Mon Dec 09 13:27:20 UTC 2024: **Vishal Mega Mart to Launch Rs 8,000 Crore IPO**

MUMBAI, December 9, 2024 – Vishal Mega Mart Ltd. is set to launch an Rs 8,000 crore initial public offering (IPO) entirely through an offer-for-sale of 102.56 crore shares. The company will list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

The IPO price band has been set at Rs 74-78 per share, with a minimum investment of Rs 14,820 for retail investors. High net worth individuals (HNIs) will need to invest at least Rs 207,480 (small NII) or Rs 1,007,760 (large NII). Kfin Technologies Ltd. is the registrar, while ICICI Securities Ltd., Nuvama Wealth Management Ltd., and SBI Capital Markets Ltd. are the book running lead managers.

The grey market premium (GMP) currently stands at Rs 23, suggesting an estimated listing price of Rs 101, a potential 29.49% gain. The company reported Rs 5,053.42 crore in revenue and Rs 254.14 crore in profit after tax for the period ended September 30, 2024. Its net worth is Rs 5,923.74 crore, and total assets stand at Rs 9,551.75 crore. The IPO’s market capitalization is estimated at Rs 35,168.01 crore. Importantly, the company will not receive any proceeds from the offer-for-sale; all funds will go to the promoter selling shareholder. At least 35% of the shares are allocated to retail investors.

The IPO opens for subscription until 5 PM on December 13, 2024, though brokers may close applications earlier. Investors can apply through their demat accounts or banking channels.

**Disclaimer:** *This news article is based on publicly available information. Investment decisions should be made after thorough due diligence and consideration of individual risk tolerance. Equitypandit and this publication are not responsible for any investment losses.*

Read More