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V-Mart Retail IPO is a book build issue of ₹94.42 crores. The issue is a combination of fresh issue of 0.28 crore shares aggregating to ₹57.98 crores and offer for sale of 0.17 crore shares aggregating to ₹36.44 crores.
V-Mart Retail IPO bidding started from Feb 1, 2013 and ended on Feb 5, 2013. The shares got listed on BSE, NSE on Feb 20, 2013.
V-Mart Retail IPO price band is set at ₹210.00 per share . The lot size for an application is 66. The minimum amount of investment required by an retail is ₹12,870 (66 shares). The lot size investment for sNII is 15 lots (990 shares), amounting to ₹2,07,900, and for bNII, it is 73 lots (4,818 shares), amounting to ₹10,11,780.
Anand Rathi Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to V-Mart Retail IPO RHP for detailed Information.
| IPO Date | February 1, 2013 to February 5, 2013 |
| Listing Date | February 20, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹195 to ₹215 per share |
| Issue Price Final | ₹210 per share |
| Lot Size | 66 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 44,96,000 shares (aggregating up to ₹94.42 Cr) |
| Fresh Issue | 27,61,000 shares (aggregating up to ₹57.98 Cr) |
| Offer for Sale | 17,35,000 shares of ₹10 (aggregating up to ₹36.44 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,51,97,778 shares |
| Share Holding Post Issue | 1,79,58,778 shares |
V Mart Retail IPO offers total 44,96,000 shares. Out of which 22,48,000 (50.00%) allocated to QIB, 15,73,600 (35.00%) allocated to QIB, 6,74,400 (15.00%) allocated to NII, 15,73,600 (35.00%) allocated to RII and 6,74,400 (15.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 22,48,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 6,74,400 (15.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 15,73,600 (35.00%) | NA |
| NII (HNI) Shares Offered | 6,74,400 (15.00%) | NA |
| Retail Shares Offered | 15,73,600 (35.00%) | 23,842 |
| Total Shares Offered | 44,96,000 (100.00%) |
V-Mart Retail IPO opens on February 1, 2013, and closes on February 5, 2013.
| IPO Open Date | Fri, Feb 1, 2013 |
| IPO Close Date | Tue, Feb 5, 2013 |
| Tentative Listing Date | Wed, Feb 20, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 5, 2013 |
Investors can bid for a minimum of 66 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 66 | ₹13,860 |
| Retail (Max) | 14 | 924 | ₹1,94,040 |
| S-HNI (Min) | 15 | 990 | ₹2,07,900 |
| S-HNI (Max) | 72 | 4,752 | ₹9,97,920 |
| B-HNI (Min) | 73 | 4,818 | ₹10,11,780 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2002, V-mart is a medium-sized hypermarket format retail chain based in New Delhi. They are multi-brand family store offers apparels, general merchandise and kirana bazar.
VMRL has established stores in Metro, Tier-I, Tier-II and Tier-III cities which are primarily located as standalone stores in high-street areas and shopping hubs of such cities. The average size of store is approximately 8,000 Sq. Ft. The company follows the concept of "value retailing" to target the strata of the population belonging to the expanding “aspiring class‟ and “middle class‟ and is based on customer’s socio-economic conditions, purchasing power, demographic details and customer trends. Its offerings in untapped markets provide customers with a different shopping experience, comprising of a vast range of value retail products under a modern ambience and feel of a large retail mall.
V-mart have more than 62 stores across 53 cities including metro cities with a total area of more than 4 lac sq.ft. Company's stores are located in prime cities such as New Delhi, Gujarat, Uttar Pradesh, Bihar, Punjab, Chandigarh, Haryana, Jammu and Kashmir, Rajasthan and Madhya Pradesh. They are setting up stores across various small Indian towns and cities including Sultanpur, Ujjain, Motihari. Their aim is to provide fancy garments at lower price points in an organised modern retail format to middle and lower middle classes.
| Particulars | For the year/period ended (in Rs. Million) | |||||
| 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | ||
| Total Income | 2,819.54 | 2,147.98 | 1,441.56 | 1,423.57 | 980.71 | |
| Profit After Tax (PAT) | 106.12 | 62.65 | 23.26 | 10.46 | 35.24 | |
| KPI | Values |
|---|---|
| RoNW | 20.2% |
The Company V-Mart Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To open 60 new stores | 69.70 |
| 2 | Expansion of distribution centres | 4.39 |
| 3 | Working Capital | 10.00 |
| 4 | General Corporate Purpose |
[Dilip Davda] <p>On company's performance front, for last three years it has posted an average EPS (Earning per share) of Rs. 5.84 and for first eight months of current fiscal it has earned Rs. 8.61 per share on equity post pre-IPO placement. Its NAV stands at Rs. 61.83 as on 06.01.13. After this issue, its equity will increase to Rs. 17.96 crore and if we attribute these earnings then EPS stands at Rs. 7.28 that brings asking price at a P/E (Price Earnings) of 26.8 to 29.5 based on lower and upper price band and around 3.2 P/BV (Price to book value). Its peers are trading around 56 to 230 P/E thus the issue is priced reasonably. Investment is recommended in this IPO, considering retail play post FDI in multi brand in place.</p> Read detail review...
CARE has assigned an IPO Grade 3 to V-Mart Retail Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read V-Mart Retail IPO Report
| Listing Date | February 20, 2013 |
| BSE Script Code | 534976 |
| NSE Symbol | VMART |
| ISIN | INE665J01013 |
| Final Issue Price | ₹210 per share |
| BSE Listing Group | T |
V-Mart Retail Ltd.
F-11, Udyog Nagar Industrial Area,
Peeragarhi, Rohtak Road,
New Delhi – 110 041, India
New Delhi, New Delhi
Phone: +91 11 4525 4444
Email: compliance@vmart.co.in
Website: http://www.vmart.co.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: v-mart.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
V-Mart Retail IPO is a main-board IPO of 44,96,000 equity shares of the face value of ₹10 aggregating up to ₹94.42 Crores. The issue is priced at ₹210 per share. The minimum order quantity is 66.
The IPO opens on February 1, 2013, and closes on February 5, 2013.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in V-Mart Retail IPO using UPI as a payment gateway. Zerodha customers can apply in V-Mart Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in V-Mart Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The V-Mart Retail IPO opens on February 1, 2013 and closes on February 5, 2013.
V-Mart Retail IPO lot size is 66, and the minimum amount required for application is ₹13,860.
You can apply in V-Mart Retail IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for V-Mart Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the V-Mart Retail IPO allotment status.
The V-Mart Retail IPO listing date is on Wednesday, February 20, 2013.
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