Fri Dec 06 07:33:18 UTC 2024: ## Vishal Mega Mart’s ₹8000 Crore IPO to Open December 11th

**Mumbai, India** – Vishal Mega Mart, a prominent supermarket chain, is set to launch its initial public offering (IPO) on December 11th, 2024. The IPO, valued at ₹8000 crore (approximately $970 million USD), will remain open until December 13th, with a price band fixed at ₹74-₹78 per share. Shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with trading commencing on December 18th, 2024.

The IPO is an offer for sale (OFS), meaning the proceeds will go to existing shareholders, not the company itself. Retail investors can bid for a minimum of one lot (190 shares) and a maximum of 13 lots. A single lot requires an investment of ₹14,820. The face value of each share is ₹10.

Significant grey market premium (GMP) interest is already evident, with shares currently trading at a ₹13.50 premium, suggesting a potential listing price above ₹91. This follows a year of major IPOs including Hyundai Motor India (₹27,000 crore), Swiggy (over ₹11,000 crore), and NTPC Green Energy (₹10,000 crore).

Established in 2001, Vishal Mega Mart boasts a pan-India network of 645 stores (as of September 2024), offering a wide range of products including apparel, groceries, electronics, and home appliances. The IPO is expected to be one of the largest of the year.

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