Vishal Mega Mart IPO Subscription Highlights: The company launched its IPO on December 11. The IPO closes on December 13. It aims to raise a sum of Rs 8,000 crore. The raised proceeds will go to the bank accounts of promoters and selling shareholders and no money will be used by the company. The IPO price band ranges from Rs 74 to Rs 78 per equity share. The allotment for the IPO is expected to be finalised on December 16. The IPO is likely to be listed on BSE and NSE on December 18, as per the tentative schedule. Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India Company are the book-running lead managers of the IPO, while Kfin Technologies is the registrar for the issue.
Vishal Mega Mart IPO GMP & Subscription Status Highlights
Vishal Mega Mart IPO Subscription Status Live: Where can the IPO allotment status cvan be checked?
Vishal Mega Mart IPO Subscription Status Live: Details of the company
At present, Samayat Services LLP has ownership of 96.55% of the Vishal Mega Mart. The company was established in 2018. The Gurgaon-based supermarket giant provides various range of products, including fast-moving consumer goods, general merchandise, apparel, and in-house as well third-party brands. Currently, the company runs 626 stores all over India and also provides services through its mobile app and website.
Vishal Mega Mart IPO Subscription Status Live: Anchor Investment
Vishal Mega Mart's IPO has secured Rs 2,400 crore from anchor investors. The anchor bidding for the IPO took place on December 10.
Vishal Mega Mart IPO Subscription Status Live: Lead managers and registrars
The book running lead managers for the Vishal Mega Mart IPO are Kotak Mahindra Capital, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India. Kfin Technologies is the registrar for the issue.
Vishal Mega Mart IPO Subscription Status Live: Financial performance
Vishal Mega Mart revenue surged from Rs 5,588 crore in FY22 to Rs 8,911 crore in FY24, marking a CAGR of 26.3 per cent. The company's store count also rose to 611, achieving a CAGR of 10 per cent over the same period.
Vishal Mega Mart IPO Subscription Status Live: Subscription details so far
Vishal Mega Mart IPO has been subscribed 7.76 times on Day 3 so far. The public issue saw demand with the retail segment subscribing 1.90 times, the Qualified Institutional Buyers (QIB) category oversubscribed 15.71 times, and the Non-Institutional Investors (NII) category subscribed 10.83 times.
Vishal Mega Mart IPO Subscription Status Live: GMP update
As of recent trend, the grey market premium for the Vishal Mega Mart IPO dropped to Rs 17 per share. With the upper price band set at Rs 78, the IPO is expected to list at Rs 95 per share, offering a 21.79 per cent premium.
Vishal Mega Mart IPO Subscription Status Live: Subscription status Day 3 till now
As of 11:39 AM (Day 3), Vishal Mega Mart's IPO has been subscribed 2.53 times. The retail category saw 1.60 times subscription, the QIB category 0.64 times, and the NII category 7.23 times.
Vishal Mega Mart IPO Subscription Status Live: Allotment and Listing status
The allocation for the Vishal Mega Mart IPO is expected to be finalised on Monday, December 16, 2024, with the listing scheduled for Wednesday, December 18, 2024, on the BSE and NSE.
Vishal Mega Mart IPO Subscription Status Live Updates: About the company
Established in 2018, Vishal Mega Mart is a prominent hypermarket chain offering a diverse range of products, which includes apparel, groceries, electronics, and household essentials.
Vishal Mega Mart IPO Subscription Status Live Updates: Latest GMP
Vishal Mega Mart IPO is gaining traction in the grey market, with a premium of Rs 16 per share on the third day of bidding. This implies a potential grey market price of Rs 94, a 20.51 per cent jump over the IPO issue price of Rs 78.
Vishal Mega Mart IPO Subscription Status Live Updates: Subscription status
It is the last day to subscribe to the IPO of Vishal Mega Mart. The issue has been booked 1.63 times. The retail investors subscribed to the IPO 1.23 times. However, it was led by the NIIs, who subscribed to the issue more than 4 times.
