Vishal Mega Mart IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status
Vishal Mega Mart is all set to launch its much-anticipated Initial Public Offering (IPO) on December 11, 2024, closing on December 13, 2024. The company aims to raise approximately ₹8,000 crores through a Book Built Issue, which includes a fresh issue and an offer for sale of equity shares with a face value of ₹10 each.
Here’s a detailed look at the IPO, including its price band, allotment, listing, and company financials.
IPO Highlights
Open and Close Dates:
- Open Date: December 11, 2024
- Close Date: December 13, 2024
Key Financials:
- Total Issue Size: Approx. ₹8,000 crores
- Face Value: ₹10 per equity share
- Price Band: ₹[.] to ₹[.] per share
- Retail Quota: 35%
- QIB Quota: 50%
- NII Quota: 15%
- Listing: BSE & NSE
Key Dates
| Event | Date |
|---|---|
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Basis of Allotment | December 16, 2024 |
| Refunds Initiated | December 17, 2024 |
| Credit to Demat Account | December 17, 2024 |
| Listing Date | December 18, 2024 |
Vishal Mega Mart Financials
Company Overview
Incorporation and Business Model:
Founded in May 2010, Vishal Mega Mart is one of India’s largest supermarket chains, catering to the daily needs of families across the country. The company operates in three primary categories:
- Clothing: Includes casual wear, formal wear, ethnic wear, and nightwear for all age groups.
- General Merchandise: Encompasses home appliances, furnishings, toys, and travel products.
- Fast-Moving Consumer Goods (FMCG): Includes packaged foods and non-food essentials.
Operational Reach:
As of June 30, 2024, Vishal Mega Mart boasts 626 stores across India and offers customers the convenience of shopping through its app and website.
Financial Performance
Revenue and Profit Growth:
The company has shown robust financial growth over the years:
- FY 2024 Revenue: ₹8,945.13 crores (up from ₹7,618.89 crores in FY 2023)
- FY 2024 Profit: ₹461.94 crores (up from ₹321.27 crores in FY 2023)
| Period Ended | Revenue (₹ Cr) | Expenses (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| FY 2022 | ₹5,653.85 | ₹5,384.20 | ₹202.77 | ₹8,217.98 |
| FY 2023 | ₹7,618.89 | ₹7,188.36 | ₹321.27 | ₹8,288.91 |
| FY 2024 | ₹8,945.13 | ₹8,324.18 | ₹461.94 | ₹8,506.08 |
Market Lot Details
| Investor Category | Minimum Lot | Shares Per Lot | Application Amount |
|---|---|---|---|
| Retail Minimum | 1 | [.] | ₹[.] |
| Retail Maximum | 13 | [.] | ₹[.] |
Promoters and Objectives
Promoters:
The company’s promoters include Samayat Services LLP and Kedaara Capital Fund II LLP.
Objectives of the IPO:
- To fund expansion and operational enhancement.
- To strengthen the company’s market presence.
Peer Comparison
| Company | EPS (₹) | PE Ratio | RoNW (%) | NAV (₹) | Revenue (₹ Cr) |
|---|---|---|---|---|---|
| Avenue Supermarts Limited | 38.99 | 107.05 | 13.56 | 287.47 | 50,788.83 |
| Trent Limited | 41.82 | 186.65 | 39.99 | 104.59 | 12,375.11 |
Conclusion
Investors may find Vishal Mega Mart IPO a promising option due to the company’s consistent growth in revenue and profit, its expansive reach, and strong brand recognition in the retail sector. However, careful consideration of market conditions and financial analysis is advised before investing.
For further details, visit Vishal Mega Mart Official Website.
