Fri Dec 06 13:23:34 UTC 2024: ## Vishal Mega Mart IPO to Raise ₹8,000 Crore, Opens December 11th
**Mumbai, India –** Vishal Mega Mart, a large hypermarket chain, will launch its initial public offering (IPO) on December 11th, aiming to raise ₹8,000 crore (approximately $967 million USD). The IPO will close on December 13th, with a price band of ₹74-78 per equity share. The company also plans to raise an additional ₹102.56 crore from existing shareholders.
The IPO is generating significant buzz, with shares trading at a ₹13 premium in the grey market, suggesting a potentially positive listing on the NSE and BSE. Allotment is expected by December 16th, with listing on the exchanges anticipated for December 18th.
Vishal Mega Mart operates a network of hypermarkets selling a wide range of products, including apparel, groceries, electronics, and home goods, both through its own brands and third-party brands. The minimum investment for retail investors is ₹14,820 for one lot of 190 shares. Different lot sizes are available for smaller and larger investors.
Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India are the book-running lead managers for the IPO, with Kfin Technologies serving as the registrar.
First Piper 