Vishal Mega Mart IPO: The shares allotment of Vishal Mega Mart IPO has been finalised, ahead of listing. Eligible shareholders are likely to get their shares in demat accounts by Tuesday, December 17. The latest grey market premium (GMP) continues to signal a double-digit percentage premium listing on BSE and NSE.
Vishal Mega Mart IPO Allotment Status:
The allotment of shares is out, and investors can review their applications on BSE, NSE, and Kfin Technologies.
To Check Your Application Status On Kfin Technologies, Click On The Link Below:
After clicking the link, investors will be guided to a new page where they will have to select Vishal Mega Mart Limited in the 'SELECT IPO' option. The second process is to choose between the Application Number, Demat account number, or PAN card number to review your application status. Lastly, add into the captcha code and click on SUBMIT.
To Check Your Application Status On BSE, Click On The Link Below:
On BSE, the first step is to select 'EQUITY' as issue type, and then select 'Vishal Mega Mart Limited' in the option called 'Issue Name'. Add your Application Number or PAN Card Number to process ahead. Lastly, Click on Search.
Vishal Mega Mart IPO GMP Today:
As per Investor Grain, Vishal Mega Mart's IPO's last GMP is ₹20.50, last updated Dec 17th 2024 05:04 AM. With a price band of 78.00, Vishal Mega Mart IPO's estimated listing price is ₹98.5 (cap price + today's GMP). The expected percentage gain/loss per share is 26.28%.
Vishal Mega Mart IPO Listing Date:
Since the allotment of shares has been finalised, investors will either get the shares in their demat account if they are eligible or refund if they are not. This will take place on December 17. Following this, Vishal Mega Mart IPO will be listed on December 18 on BSE and NSE.
Brokerage HEMS Securities highlighted that it likes three factors of Vishal Mega Mart. They are:
1. The company is a one-stop destination for middle and lower-middle-income India. The company serve this section of the Indian population through its diverse portfolio of quality, affordable and branded products, fulfilling their daily and aspirational needs. The number of middle-income households in India has increased from approximately 201 million in Calendar Year 2018 to approximately 225 million households (approximately 945 million individuals) in Calendar Year 2023, driven by rapid economic development, growing formalization of employment, and a structural shift from an agrarian-based economy towards manufacturing and services.
2. The company has a diverse and growing portfolio of own brands across the apparel, general merchandise and fast-moving consumer goods product categories. The company's brand portfolio includes its brands for men, women, children and infants in the apparel category, its brands for household and home furnishings, travel accessories, kitchen appliances, utensils, crockery and footwear and lifestyle products in the general merchandise product category, and company's brands for food products, non-food products and staples in the fast-moving consumer goods category.
3. Thirdly, the company operates a pan-India network of 645 stores across 33 Tier 1 cities and 381 Tier 2 cities and beyond, as of September 30, 2024. The company is an ranked among the two leading offline-first diversified retailers in India, based on the number of cities present as of March 31, 2024. During the six months period ended September 30, 2024 and 2023, and the Financial Years 2024, 2023 and 2022, company opened 35, 24, 61, 66 and 88 new stores, respectively, and closed a total of 26 stores during these periods.
The 100% book building opened on December 11 and closed on December 13. The price band for the IPO was fixed at Rs 74 to Rs 78 per share. The IPO is an entirely offer for sale (OFS) worth Rs 8,000 crore. The IPO subscribed by 28.75x.
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