Vishal Mega Mart IPO GMP Listing Live Updates: Allotment OUT, GMP Skyrockets Ahead of Listing - Listing Date Tomorrow

Established in 2001, Vishal Mega Mart has grown into one of India's leading fashion-focused hypermarket chains, catering to value-conscious consumers. The company offers a diverse product range, with its General Merchandise segment showcasing home essentials, kitchen appliances, and travel accessories. Additionally, the Food and Groceries segment provides an extensive selection of FMCG products, including personal care, household care, and daily essentials, making it a one-stop destination for shoppers.

Vishal Mega Mart Ltd. is set to debut on the stock exchanges on Wednesday, December 18, with expectations of a strong listing premium over its IPO price of Rs 78 per share. The Initial Public Offering (IPO) received an overwhelming response from investors, as it was oversubscribed 27.28 times. The company garnered bids for 2,064 crore shares against the 75.67 crore shares available

The IPO is being overseen by KFin Technologies, the official registrar, while the process is being managed by a consortium of top-tier investment banks, including Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India, and Morgan Stanley India. The promoters of the company include Samayat Services LLP and Kedaara Capital Fund II LLP. Notably, as the entire IPO is an offer for sale (OFS), the company itself will not receive any funds raised through the issue.

As per the stock market observers, the current GMP of Vishal Mega Mart IPO is Rs 20. Decoding it in easy language results that the shares are trading Rs 20 above the issue price of the public offering. Earlier, it was Rs 16.

The wait for investors will be ending tomorrow as Vishal Mega Mart shares are all set to list on December 18. The pubic offering was opened on December 11 and closed on December 13. The price band was set at Rs 74 to Rs 78 per share.

The book-running managers of Vishal Mega Mart IPO are Kotak Mahindra Capital Company, JP Morgan India, ICICI Securities, and more.

Vishal Mega Mart has demonstrated strong financial performance, with its revenue growing at a 26 per cent compounded annual growth rate (CAGR) to Rs 8,911 crore in FY24, up from Rs 5,588 crore in FY22. The company’s net profit surged at a 51 per cent CAGR to reach Rs 462 crore in FY24, while its EBITDA margin stood at 14 per cent and adjusted return on capital employed (ROCE) was an impressive 71 per cent. Known for its profitable and capital-efficient growth, 70 per cent of Vishal Mega Mart’s stores are located in tier II cities and beyond, where organized retail presence remains low. These regions, driven by demand for quality and functional products at affordable prices, align well with the company’s value-based retail model.

The company will not benefit from the proceeds of the Offer for Sale (OFS) as the entire amount, after deducting applicable offer-related expenses and taxes, will go directly to the Promoter Selling Shareholder.

As you all know, there are various ways to check the allotment status online, here we are detailing the ways to check the same on BSE. First, you have to visit the official website of Bombay Stock Exchange or BSE. The direct link is https://www.bseindia.com/investors/appli_check.aspx.

Thenafter, you have to select the company's name which is available in the drop-down menu. Enter the application number in the box. You can also submit your PAN Card number in the case of unavailability of the application number. Click on the submit icon. You will get the result on the screen.

Vishal Mega Mart's IPO GMP today stands at Rs. 20, which means its IPO listing price will be around Rs. 98. The listing gain would be around 26% above the offered price.

Ahead of the listing, there is a sudden spike in the grey market premium of the IPO. The Vishal Mega Mart IPO's GMP currently stands at Rs 20.5. Earlier, it was at Rs 16. As the GMP rises, investors are expected to get a significant return from public offerings.

As per the stock market experts, the latest GMP of Vishal mega Mart IPO is Rs 19 each share. If it can be decoded in simple language, it means, the unlisted shares of the company are trading Rs 19 higher than the issue price. Keeping it in the eye, the expected listing price of shares may be Rs 97 per share.

To check the IPO allotment status for Vishal Mega Mart on the BSE website, follow these simple steps: First, visit the BSE website using this link – https://www.bseindia.com/investors/appli_check.aspx. Next, select ‘Equity’ under the Issue Type. Then, choose ‘Vishal Mega Mart Limited’ from the Issue Name dropdown menu. After that, enter your Application Number or PAN. Verify yourself by ticking the ‘I am not a robot’ box and click on ‘Search’. Your IPO allotment status will then appear on the screen.

The allotment for Vishal Mega Mart IPO was completed yesterday. However, those investors who hadn't received shares yesterday, are likely to get them today. The listing for IPO will be completed tomorrow i.e. December 18.

The allotment of Vishal Mega Mart IPO was out yesterday. This company will initiate the refunds of the shares whose allotment was unsuccessful today. The listing is scheduled for tomorrow, 18th December 2024.

The Vishal Mega Mart IPO is currently in the post-issue phase after being available for subscription from December 11 to December 13, 2024. The price range was set between Rs 74 and Rs 78 per share, with each share having a face value of Rs 10. With a total offering size of 1,02,56,41,025 shares, totaling up to Rs 8,000 crore, the IPO lot size was 190 shares.

The Vishal Mega Mart IPO opened on Wednesday, December 11, 2024 and ends on Friday, December 13, 2024. On Monday, December 16, 2024, the allotment basis will be finalized. On Tuesday, December 17, 2024, reimbursements and share credit to Demat accounts will begin. On Wednesday, December 18, 2024, shares will be listed on the stock exchange. Investors should be aware that the UPI mandate confirmation deadline is December 13, 2024, at 5 PM.

Retail investors have a 50% chance of allotment, with one in every two investors receiving 190 shares, a Business Today report said. In the large HNI category, two out of every seven applicants will get 2,660 shares, while in the small HNI category, only one in ten applicants will receive 2,660 shares.

1. Non-Institutional Investors (NIIs)15.01 times
2. Retail Investors2.43 times
3. Qualified Institutional Buyers (QIBs)85.11 times

Vishal Mega Mart has a robust network across India, with 645 stores as of September 2024, spread across Tier 1 (30%) and Tier 2 (70%) cities. Over 40% of its presence is concentrated in northern states, followed by 29% in eastern and northeastern regions. The company plans to open 90-100 stores annually, targeting around 1,400 new stores over the next 15 years.

This expansion includes:

• Strengthening its footprint in existing Tier 1 cities with 200-250 additional stores.
• Entering 17 new Tier 1 cities currently untapped, with a planned 200 stores.
• Expanding into new Tier 2 and smaller towns, adding approximately 900 stores.