Vishal Mega Mart IPO Anchor Allocation at 30%

Vishal Mega Mart IPO has received a robust response from anchor investors, subscribing to 30% of the total IPO size. A total of 307,692,307 shares were allocated to anchor investors on December 10, 2024, ahead of the IPO opening date of December 11, 2024. This allocation reflects significant institutional interest and confidence in the company’s growth potential.

The ₹8,000 crore IPO is entirely an Offer for Sale, comprising 1,025,641,025 equity shares. The price band is set at ₹74 to ₹78 per share, with a face value of ₹10 per share.

The anchor allocation was finalized at ₹78 per share, which is the upper limit of the price band. This resulted in a total anchor allocation of ₹2,400 crore, demonstrating strong market confidence and a solid start to the IPO.

Post anchor allocation, the overall share allocation for Vishal Mega Mart IPO is as follows:

The lock-in period for anchor investors is critical to ensure market stability after listing. For Vishal Mega Mart IPO, the lock-in periods are as follows:

• 50% of Shares Lock-in Period: January 15, 2025.
• Remaining Shares Lock-in Period: March 16, 2025.

Anchor Investors in Vishal Mega Mart IPO

Anchor investors are typically large institutional investors allotted shares in an IPO before it opens to the public. The anchor allocation process is a crucial part of the IPO, as it helps in price discovery and builds confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and can influence the overall subscription levels.

Anchor investors form the backbone of an IPO, providing an early indication of the market’s confidence in the company.

For the Vishal Mega Mart IPO, this segment received overwhelming interest from institutional players, with a total allocation of 307,692,307 equity shares at a price of ₹78 per share. This brought in ₹2,400 crore, underscoring the robust demand among domestic and international institutional investors. The participation from marquee names in the investment world highlights the company’s strong fundamentals, solidifying its credibility and reinforcing market trust.

Such early backing is pivotal for setting a positive tone for the IPO instilling confidence among retail and other categories of investors.

Key IPO Details:

• IPO Size: ₹8,000 crore.
• Shares Allocated to Anchors: 307,692,307 shares.
• Anchor Subscription Percentage: 30%.
• IPO Opening Date: December 11, 2024.
• IPO Closing Date: December 13, 2024.
• Listing Date: December 18, 2024 (Tentative).

About Vishal Mega Mart  Limited and How to Apply for Vishal Mega Mart  IPO

Established in 2001, Vishal Mega Mart has emerged as a prominent name in the Indian retail landscape, serving the growing needs of middle and lower-middle-income groups. With a vast network of 645 stores spanning 414 cities across 28 states and two union territories, the company has solidified its pan-India presence. Its asset-light model, wherein distribution centers and retail spaces are leased, ensures cost efficiency while allowing operational flexibility.

The brand caters to diverse customer needs through a broad portfolio that includes apparel, groceries, electronics, and home essentials. Leveraging advanced technology for logistics and retail management, Vishal Mega Mart has built a loyal customer base that continues to drive its growth.

The company’s product range is expansive, covering categories like apparel, general merchandise, and FMCG.

Notable strengths include its operational efficiency, which is driven by third-party sourcing, and its ability to adapt to market trends through physical and digital platforms. By targeting the everyday needs of its customer base, Vishal Mega Mart has positioned itself as a one-stop destination for affordable, quality products underpinned by a strong growth trajectory.