Bookbuilding IPO | ₹110 Cr | Listed at BSE, NSE | Mon, Jun 11, 2007 - Wed, Jun 13, 2007
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 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,750 (25 shares) (based on upper price). 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 Open
Mon, Jun 11, 2007
IPO Close
Wed, Jun 13, 2007
Issue Price
₹270 per share
Market Cap (Pre-IPO)
₹604.77 Cr
| IPO Date | 11 to 13 Jun, 2007 |
| Listed on | Wed, Jul 4, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹230 to ₹270 |
| Issue Price | ₹270 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 40,74,074 shares (agg. up to ₹110 Cr) |
| Fresh Issue | 40,74,074 shares (agg. up to ₹110 Cr) |
| Share Holding Pre Issue | 1,83,24,795 shares |
| Share Holding Post Issue | 2,23,98,869 shares |
| BSE Script Code / NSE Symbol | 532867 / V2RETAIL |
| ISIN | INE945H01013 |
Vishal Retail IPO comprises a total issue size of 40,74,074 shares. The net offer to the public is 37,74,074 shares, after excluding 3,00,000 shares under a preferential allotment. Of the Net offer 22,64,444 (60.00%) are allocated to QIB, 3,77,408 (10.00%) allocated to NII 11,32,222 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 22,64,444 | 60.00% | 55.58% | NA |
| NII (HNI) Shares Offered | 3,77,408 | 10.00% | 9.26% | NA |
| Retail Shares Offered | 11,32,222 | 30.00% | 27.79% | 45,288 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,00,000 | 7.36% | NA | |
| Total Shares Offered | 40,74,074 | 100.00% | 100.00% | |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| 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 |
| 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 |
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%.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenditure on establishment of new retail stores | 104.15 |
| 2 | Issue Expenses | 5.65 |
| KPI | |
|---|---|
| RoNW | 19.71% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 78.15% | 63.95% |
| Market Cap | ₹604.77 Cr. |
The Vishal Retail IPO is subscribed 69.08 times on June 13, 2007 5:00:00 PM (Day 3). The public issue subscribed 50.4 times in the retail category, 45.55 times in the QIB category, and 311.57 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 4.02 |
| 2 | Advertisement & Marketing expenses | 0.43 |
| 3 | Printing, stationery including transportation of the same | 0.50 |
| 4 | Others (Registrar’s fees, Legal fees, listing fees, etc.) | 0.70 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹270.00 | ₹270.00 |
| Open | ₹472.50 | ₹472.50 |
| Low | ₹423.25 | ₹472.50 |
| High | ₹809.00 | ₹784.40 |
| Last Trade | ₹752.20 | ₹753.10 |
Lead Manager Reports
Vishal Retail IPO is a main-board IPO of 40,74,074 equity shares of the face value of ₹10 aggregating up to ₹110 Crores. The issue is priced at ₹270 per share. The minimum order quantity is 25.
The IPO opens on Mon, Jun 11, 2007, and closes on Wed, Jun 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 Mon, Jun 11, 2007 and closes on Wed, Jun 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 Wed, Jul 4, 2007.
