Fri Dec 06 06:43:14 UTC 2024: ## Vishal Mega Mart Sets IPO Price Band at ₹74-78, Aims for ₹36,120 Crore Market Cap

**MUMBAI** – Vishal Mega Mart, a rapidly growing hypermarket chain, is set to launch its initial public offering (IPO) on December 11th, with the price band fixed at ₹74 to ₹78 per share. The offer, which closes on December 13th, is entirely an offer for sale (OFS) of ₹8,000 crore by promoter Samayat Services LLP, which retains a 96.46% stake. At the upper price band, the company’s market capitalization is projected to reach ₹36,120 crore.

The IPO will allocate a maximum of 50% of shares to qualified institutional buyers (QIBs), at least 15% to non-institutional investors (NIIs), and at least 35% to retail investors. The lot size is 190 shares. The company’s P/E ratio, based on fiscal 2024 diluted EPS, ranges from 73.27 to 77.23 times at the lower and upper price bands respectively. Anchor investor allocation is scheduled for December 10th, with allotment finalized on December 16th. Refunds and crediting of shares to demat accounts are slated for December 17th, and listing on the BSE and NSE is expected on December 18th.

Vishal Mega Mart, established in 2018, offers a wide range of products, including apparel, groceries, electronics, and home essentials, boasting both its own brands and third-party brands. The company reported a 17.41% sales growth and a 43.78% increase in profit after tax (PAT) between fiscal years 2023 and 2024. Comparable companies, Avenue Supermarts and Trent Ltd., have P/E ratios of 98.23 and 163.59 respectively.

Leading the IPO are Kotak Mahindra Capital, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India, and Morgan Stanley India. Investors are advised to consult with financial advisors before making any investment decisions.

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