86 | 246.51 | 191.34 |
| Total Assets | 2,283.15 | 2,293.99 | 1,936.94 |
| Share Capital | 4,508.72 | 4,506.59 | 4,503.30 |
| Total Borrowings | 108.61 | 170.10 | 517.02 |
| Operating Activities (Net Cash) | 459.62 | 372.09 | 308.18 |
| Investing Activities (Net Cash) | 38.52 | 42.53 | 482.48 |
| Financing Activities (Net Cash) | 108.61 | 170.10 | 517.02 |
| Net Cashflow | 28.45 | 113.81 | 135.28 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Avenue Supermarts Ltd
- Trent Ltd
Vishal Mega Mart Ltd IPO 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.
- 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.
How To Apply for Vishal Mega Mart Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
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.