Vishal Mega Mart IPO Allotment Date; Subscription Status, GMP, Listing Details, How To Check Status Online?

Vishal Mega Mart IPO: The Rs 8,000 crore IPO oversubscribed by 28.75 times on the final day. That being said, the bidding window in Vishal Mega Mart is closed. Going ahead, the basis of allotment of the IPO will occur on December 16. Investors can review their application status online via BSE, NSE, and Kfin Technologies. The latest GMP suggests a double-digit premium listing ahead.

Vishal Mega Mart IPO Subscription Status:

On the final day of the IPO, Vishal Mega Mart oversubscribed by 28.75x on December 13.

The IPO received strong demand from qualified institutional buyers (QIBs) whose portion was oversubscribed by 85.11 times, followed by non-institutional investors (NIIs) whose portion also oversubscribed by 15.01 times. However, although the retail investors' portion fully subscribed but was quite tepid compared to QIBs and NIIs. Retail individual investors' portion subscribed by 2.43x.

Vishal Mega Mart IPO GMP Today:

As per Investor Grain, Vishal Mega Mart's IPO last GMP is ₹19, last updated Dec 14th 2024 05:03 AM. With a price band of 78.00, Vishal Mega Mart IPO's estimated listing price is ₹97 (cap price + today's GMP). The expected percentage gain/loss per share is 24.36%.

Vishal Mega Mart IPO Details:

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.

Vishal Mega Mart IPO Allotment Status:

Investors can check the allotment status of Vishal Mega Mart IPO through three modes namely BSE, NSE and the registrar of the IPO, Kfin Technologies.

To check allotment status on Kfin Technologies, Click on the link below:

https://ipostatus.kfintech.com/

To Check allotment status on BSE, Click on the link below:

https://www.bseindia.com/investors/appli_check.aspx

The allotment status of the IPO is likely to take place on December 16, while the initiation of refunds and credit of shares to demat account of eligible investors is expected to take place on December 17. Vishal Mega Mart IPO is expected to list on December 18.

Vishal Mega Mart IPO Views:

As per Indsec brokerage report, At an upper price of Rs 78, the IPO is valued at a P/S of 3.9x and P/E of 76.1x on FY24 basis which is largely in-line with the industry. Over FY22-24, the company's Revenue/EBITDA/APAT has grown at CAGR of 26.3%/24.6%/50.9% respectively. Also over the same period, the company has grown its store count at a CAGR of 10% from 501 stores to 611 stores by FY24. As of Sept 24, they operate with 645 stores. SSSG for the company stands at 12.6% for H1FY25.

Further, the brokerage highlighted that the company's strong presence in T2 & beyond cities, diverse products at various price points and sustained focus on store network expansion augurs well for future growth. Even though, competition could emerge from the fast growing Quick commerce industry, we believe the B&M industry is poised to grow at healthy pace in Northern and Eastern India with increasing per capita consumption and thus leaves ample room for growth over the medium term.

Vishal Mega Mart is a one-stop destination for middle and lower-middle income India. Vishal curates a diverse range of merchandise through its portfolio of own brands and third-party brands to fulfil the aspirational and daily needs of consumers.