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Vishal Retail IPO is a book build issue of ₹110.00 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹110.00 crore.
Vishal Retail IPO bidding started from Jun 11, 2007 and ended on Jun 13, 2007. The shares got listed on BSE, NSE on Jul 4, 2007.
Vishal Retail IPO price band is set at ₹270.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹5,750 (25 shares). The lot size investment for sNII is 30 lots (750 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (3,725 shares), amounting to ₹10,05,750.
The issue includes a reservation of up to 3,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Vishal Retail IPO RHP for detailed Information.
| IPO Date | June 11, 2007 to June 13, 2007 |
| Listing Date | July 4, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹230 to ₹270 per share |
| Issue Price Final | ₹270 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,74,074 shares (aggregating up to ₹110.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,83,24,795 shares |
| Share Holding Post Issue | 2,23,98,869 shares |
Vishal Retail IPO offers total 40,74,074 shares. Out of which 22,64,444 (55.58%) allocated to QIB, 3,77,408 (9.26%) allocated to NII, 11,32,222 (27.79%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 22,64,444 (55.58%) | NA |
| NII (HNI) Shares Offered | 3,77,408 (9.26%) | NA |
| Retail Shares Offered | 11,32,222 (27.79%) | 45,288 |
| Employee Shares Offered | 3,00,000 (7.36%) | NA |
| Total Shares Offered | 40,74,074 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Vishal Retail IPO opens on June 11, 2007, and closes on June 13, 2007.
| IPO Open Date | Mon, Jun 11, 2007 |
| IPO Close Date | Wed, Jun 13, 2007 |
| Tentative Listing Date | Wed, Jul 4, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 13, 2007 |
Investors can bid for a minimum of 25 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 | 25 | ₹6,750 |
| Retail (Max) | 29 | 725 | ₹1,95,750 |
| S-HNI (Min) | 30 | 750 | ₹2,02,500 |
| S-HNI (Max) | 148 | 3,700 | ₹9,99,000 |
| B-HNI (Min) | 149 | 3,725 | ₹10,05,750 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1986, Vishal Retail Limited is amoung the leading retail houses in India based in Delhi. Vishal Retail has around 51 showrooms in 39 cities in India.
Vishal stores offer affordable family fashion at prices to suit every pocket. Vishal Retail also has apparel manufacturing plant at Gurgaon. It has seven distribution centers and a fleet of trucks for transportation.
Vishal Retail's total sales was Rs. 2,884.43 million for fiscal 2006, as opposed to a turnover of Rs. 1,463.12 million for fiscal 2005 and Rs. 881.04 million for fiscal 2004. During the same period our profit after tax was Rs. 124.74 million, Rs.30.20 million and Rs. 3.82 million, respectively. Its sales increased between fiscal 2004 and fiscal 2006 at a CAGR of 80.94% and profit after tax increased between fiscal 2004 and fiscal 2006 at a CAGR of 471.44%.
| KPI | Values |
|---|---|
| RoNW | 19.71% |
The Company Vishal Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Expenditure on establishment of new retail stores | 1,041.51 |
| 2 | Issue Expenses | 56.52 |
| Listing Date | July 4, 2007 |
| BSE Script Code | 532867 |
| NSE Symbol | V2RETAIL |
| ISIN | INE945H01013 |
| Final Issue Price | ₹270 per share |
| BSE Listing Group | B1 |
Vishal Retail Ltd.
Vishal Retail Limited
RZ-A-95 & 96, Road No.4, Street No.9,
Mahipalpur Extension, New Delhi 110 037 India
Delhi, New Delhi
Phone: +91 11 3062 2002
Email: vishalipo@vrpl.in
Website: http://www.vishalmegamart.net
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: vishalipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Vishal Retail IPO is a main-board IPO of 40,74,074 equity shares of the face value of ₹10 aggregating up to ₹110.00 Crores. The issue is priced at ₹270 per share. The minimum order quantity is 25.
The IPO opens on June 11, 2007, and closes on June 13, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Vishal Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Vishal Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishal Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishal Retail IPO opens on June 11, 2007 and closes on June 13, 2007.
Vishal Retail IPO lot size is 25, and the minimum amount required for application is ₹6,750.
You can apply in Vishal 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 Vishal Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vishal Retail IPO allotment status.
The Vishal Retail IPO listing date is on Wednesday, July 4, 2007.
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