ishal Mega Mart Share Price Highlights: The company hit the D-Street with a premium of 33% to the issue price on December 18. The company’s IPO was subscribed to a total of 28.75 times. The retailers booked it 2.43 times and NIIs 15 times. The QIBs subscribed to it 85.11 times. The company raised Rs 8,000 crore by selling 102.56 crore fresh shares.
The IPO bidding was started on December 11 and ended on December 13. The allotment of shares was finalised on December 16. The price band ranged from Rs 74 to Rs 78 per equity share. 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.
Vishal Mega Mart Share Price Highlights: Vishal Mega Mart GMP, price band, subscription status latest
Vishal Mega Mart IPO Share Price Live Updates: Mehta Equities on IPO post listing
"We had recommended allotted conservative investors can think of booking profits anything above 15%. While long term investors should consider the company to hold it for the long term despite knowing short-term volatility & risk in the markets. For non-allotted investors, we advise to accumulate if we get dips post listing due to profit booking attempts but for the long term only," said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
Vishal Mega Mart IPO Share Price Live Updates: Master Capital's take post listing
"Short-term investors may consider booking profits given the listing gains, while long-term investors should monitor the company’s same-store sales growth and margin expansion before deciding to hold. New investors should avoid entry at current levels and wait for a price dip before entering," said Vishnu Kant Upadhyay, Assistant Vice President of Research and Advisory at Master Capital Services.
Vishal Mega Mart IPO Share Price Live Updates: Bajaj Broking post listing on VMML
"Vishal Mega Mart made a strong debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 18, 2024. The company’s shares opened at Rs 110 on the BSE, reflecting a 41% premium over the issue price of Rs 78, and at Rs 104 on the NSE, showing a 33.33% premium. This solid performance highlights investor confidence in the company's future growth and its strategic position in India's retail market," said Bajaj Broking in an IPO note.
Vishal Mega Mart IPO Share Price Live Updates: Mehta Equities on listing
"Allotted conservative investors can think of booking profits above 25%. While long term investors should consider the company to hold it for the long term despite knowing short-term volatility & risk in the markets. For non-allotted investors, we advise to accumulate if we get dips post listing due to profit booking attempts," said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
Vishal Mega Mart IPO Share Price Live Updates: Stock up 7%
Shares of Vishal Mega Mart rose almost 7% to an intra-day high of Rs 111.19 after listing at a price of 104. The stock was listed at a premium of 33%.
The stock of Vishal Mega Mart was trading 3% higher at Rs 107.10 from its opening price on the National Stock Exchange. Vishal Mega Mart is listed at Rs 104 on the National Stock Exchange, a premium of 33% to the issue price. On the BSE, the stock is listed at Rs 110, a premium of 41%.
Vishal Mega Mart IPO Share Price Live Updates: Lists at 33% premium
Shares of Vishal Mega Mart hit the D-Street with a premium of 33% to the issue price. It was listed at Rs 104 on the NSE. While it was listed at Rs 110 on the BSE, a premium of 41%.
Vishal Mega Mart IPO Share Price Live Updates: Mehta Equities' take 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” the Vishal Mega Mart Ltd IPO for long perspective,” said Rajan Shinde, Research Analyst at Mehta Equities.
Vishal Mega Mart IPO Share Price Live Updates: GMP update
The company's shares were attracting a premium of 28.21% in the grey market, indicating a positive listing for Vishal Mega Mart. Teh grey market is an unofficial place to trade shares ahead of listing.
Vishal Mega Mart IPO Share Price Live Updates: Online presence negligible
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 Share Price Live Updates: IPO details
The IPO was closed on December 13 and opened on December 11. The company raised Rs 8,000 crore by selling 102.56 crore shares of promoters and selling shareholders. The allotment of shares was finalised on December 16. Vishal Mega Mart's IPO price band was set between Rs 74 to Rs 78 per equity share.
Vishal Mega Mart IPO Share Price Live Updates: All set for debut
The company is all set to make its secondary markets debut on December 18. The IPO received a good response from investors, who subscribed it 28.75 times. The retail investors booked the issue 2.43 times.