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Vishal Mega Mart IPO is a book build issue of ₹8,000.00 crores. The issue is entirely an offer for sale of 102.56 crore shares of ₹8,000.00 crore.
Vishal Mega Mart IPO bidding started from Dec 11, 2024 and ended on Dec 13, 2024. The allotment for Vishal Mega Mart IPO was finalized on Dec 16, 2024. The shares got listed on BSE, NSE on Dec 18, 2024.
Vishal Mega Mart IPO price band is set at ₹78.00 per share . The lot size for an application is 190. The minimum amount of investment required by an retail is ₹14,060 (190 shares). The lot size investment for sNII is 14 lots (2,660 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (12,920 shares), amounting to ₹10,07,760.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Vishal Mega Mart IPO RHP for detailed Information.
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | December 18, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹74 to ₹78 per share |
| Issue Price Final | ₹78 per share |
| Lot Size | 190 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,02,56,41,025 shares (aggregating up to ₹8,000.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,50,87,19,493 shares |
| Share Holding Post Issue | 4,50,87,19,493 shares |
Vishal Mega Mart IPO offers total 1,02,56,41,025 shares. Out of which 51,28,20,512 (50.00%) allocated to QIB, 20,51,28,205 (20.00%) allocated to QIB, 15,38,46,154 (15.00%) allocated to NII, 35,89,74,359 (35.00%) allocated to RII and 30,76,92,307 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 51,28,20,512 (50.00%) | NA |
| − Anchor Investor Shares Offered | 30,76,92,307 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 20,51,28,205 (20.00%) | NA |
| NII (HNI) Shares Offered | 15,38,46,154 (15.00%) | NA |
| − bNII > ₹10L | 10,25,64,103 (10.00%) | 38,557 |
| − sNII < ₹10L | 5,12,82,051 (5.00%) | 19,278 |
| Retail Shares Offered | 35,89,74,359 (35.00%) | 18,89,338 |
| Total Shares Offered | 1,02,56,41,025 (100.00%) |
Vishal Mega Mart IPO raises ₹2,400.00 crore from anchor investors. Vishal Mega Mart IPO Anchor bid date is December 10, 2024. Vishal Mega Mart IPO Anchor Investors list
| Bid Date | December 10, 2024 |
| Shares Offered | 30,76,92,307 |
| Anchor Portion Size (In Cr.) | 2,400.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 15, 2025 |
Vishal Mega Mart IPO opens on December 11, 2024, and closes on December 13, 2024.
| IPO Open Date | Wed, Dec 11, 2024 |
| IPO Close Date | Fri, Dec 13, 2024 |
| Tentative Allotment | Mon, Dec 16, 2024 |
| Initiation of Refunds | Tue, Dec 17, 2024 |
| Credit of Shares to Demat | Tue, Dec 17, 2024 |
| Tentative Listing Date | Wed, Dec 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 13, 2024 |
Investors can bid for a minimum of 190 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 | 190 | ₹14,820 |
| Retail (Max) | 13 | 2,470 | ₹1,92,660 |
| S-HNI (Min) | 14 | 2,660 | ₹2,07,480 |
| S-HNI (Max) | 67 | 12,730 | ₹9,92,940 |
| B-HNI (Min) | 68 | 12,920 | ₹10,07,760 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
Their Strengths:
Vishal Mega Mart Limited's revenue increased by 17.41% and profit after tax (PAT) rose by 43.78% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 9,551.75 | 8,506.08 | 8,288.91 | 8,217.98 |
| Total Income | 5,053.42 | 8,945.13 | 7,618.89 | 5,653.85 |
| Profit After Tax | 254.14 | 461.94 | 321.27 | 202.77 |
| Net Worth | 5,923.74 | 5,646.59 | 5,180.84 | 4,849.93 |
| Reserves and Surplus | 1,390.27 | 1,113.12 | 649.50 | 321.88 |
| Total Borrowing | 133.50 | 497.41 | ||
| Amount in ₹ Crore | ||||
The market capitalization of Vishal Mega Mart IPO is ₹35168.01 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROCE | 68.76% |
| RoNW | 8.18% |
| PAT Margin | 5.18% |
| Price to Book Value | 6.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.02 | 1.13 |
| P/E (x) | 76.13 | 69.19 |
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.
[Dilip Davda] The company is a one stop destination for middle and lower-middle income customers in India. With a steady growth in its top and bottom lines for the reported periods, it is hinting at the likely trends going forward. Based on FY25 annualized earnings, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | December 18, 2024 |
| BSE Script Code | 544307 |
| NSE Symbol | VMM |
| ISIN | INE01EA01019 |
| Final Issue Price | ₹78 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
Vishal Mega Mart Ltd.
Plot No. 184,
Fifth Floor Platinum Tower,
Udyog Vihar Phase-1
Gurgaon, Haryana, 122016
Phone: +91 124 - 4980000
Email: secretarial@vishalwholesale.co.in
Website: https://www.aboutvishal.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: vmm.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Lead Manager Reports
Vishal Mega Mart IPO is a main-board IPO of 1,02,56,41,025 equity shares of the face value of ₹10 aggregating up to ₹8,000.00 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 190.
The IPO opens on December 11, 2024, and closes on December 13, 2024.
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 Vishal Mega Mart IPO using UPI as a payment gateway. Zerodha customers can apply in Vishal Mega Mart IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishal Mega Mart IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishal Mega Mart IPO opens on December 11, 2024 and closes on December 13, 2024.
Vishal Mega Mart IPO lot size is 190, and the minimum amount required for application is ₹14,820.
You can apply in Vishal Mega Mart 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 Vishal Mega Mart IPO will be done on Monday, December 16, 2024, and the allotted shares will be credited to your demat account by Tuesday, December 17, 2024. Check the Vishal Mega Mart IPO allotment status.
The Vishal Mega Mart IPO listing date is on Wednesday, December 18, 2024.
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