Vishal Mega Mart Limited IPO
MainboardDiversified Retail
Listed On: Dec 18, 2024 at ₹ 104.0(NSE)
₹ 14820 /190 Shares
Check AllotmentPrice Summary
Last Closing
133.75 (71.47%)52 Week High
137.8052 Week Low
95.99Last Update
30-Jun-2025 3:30 PM11 Dec, 2024
Open Date13 Dec, 2024
Close Date16 Dec, 2024
Allotment Date18 Dec, 2024
Listing DateIssue Price
₹74-78 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
104.0(NSE)Listing Date
2024-12-18Market Lot
Retail : 190 Shares (₹14,820/-)S-HNI : 2,660 Shares (₹2,07,480/-)
B-HNI : 12,920 Shares (₹10,07,760/-)
Lead Manager
Kotak Mahindra Capital Company LimitedICICI Securities Limited
Intensive Fiscal Services Private Limited
Jefferies India Private Limited
J.P. Morgan India Private Limited
Morgan Stanley India Company Pvt Ltd
Issue Size
OFS : 1,025,641,025 shares of ₹2(aggregating up to ₹8,000 Crores)Retail Portion
35% (Number of Retail Applications: 18,89,339 Approx),(Number of S-HNI Applications : 19,279 Approx),
(Number of B-HNI Applications : 38,558 Approx)
Subscription
27.28 timesVishal Mega Mart IPO Details
Vishal Mega Mart IPO is a book-built issue of ₹8000 crores, The total issue size is ₹8000 crores. The IPO of Vishal Mega Mart is priced at ₹74-78 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Dec 11, 2024 and ends on Dec 13, 2024. The allotment for Vishal Mega Mart IPO will be finalized on Dec 16, 2024. Vishal Mega Mart IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 18, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 190 shares, extendable to 14,820. The book-running lead manager for the IPO is/are Kotak Mahindra Capital Company Limited , ICICI Securities Limited , Intensive Fiscal Services Private Limited , Jefferies India Private Limited , J.P. Morgan India Private Limited , Morgan Stanley India Company Pvt Ltd.
an Offer for Sale (OFS) of 1,02,56,41,025 shares to mop up ₹8000 crore.
The Vishal Mega Mart IPO sets its price band at 74-78 for each share. A single application for Vishal Mega Mart Limited IPO must contain at least 190 shares. Sentiment investors need to invest a minimum of 190 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,820
Vishal Mega Mart IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 205,128,206 | 153,846,154 102,564,103 51,282,051 | 358,974,359 | 717,948,719 |
| Day 1 - 11-12-24 05:00 PM | 0.03 x | 1.11 1.16 x 1.02 x | 0.53 x | 0.51 x |
| Day 2 - 12-12-24 05:00 PM | 0.48 x | 3.84 4.18 x 3.17 x | 1.16 x | 1.54 x |
| Day 3 - 13-12-24 05:00 PM | 80.75 x | 14.24 16.45 x 9.84 x | 2.31 x | 27.28 x |
Vishal Mega Mart Valuations
EPS Pre IPO
₹1.02/-EPS Post IPO
₹1.13/-P/E Pre IPO
76.13P/E Post IPO
69.19ROCE
68.76%RoNW
8.18%PAT Margin
5.18Price to Book Value
6.23Vishal Mega Mart Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 8,506.08 | 8,288.91 | 8,217.98 |
| Revenue | 8,945.13 | 7,618.89 | 5,653.85 |
| Profit After Tax | 461.94 | 321.27 | 202.77 |
| Net Worth | 5,646.59 | 5,180.84 | 4,849.93 |
| Reserves & Surplus | 1,113.12 | 649.50 | 321.88 |
About The Company
Vishal Mega Mart, one of the Indian hypermarket chains with a huge focus on fashion, has been revolutionizing retailing in India since its inception in the year 2001. Fashion that's stylish yet not priced in the sky has created an exciting opportunity for serving an all-inclusive target market within Women's, Men's, and Kids'. The brand extends its value proposition from the Clothing division to Home and Kitchen appliances and travel gear. A very strong Food and Groceries section with a good range of all essential FMCG products, including personal care and household items.
As of December 31, 2023, Vishal Mega Mart has a strong franchise network of 589 stores in over 350 cities covering more than 10.6 million square feet of retail space. The footprint therefore ensures access for millions of shoppers to everyday needs and lifestyle upgrades.
Strategic Growth and Ownership:
The acquisition of a majority stake by Switzerland's Partners Group and India's Kedaara Capital in 2018 was the transformative journey that helped Vishal Mega Mart become the growth engine and the efficiency machine that it is today.
Vishal Mega Mart - Strength and Weakness
Serving middle-income groups with affordable product portfolios.
Extensive network of 645 stores across India.
Technology-driven, efficient, and cost-effective operations management.
Trust built through affordability, variety, and quality products.
Adapting to shifting consumer preferences is a challenge.
Revenue concentrated in a few states poses geographic risks.
Reliance on third-party vendors for consistent production.
Vishal Mega Mart - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Vishal Mega Mart | 5.94 | 67.5 | 8.18% | 9,763 |
| Avenue Supermarts | 12.3 | 92.2 | 14.5% | 54,813 |
| Trent Limited | 53.2 | 183 | 27.2% | 15,025 |
Vishal Mega Mart - Promoter(s)
Pre Issue Share Holding: 96.46%
Post Issue Share Holding: 76.02%
- Samayat Services LLP
- Kedaara Capital Fund II LLP
Vishal Mega Mart IPO - Issue Objectives
- The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.
Vishal Mega Mart IPO - Anchor Investors
Marquee global institutional investors participated in the anchor book included Government of Singapore, Monetary Authority of Singapore, JP Morgan, Custody Bank of Japan, Nomura, Blackrock, Government Pension Fund Global, Schroder International Selection Fund, HSBC Global, TIMF Holdings, CLSA Global, and Prudential Hong Kong.
Domestic institutional investors like SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra AMC, Nippon Life India, Axis Mutual Fund, Aditya Birla Sun Life Trustee, Franklin, Mirae Asset, HDFC Life Insurance, SBI Life Insurance, Canara Robeco MF, Invesco, Tata MF, Max Life Insurance, Bajaj Holdings, UTI MF, Bajaj Allianz General Insurance, Baroda BNP Paribas MF, and Kotak Mahindra Life Insurance also received shares in the anchor list.
Other Details
Vishal Mega Mart
Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016Phone: +91 124 - 4980000
Email: secretarial@vishalwholesale.co.in
Website: https://www.aboutvishal.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vmm.ipo@kfintech.com
Vishal Mega Mart IPO - FAQs
Ans. Vishal Mega Mart Limited IPO is a Mainboard IPO. The issue is priced at ₹74-78 per equity share. The minimum order quantity is 190 Shares. The IPO opens on Dec 11, 2024, and closes on Dec 13, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Vishal Mega Mart Limited IPO opens on Dec 11, 2024 and closes on Dec 13, 2024.
Ans. The size of Vishal Mega Mart Limited IPO is OFS : 1,025,641,025 shares of ₹2(aggregating up to ₹8,000 Crores).
Ans. The IPO price band is set between ₹74-78 per equity share.
Ans. To apply for Vishal Mega Mart Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Vishal Mega Mart Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Vishal Mega Mart Limited IPO is Dec 16, 2024.
Ans. The Vishal Mega Mart Limited IPO will be listed on Dec 18, 2024.
Ans. Follow the steps to check the allotment status for Vishal Mega Mart Limited IPO here.
