Bookbuilding IPO | ₹8,000 Cr | Listed at BSE, NSE | Wed, Dec 11, 2024 - Fri, Dec 13, 2024
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 per share. The lot size for an application is 190. The minimum amount of investment required by an retail is ₹14,820 (190 shares) (based on upper price). 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 Open
Wed, Dec 11, 2024
IPO Close
Fri, Dec 13, 2024
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹35,168.01 Cr
| IPO Date | 11 to 13 Dec, 2024 |
| Listed on | Wed, Dec 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹74 to ₹78 |
| Issue Price | ₹78 per share |
| Lot Size | 190 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,02,56,41,025 shares (agg. up to ₹8,000 Cr) |
| Offer for Sale | 1,02,56,41,025 shares of ₹10 (agg. up to ₹8,000 Cr) |
| Share Holding Pre Issue | 4,50,87,19,493 shares |
| Share Holding Post Issue | 4,50,87,19,493 shares |
| BSE Script Code / NSE Symbol | 544307 / VMM |
| ISIN | INE01EA01019 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 190 shares and in multiples thereof.
| 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 |
Vishal Mega Mart IPO raises ₹2,400.00 crore from anchor investors. Vishal Mega Mart IPO Anchor bid date is December 10, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 10, 2024 |
| Shares Offered | 30,76,92,307 |
| Anchor Portion (₹ Cr.) | 2,400.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Jan 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Mar 15, 2025 |
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:
| 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 | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROCE | 68.76% |
| RoNW | 8.18% |
| PAT Margin | 5.18% |
| Price to Book Value | 6.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.02 | 1.13 |
| P/E (x) | 76.13 | 69.19 |
| Promoter Holding | 98.77% | 76.02% |
| Market Cap | ₹35,168.01 Cr. |
The Vishal Mega Mart IPO is subscribed 28.75 times on December 13, 2024 6:19:08 PM (Day 3). The public issue subscribed 2.43 times in the retail category, 85.11 times in the QIB category, and 15.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 85.11 | 20,51,28,206 | 17,45,85,59,260 |
| NII | 15.01 | 15,38,46,154 | 2,30,99,98,530 |
| bNII (bids above ₹10L) | 17.34 | 10,25,64,103 | 1,77,82,81,440 |
| sNII (bids below ₹10L) | 10.37 | 5,12,82,051 | 53,17,17,090 |
| Retail | 2.43 | 35,89,74,359 | 87,39,64,090 |
| Total | 28.75 | 71,79,48,719 | 20,64,25,21,880 |
Total Application : 42,09,552
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM’s fees including underwriting commission, brokerage and selling commission, as applicable | 165.20 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 15.30 |
| 3 | Fees payable to Registrar to the Offer | 0.29 |
| 4 | Fees payable to the other parties to the Offer | 9.57 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 19.32 |
| 6 | Printing and stationery | 3.67 |
| 7 | Advertising and marketing expenses | 6.55 |
| 8 | Fees payable to legal counsels | 12.18 |
| 9 | Miscellaneous | 10.60 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹78.00 | ₹78.00 |
| Open | ₹110.00 | ₹104.00 |
| Low | ₹104.92 | ₹104.00 |
| High | ₹115.60 | ₹114.40 |
| Last Trade | ₹111.95 | ₹111.93 |
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 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 190.
The IPO opens on Wed, Dec 11, 2024, and closes on Fri, Dec 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 Wed, Dec 11, 2024 and closes on Fri, Dec 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 Tue, Dec 17, 2024. Check the Vishal Mega Mart IPO allotment status.
The Vishal Mega Mart IPO listing date is on Wed, Dec 18, 2024.
