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19 Dec 2024
Vishal Mega Mart Limited IPO
Incorporated in 2001, Vishal Mega Mart is a prominent hypermarket chain in India, renowned for selling a diverse array of products including apparel, groceries, electronics, and home essentials. The company caters to the everyday needs of consumers by offering both their own brands and third-party brands. Vishal Mega Mart provides an extensive range of products across various categories such as apparel, general merchandise, and fast-moving consumer goods (FMCG). Their offerings include clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples, ensuring there is something for everyone.
The company primarily targets middle and lower-middle-income individuals, operating through a comprehensive Pan India network. As of September 30, 2024, there are 645 Vishal Mega Mart stores, complemented by their mobile app and website, reaching customers across 414 cities in 28 states and two union territories. Emphasizing an asset-light business model, Vishal Mega Mart leases all its distribution centers and stores, while products are manufactured or sourced from third-party vendors.
A significant aspect of their service is the direct local delivery system, which is managed by Vishal Mega Mart’s employees. As of September 30, 2024, this service boasts 6.77 million registered users and operates in 600 stores across 391 cities in India. This robust network and efficient service have earned the company a ranking as one of the top two offline-first diversified retailers in India. With 16,537 employees as of September 30, 2024, Vishal Mega Mart continues to thrive.
Their portfolio of brands includes Apparel: Classics, Fashion, Denim, Ethnic; General Merchandise: Tandem Home Appliances, Home Select, Home Finery; and FMCG: Savory Products, Staples, Home Care. Vishal Mega Mart's commitment to quality and value ensures its ongoing success in the competitive retail market.
Vishal Mega Mart Limited IPO Overview:
- ● Issue Type: Offer for Sale (OFS)
- ● IPO Size: ₹8,000.00 crores (102.56 crore shares)
- ● Subscription Dates: Opens on December 11, 2024 and closes on December 13, 2024
- ● Shares Offered: 65.79 lakh shares
- ● Price Per Share: ₹74 to ₹78 per share
- ● Minimum Lot Size: 190 shares per application
- ● Book Running Lead Managers: Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited and Morgan Stanley India Company Pvt Ltd.
- ● Registrar: Kfin Technologies Limited
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Vishal Mega Mart Limited GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 78 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Vishal Mega Mart IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹74 to ₹78 per share |
| Lot Size | 190 Shares |
| Total Issue Size | 1,025,641,025 shares (aggregating up to ₹8,000.00 Cr) |
| Fresh Issue | 1,025,641,025 shares (aggregating up to ₹8,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 4,508,719,493 |
| Shareholding post issue | 4,508,719,493 |
Vishal Mega Mart IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, December 11, 2024 |
| IPO Close Date | Friday, December 13, 2024 |
| Basis of Allotment | Monday, December 16, 2024 |
| Initiation of Refunds | Tuesday, December 17, 2024 |
| Credit of Shares to Demat | Tuesday, December 17, 2024 |
| Listing Date | Wednesday, December 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2024 |
Vishal Mega Mart IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 190 | ₹14,820 |
| Retail (Max) | 13 | 2470 | ₹192,660 |
| S-HNI (Min) | 14 | 2,660 | ₹207,480 |
| S-HNI (Max) | 67 | 12,730 | ₹992,940 |
| B-HNI (Min) | 68 | 12,920 | ₹1,007,760 |
Vishal Mega Mart IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Vishal Mega Mart IPO Promoter Holding
| Share Holding Pre Issue | 96.46% |
| Share Holding Post Issue | 76.02% |
Company’s Strengths:
- ● Serving a Large and Growing Section of the Indian Population.
- ● Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base.
- ● Diverse and Growing Portfolio of their Brands across Product Categories.
- ● Pan-India Presence with a Track Record of Successful Store Growth.
- ● Technology Enabled and Systems Driven Operations.
- ● Professional and Experienced Management Team.
- ● Track Record of Delivering Revenue, Profit Growth and Capital Efficiency.
Vishal Mega Mart Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 68.76 |
| RoNW | 8.18 |
| P/BV | 6.23 |
| PAT Margin (%) | 5.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.13 | |
| P/E (x) | 76.13 | 69.19 |
Vishal Mega Mart IPO Objectives:
-
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.
Vishal Mega Mart IPO FAQs
-
What is the Vishal Mega Mart IPO?
Vishal Mega Mart IPO is a Mainline IPO. The company is going to raise ₹8,000 Crores via IPO. The issue is priced at ₹74 to ₹78 per equity share. The IPO is to be listed on BSE & NSE.
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When will the Vishal Mega Mart IPO open for subscription?
The IPO is to open on December 11, 2024 for QIB, NII, and Retail Investors. The IPO will close on December 13, 2024.
-
What is Vishal Mega Mart IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15% and Retail is 35%.
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What is Vishal Mega Mart IPO Issue Size?
Vishal Mega Mart IPO issue size is ₹8,000 crores.
-
What is the Vishal Mega Mart IPO Price Band?
Vishal Mega Mart IPO Price Band is ₹74 to ₹78.
-
What is Vishal Mega Mart IPO Lot Size?
The minimum bid is 190 Shares with ₹14,820.
-
What is the Vishal Mega Mart IPO Allotment Date?
Vishal Mega Mart IPO allotment date is December 16, 2024.
-
What is the Vishal Mega Mart IPO Listing Date?
Vishal Mega Mart IPO listing date is December 18, 2024. The IPO is to be listed on BSE & NSE.
-
What is the Vishal Mega Mart IPO current GMP?
The current GMP of the Vishal Mega Mart IPO is ---.
RHP:
RHP of Vishal Mega Mart Limited IPO
DRHP:
DRHP of Vishal Mega Mart Limited IPO
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