Thu Dec 05 20:43:07 UTC 2024: ## Vishal Mega Mart to Launch ₹8,000 Crore IPO

**Mumbai, India –** Vishal Mega Mart, a prominent supermarket chain with a presence across India, is set to launch its initial public offering (IPO) on December 11th, 2024. The IPO, entirely an offer for sale (OFS), will raise ₹8,000 crore for existing shareholders, with the offering closing on December 13th. Anchor investors will have access to the IPO a day earlier, on December 10th.

The company, which operates 645 stores across 414 cities in 28 states and 2 union territories, has not yet disclosed the price band or lot size. Share allotment is scheduled for December 16th, with shares credited to investors’ demat accounts by December 17th. Listing on the BSE and NSE is expected on December 18th.

Samayat Services LLP, the promoter of Vishal Mega Mart, holds a 96.46% stake in the company and will be offloading its shares during this IPO. The company submitted its IPO documents to SEBI in July 2024 and received approval on September 25th, 2024. Vishal Mega Mart stores offer a wide range of products, including clothing, electronics, and groceries. The company employs 16,537 people as of September 30, 2024.

**Disclaimer:** This news article is for informational purposes only. Consult with a financial expert before making any investment decisions.

Read More