Vishal Mega Mart IPO
- IPO Date11 Dec, 2024 to 13 Dec, 2024
- Listing Date18 Dec, 2024
- Face Value₹10 per share
- Issue Price₹74 to ₹78 per share
- Lot Size190 Shares
- Minimum Investment₹14,820
- Listing AtBSE, NSE
- Total Issue Size1,02,56,41,025 Shares
(aggregating up to ₹8000.00 Cr) - Fresh Issue-
- Offer for Sale1,02,56,41,025 Shares
(aggregating up to ₹8000.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue4,50,87,19,493
- Shareholding post issue4,50,87,19,493
IPO Dates
Closing Date
13 Dec, 2024
Initiation of Refunds
17 Dec, 2024
Listing Date
18 Dec, 2024
11 Dec, 2024
Opening Date
16 Dec, 2024
Basis of Allotment
17 Dec, 2024
Credit of Shares
Vishal Mega Mart Lot Size
Investors can bid for a minimum of 190 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 2660 | ₹2,07,480 |
| Retail (Min) | 1 | 190 | ₹14,820 |
| B-HNI (Min) | 68 | 12920 | ₹10,07,760 |
| Retail (Max) | 13 | 2470 | ₹1,92,660 |
| S-HNI (Max) | 67 | 12730 | ₹9,92,940 |
Vishal Mega Mart Promoter Holding
Samayat Services LLP and Kedaara Capital Fund II LLP are the promoters of the Company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.46% | 76.02% |
Vishal Mega Mart COMPANY INFORMATION
Vishal Mega Mart IPO is a book built issue of Rs 8,000.00 crores. The issue is entirely an offer for sale of 102.56 crore shares. Vishal Mega Mart IPO opens for subscription on December 11, 2024 and closes on December 13, 2024. The allotment for the Vishal Mega Mart IPO is expected to be finalized on Monday, December 16, 2024. Vishal Mega Mart IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 18, 2024. Vishal Mega Mart IPO price band is set at ₹74 to ₹78 per share. The minimum lot size for an application is 190 Shares. The minimum amount of investment required by retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (2,660 shares), amounting to ₹207,480, and for bNII, it is 68 lots (12,920 shares), amounting to ₹1,007,760. Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited and Morgan Stanley India Company Pvt Ltd are the book running lead managers of the Vishal Mega Mart IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Vishal Mega Mart IPO RHP for detailed information.
Incorporated In 2001, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.
They own their brands and third-party brands to meet the everyday needs of consumers. The company offers a wide range of products across apparel, general merchandise, and FMCG, including its brands for clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples.
The company targets middle and lower-middle-income people, through a Pan India network of 645 Vishal Mega Mart stores (as of September 30, 2024) and their Vishal Mega Mart mobile app and website. As of September 30, 2024, the company has a presence across 414 cities in 28 states and two union territories.
The company operates an asset-light business model, leasing all its distribution centers and stores, while its products are manufactured by third-party vendors or sourced from third-party brands.
As of September 30, 2024, their direct local delivery service, managed by their employees, had 6.77 million registered users and was available in 600 stores across 391 cities in India.
The Company Ranked as one of the top two offline-first diversified retailers in India. As of September 30, 2024, they had 16,537 employees.
Their portfolio of own Brands:
- Apparel: Classics, Fashion, Denim, Ethnic
- General Merchandise: Tandem Home Appliances, Home Select, Home Finery
- FMCG: Savory Products, Staples, Home Care
Their Strengths:
- Serving a Large and Growing Section of the Indian Population
- Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base
- Diverse and Growing Portfolio of their Brands across Product Categories
- Pan-India Presence with a Track Record of Successful Store Growth
- Technology Enabled and Systems Driven Operations
- Professional and Experienced Management Team
- Track Record of Delivering Revenue, Profit Growth and Capital Efficiency
Vishal Mega Mart IPO
IPO Overview and Key Highlights
Vishal Mega Mart, a prominent retail chain in India, is launching its Initial Public Offering (IPO). The IPO comprises an Offer for Sale (OFS) of equity shares valued at ?80,000 million, with shares proposed to be listed on the NSE and BSE. This marks Vishal Mega Mart’s debut in the public equity markets, aiming to raise funds for business expansion and operational purposes.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Offer Size: Equity shares worth ?80,000 million
- Face Value: Rs 10 per share
- Offer Opens: December 11, 2024
- Offer Closes: December 13, 2024
- Listing Exchange: NSE and BSE
Company Overview
Incorporated in 2018, Vishal Mega Mart has positioned itself as a leading retail chain offering value-for-money products across categories such as groceries, apparel, and home essentials. Headquartered in Gurugram, Haryana, the company is supported by experienced promoters, Samayat Services LLP and Kedaara Capital Fund II LLP?.
Financial Overview
The company has reported steady revenue growth fueled by increasing market penetration and operational efficiencies. Proceeds from the IPO will primarily fund expansion plans and reinforce financial health.
Key Strengths of Vishal Mega Mart
- Strong Brand Presence: Recognized for affordable pricing and extensive product range.
- Growing Market Share: Continues to strengthen its footprint in Tier II and Tier III cities.
- Prominent Promoters: Backed by experienced financial and strategic partners.
IPO Pros and Cons
Pros
- Retail Industry Growth: Capitalizing on India’s expanding consumer base.
- Strong Promoter Backing: Support from experienced and financially robust promoters.
- Operational Focus: Proceeds will enhance supply chain and distribution networks.
Cons
- Market Dependency: Revenue is sensitive to economic and consumer trends.
- Regulatory Challenges: Compliance with retail and environmental regulations.
- Competitive Market: Faces stiff competition from established retail players?.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: Dependent on consumer spending patterns and discretionary income.
- Operational Challenges: Managing expansion across new geographies efficiently.
- Regulatory Risks: Evolving retail sector regulations could impact operations.
Conclusion
The Vishal Mega Mart IPO offers investors an opportunity to participate in one of India’s prominent retail chains. With its established brand, expanding market reach, and strong promoter backing, Vishal Mega Mart is poised for growth. However, potential investors must assess risks related to market competition, regulatory compliance, and economic sensitivity before investing.
FAQs About Vishal Mega Mart Ipo
Vishal Mega Mart IPO will open on 11 Dec, 2024 and close on 13 Dec, 2024. Investors must apply within this period to participate.
The Vishal Mega Mart IPO price band is set between ₹74.00 and ₹78.00 per share. The minimum lot size is 190, requiring an investment of at least ₹14820.00.
The Vishal Mega Mart IPO shares are expected to be listed on 18 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Vishal Mega Mart IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Vishal Mega Mart IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.