Vishal Mega Mart IPO Subscription Status Live Updates: All about Vishal Mega Mart Limited
Incorporated in 2001, Vishal Mega Mart is a prominent hypermarket chain offering a wide range of products such as apparel, groceries, electronics, and home essentials. The company features its own brands and third-party brands, catering to the everyday needs of consumers. With 645 stores (as of September 30, 2024) across 414 cities in 28 states and two union territories, it targets middle and lower-middle-income groups. Vishal Mega Mart operates an asset-light model, with 16,537 employees and 6.77 million registered users on its delivery service.
Vishal Mega Mart IPO Subscription Status Live Updates: Here's IPO Anchor Investors Details
Vishal Mega Mart IPO secured Rs 2,400 crore from anchor investors on December 10, 2024. A total of 30,76,92,307 shares were offered under the anchor portion. The lock-in period for 50% of the shares concludes on January 15, 2025, while the remaining shares will be locked until March 16, 2025. This anchor investment underscores strong institutional confidence in the company’s potential, setting a positive tone for its public offering and boosting investor sentiment.
Vishal Mega Mart IPO Subscription Status Live Updates: Vishal Mega Mart IPO Reservation
Vishal Mega Mart's IPO offers a total of 1,02,56,41,026 shares, with specific reservations for different investor categories. 30% (30,76,92,307 shares) is reserved for anchor investors, 20% (20,51,28,206 shares) for Qualified Institutional Buyers (QIB), 15% (15,38,46,154 shares) for Non-Institutional Investors (NII), and 35% (35,89,74,359 shares) for Retail Individual Investors (RII). The maximum allotment for each category includes 38,557 for bNII, 19,278 for sNII, and 18,89,338 for retail investors.
Vishal Mega Mart IPO Subscription Status Live Updates: Know about Vishal Mega Mart IPO Promoter Holding
Vishal Mega Mart's IPO is backed by two promoters: Samayat Services LLP and Kedaara Capital Fund II LLP. Prior to the issue, their combined shareholding stood at 96.46%, which will reduce to 76.02% post-issue.
Vishal Mega Mart IPO Subscription Status Live Updates: Vishal Mega Mart IPO Lot Size
Vishal Mega Mart's IPO offers a minimum lot size of 190 shares, priced at Rs 14,820. Retail investors can bid for up to 13 lots (2,470 shares) worth Rs 192,660. Small High Net-Worth Individuals (S-HNIs) can start with 14 lots (2,660 shares) at Rs 207,480, going up to 67 lots (12,730 shares) for Rs 992,940. Big HNIs (B-HNIs) can bid for a minimum of 68 lots (12,920 shares), valued at Rs 1,007,760, providing diverse investment options across investor categories.
Vishal Mega Mart IPO Subscription Status Live Updates: All you need to know about Vishal Mega Mart IPO
Priced between Rs 74 to Rs 78 per share with a lot size of 190 shares, the Vishal Mega Mart IPO aims to raise Rs 8,000 crore through an Offer for Sale of 1,025,641,025 shares. The shares have a face value of ₹10 and will be listed on BSE and NSE. The company's pre- and post-issue shareholding remains unchanged at 4,508,719,493 shares, indicating no fresh equity issue. The IPO is a Book Built Issue type.
Vishal Mega Mart IPO Subscription Status Live Updates: Vishal Mega Mart IPO Key dates
The Vishal Mega Mart IPO opened on December 11, 2024, and will close on December 13, 2024. Key dates include the basis of allotment on December 16, initiation of refunds and credit of shares to Demat accounts on December 17, and the IPO listing on December 18, 2024. Investors must confirm their UPI mandate by 5 PM on December 13, 2024.
Vishal Mega Mart IPO Subscription Status Live Updates: Sustainability measures by VMML
The company has introduced sustainability measures, including the reduced use of cardboard boxes for their footwear products and installing shampoo dispensers at select stores for consumers to conveniently refill their shampoo bottles, among others.
Vishal Mega Mart IPO Subscription Status Live Updates: IPO booked fully
The issue was fully booked on December 12 i.e. day 02. The IPO was subscribed 1.2 times. The retailers booked it 100% while the NIIs subscribed to the issue 2.86 times.
