Mon Dec 09 13:51:22 UTC 2024: ## Vishal Mega Mart IPO to Open, Boasting High Grey Market Premium

**Mumbai, India** – Vishal Mega Mart (VMM), a leading Indian retailer, is set to launch its initial public offering (IPO) on December 11th, with a price band of ₹74-78 per share. The ₹8,000 crore IPO will close on December 13th, with anchor investor bidding opening on December 10th. The allotment is expected on December 16th, and listing is scheduled for December 18th.

VMM, which boasts annual revenues of ₹8,900 crore (FY24), operates 645 stores across India, catering to middle- and lower-middle-income consumers. Its product range includes apparel, general merchandise, and FMCG goods. The IPO comes amid a busy week for the Indian market, with 11 public issues slated to open for subscription.

Interestingly, VMM shares are currently trading at a significant grey market premium (GMP) of approximately 30%, or ₹24 above the IPO price, suggesting potential for strong listing gains. This is up from a 21% GMP just last week.

Meanwhile, Traders Gurukul is hosting its “BOTS” options trading summit on the 2nd or 3rd Sunday of each month across major Indian cities. The event aims to provide traders with valuable insights into the crypto market, as well.

**Disclaimer:** *This news article summarizes information from Moneycontrol. Investment decisions should be made after consulting with certified financial experts.*

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