Thu Dec 05 23:12:56 UTC 2024: ## Vishal Mega Mart’s ₹8,000 Crore IPO Opens December 11th

**Mumbai, December 7, 2024** – Vishal Mega Mart, a prominent supermarket chain in India, is set to launch its initial public offering (IPO) on Wednesday, December 11th, 2024. The ₹8,000 crore IPO will close on December 13th, with the anchor investor portion opening on December 10th.

Unlike most IPOs, this offering is entirely an offer-for-sale (OFS). No new shares will be issued by the company. Instead, all shares will be offered by the promoter, Samayat Services LLP, which currently holds a 96.55% stake in Vishal Mega Mart. Therefore, Vishal Mega Mart itself will not receive any proceeds from the IPO; all funds will go to Samayat Services LLP.

The company, which has a strong presence across lower, lower-middle, and middle-class segments, offers a wide range of daily necessities and operates 626 stores nationwide as of June 30, 2024. Customers can also shop online via the Vishal Mega Mart mobile app and website. The company’s product range includes in-house and third-party brands focusing on apparel, general merchandise, and fast-moving consumer goods (FMCG).

Vishal Mega Mart had submitted its IPO documents to SEBI via the pre-filing route in July and received approval on September 25th. An updated draft filing was submitted in October.

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