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Vishal Mega Mart IPO

  • Status: Closed
  • RHP:
  • ₹ 14,060 / 190 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    18 Dec 2024

  • Listing Price

    ₹110.00

  • Listing Change

    41.03%

  • Last Traded Price

    ₹101.19

IPO Details

  • Open Date

    11 Dec 2024

  • Close Date

    13 Dec 2024

  • IPO Price Range

    ₹ 74 - ₹ 78

  • IPO Size

    ₹ 8000 Cr

  • Listing Exchange

    BSE NSE

  • Listing Date

    18 Dec 2024

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IPO Timeline

Vishal Mega Mart IPO Subscription Status

Last Updated: 13 December 2024 6:01 PM by 5Paisa

Vishal Mega Mart IPO is set to open on 11 December 2024 and will close on 13 December 2024. Vishal Mega Mart is one of India's leading hypermarket chains, catering to middle- and lower-middle-income consumers.
 
The IPO is an offer for sale of 102.56 Cr shares aggregating to ₹8000.00 Cr. The price range is set between ₹74 to ₹78 per share and the lot size is 190 shares. 

The allotment is scheduled to be finalised on 16 December 2024. It will go public on BSE NSE, with a tentative listing date of 18 December 2024.

Kotak Mahindra Capital Company Ltd, ICICI Securities Ltd, Intensive Fiscal Services Pvt Ltd, Jefferies India Pvt Ltd, J.P. Morgan India Pvt Ltd and Morgan Stanley India Company Pvt Ltd are the book running lead managers, while Kfin Technologies Ltd is the registrar. 

Vishal Mega Mart IPO Size

Types Size
Total IPO Size ₹8000.00 Cr
Offer For Sale ₹8000.00 Cr
Fresh Issue -

 

Vishal Mega Mart IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 190 ₹14,060
Retail (Max) 13 2,470 ₹182,780
S-HNI (Min) 14 2,660 ₹196,840
S-HNI (Max) 67 12,730 ₹942,020
B-HNI (Min) 68 12,920 ₹956,080

 

Vishal Mega Mart IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 85.11 20,51,28,206 17,45,85,59,260 1,36,176.762
NII (HNI) 15.02 15,38,46,154 2,31,00,09,550 18,018.074
Retail 2.43 35,89,74,359 87,40,34,580 6,817.470
Total** 28.75 71,79,48,719 20,64,26,03,390 1,61,012.306

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Vishal Mega Mart IPO Anchor Allocation

Anchor Bid Date 10 December, 2024
Shares Offered 307,692,307
Anchor portion Size (In ₹ Cr.) 2,400.00
Anchor lock-in period end date for 50% shares (30 Days) 15 January, 2024
Anchor lock-in period end date for remaining shares (90 Days) 16 March, 2024

The funds raised through the IPO will not be allocated towards the company’s operations or growth plans. Instead, the purpose of the IPO is to provide an opportunity for the existing shareholders to sell their shares and exit their investment.

Incorporated in 2001, Vishal Mega Mart is one of India's leading hypermarket chains, catering to middle- and lower-middle-income consumers. It offers an extensive range of products across apparel, general merchandise, and FMCG categories through its 645 stores, mobile app, and website (as of September 30, 2024). With a presence in 414 cities across 28 states and two union territories, the company operates an asset-light model, leasing its stores and distribution centers while sourcing products from third-party vendors and brands. Their direct local delivery service reaches 391 cities, serving 6.77 million registered users through 600 stores.

Vishal Mega Mart's portfolio includes in-house brands like Classics (apparel), Tandem (home appliances), and staples. Ranked among India's top two offline-first diversified retailers, the company credits its success to a loyal consumer base, a technology-driven approach, and a professional management team. Their focus on growth, efficiency, and consumer satisfaction continues to drive their expansion.

Peers

Avenue Supermarts Limited
Trent Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 8,945.13 7,618.89 5,653.85
EBITDA 1248.60 1020.52 803.69
PAT 461.94 321.27 202.77
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 8,506.08 8,288.91 8,217.98
Share Capital 4,508.71 4,506.59 4,503.30
Total Borrowings - 133.50 497.41
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 829.67 635.53 657.10
Net Cash Generated From / (used in) investing activities -130.05 177.34 27.20
Net Cash Generated From / (used in) financing activities -658.15 -864.53 -710.49
Net Increase (Decrease) In Cash And Cash Equivalents 41.46 -51.66 -26.19


Strengths

1. Large network with 645 stores across India.
2. Diverse product portfolio across multiple categories.
3. Strong presence in middle- and lower-middle-income segments.
4. Asset-light business model enhances scalability.
5. Technology-driven operations for seamless customer experience.
 

Risks

1. Dependence on third-party vendors for product sourcing.
2. Limited premium product offerings for higher-income groups.
3. Heavy reliance on leased properties increases fixed costs.
4. Intense competition from e-commerce and other retailers.
5. Vulnerability to regional disruptions affecting store operations.
 

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FAQs

Vishal Mega Mart IPO opens from 11 December to 13 December 2024.

The size of Vishal Mega Mart IPO is ₹8000.00 Cr.

The price of Vishal Mega Mart IPO is fixed at ₹74 to ₹78 per share. 

To apply for Vishal Mega Mart IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Vishal Mega Mart  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Vishal Mega Mart IPO is 190 shares and the investment required is ₹14,820.
 

The share allotment date of Vishal Mega Mart IPO is 16 December 2024

The Vishal Mega Mart IPO will be listed on 18 December 2024.

Kotak Mahindra Capital Company Ltd, ICICI Securities Ltd, Intensive Fiscal Services Pvt Ltd, Jefferies India Pvt Ltd, J.P. Morgan India Pvt Ltd and Morgan Stanley India Company Pvt Ltd are the book running lead managers for Vishal Mega Mart IPO.