Vishal Mega Mart IPO Subscription Status Live Updates: Financial update
Vishal’s revenue grew from Rs 5,588 crore in FY22 to Rs 8,911 crore in FY24 with a CAGR of 26.3%, primarily due to an increase in revenue from existing and new stores. The number of stores has increased to 611 at a CAGR of 10% during the same period.
Vishal Mega Mart IPO Subscription Status Live Updates: Business model update
Inventory days have reduced from 71 days in FY22 to 60 days for the six-month period ended September 30, 2024. All stores of Vishal Mega Mart are operated on a leasehold basis; this model allows them to roll out new stores with optimal upfront investment and deliver short payback periods on per-store investment.
Vishal Mega Mart IPO Subscription Status Live Updates: Focused on network expansion
Vishal Mega Mart (VMML) has a widespread network in Tier 1 (30%) and Tier 2 (70%) cities in India, with 645 stores as of September 2024. Around 43% is concentrated in Northern states, followed by 29% in eastern/ north-eastern states. VMML plans to open 90-100 stores annually, with visibility of opening 1,400 stores over next 15 years. New stores will be a mix of increasing presence in tier 1 cities (200-250 stores), foraying in 17 tier 1 towns, where it is currently not present 200 stores, and expanding into new tier 2+ towns (900 stores). Next phase of expansion will focus on entry into Kerala, Gujarat, Maharashtra, and Tamil Nadu.
Vishal Mega Mart IPO Subscription Status Live Updates: Lemonn's take on Vishal Mega Mart
"A strong Same-Store Sales Growth (SSSG) of 14% highlights operational efficiency and sustained customer demand. The projected valuation metrics—PE of 76x and EV/EBITDA of 29x underscore its growth trajectory and solid market positioning. Vishal Mega Mart represents an attractive prospect for long-term investors seeking exposure to India’s growing organized retail market," said Gaurav Garg, Research Analyst at Lemonn.
Vishal Mega Mart Ltd brings investors an opportunity to invest in a prominent retailer catering to India's growing middle- and lower middle-income demographics, said Rajan Shinde, Research Analyst at Mehta Equities. "We think the company’s extensive portfolio of affordable, quality and branded products positions it well in the rapidly expanding aspirational retail market, projected to grow at a 9% CAGR to Rs 104-112 trillion by 2028." With 451 stores in Tier 2 cities and beyond, the company is strategically focused on underpenetrated markets, leveraging its diversified merchandise mix and value pricing to attract and retain customers.
Vishal Mega Mart IPO Subscription Status Live Updates: Company's online presence
Vishal Mega Mart has enabled 600 of its stores for hyperlocal deliveries in 2 hours within an 8-10km radius. The contribution from the online channel is currently negligible, but initial signs have been encouraging, with top-up purchases happening through online.
Vishal Mega Mart IPO Subscription Status Live Updates: Mehta Equities on IPO
"Given the plans to tap into cities with populations over 50,000 and strengthen its existing footprint, Vishal Mega Mart is poised to capitalize on India’s expanding urbanization and retail trends. The steady increase in store count across key geographies further supports the scalability of its business model. Hence, looking at all attributes we recommend investors to “Subscribe” to the Vishal Mega Mart IPO for a long-term perspective," said Rajan Shinde, Research Analyst, Mehta Equities.
Vishal Mega Mart IPO Subscription Status Live Updates: Motilal Oswal on Vishal Mega Mart
"Vishal Mega Mart, the 2nd largest offline-first diversified retailer, is well placed to capitalize on the growing middle class population in India. Extensive expansion plans along with focus on diversification, high margin products and operating leverage is likely to bolster revenue growth. At Rs 78, issue is priced at 76x FY24 P/E and looks reasonable compared to other listed peers. We recommend investors to ‘Subscribe’ to the issue," said Motilal Oswal in an IPO note.
"If FY25 annualized earnings are attributed to its post-IPO fully diluted paid-up equity capital, the asking price corresponds to a P/E of 69.03. Based on FY24 earnings, the P/E stands at 75.73, indicating that the issue is aggressively priced," said Bajaj Broking in an IPO note.