Vishal Mega Mart IPO Allotment: How To Check Status Online? GMP Hints At 25% Premium Listing

Vishal Mega Mart IPO: The allotment status of Rs 8,000 crore worth Vishal Mega Mart IPO is out for investors to review their application process on December 16, ahead of debut on BSE and NSE. The latest grey market premium (GMP) signals a double-digit 25% premium listing. IPO has oversubscribed with healthy demand from across investor categories.

Vishal Mega Mart IPO Allotment Status:

There are three modes to check the allotment status of Vishal Mega Mart IPO. These are aka BSE, NSE and registrar of the IPO, Kfin Technologies.

To Check Your Application Status On Kfin Technologies, Click On The Link Below:

https://ipostatus.kfintech.com/

Step 1: After clicking the link, there will be an option called 'Select IPO'. Click on it and select 'Vishal Mega Mart Ltd'.

Step 2: The second process is to choose between Application Number, Demat account number, or PAN card number to review your application status.

Step 3: Then add into the captcha code and click on SUBMIT.

To Check Your Application Status On BSE, Click On The Link Below:

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

Step 1: First, select the issue type which in Vishal Mega Mart's case is 'Equity'.

Step 2: Then Select the issue name, which will be 'Vishal Mega Mart Limited'.

Step 3: 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 ₹19.50, last updated Dec 16th 2024 03:57 PM. With a price band of 78.00, Vishal Mega Mart IPO's estimated listing price is ₹97.5 (cap price + today's GMP). The expected percentage gain/loss per share is 25.00%.

Vishal Mega Mart IPO Listing Date:

After the IPO allotment status, the eligible shares will be credited to the demat account of investors or initiation of refund to those who did not get selected will be carried out on December 17. This will be followed by a listing on BSE and NSE likely on December 18.

According to brokerage Swastika, the company has a strong market position in India. While its financial performance has shown consistent growth in revenue and profitability. The IPO is also fairly priced compared to its peers.

Furthermore, Anand Rathi's report stated that Vishal Mega Mart Ltd is focused on serving a large and fast-growing section of the Indian population with a Consumer-centric approach resulting in a loyal consumer base and a Diverse and Growing Portfolio of Own Brands with a Pan-India Presence along with Technology Enabled, Systems Driven Operations.

Anand Rathi's note added, "At the upper price band company is valuing at P/E of 67.83x, with an EV/EBITDA of 28.1x and market cap of ₹ 3,51,680 million post issue of equity shares and return on net worth of 8.18%."

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

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.

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.