Tue Dec 10 11:07:55 UTC 2024: ## Vishal Mega Mart Sets Stage for Rs 8,000 Crore IPO

**Mumbai, December 10, 2024** – Vishal Mega Mart Ltd. is poised to launch an Rs 8,000 crore initial public offering (IPO), entirely 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, priced between Rs 74 and Rs 78 per share, has a grey market premium (GMP) of Rs 25 as of this morning, suggesting an estimated listing price of Rs 103, a potential 32% gain. Retail investors can participate with a minimum investment of Rs 14,820, while small and large Non-Institutional Investors (NIIs) require investments of Rs 207,480 and Rs 1,007,760, respectively. Kfin Technologies Ltd. is the registrar, and ICICI Securities Ltd., Nuvama Wealth Management Ltd., and SBI Capital Markets Ltd. are the lead managers.

The company reported robust financials for the period ended September 30, 2024, with revenue of Rs 5,053.42 crore and a profit after tax of Rs 254.14 crore. Its net worth stands at Rs 5,923.74 crore, and total assets are valued 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 shareholders. At least 35% of the shares are allocated to retail investors.

The IPO closes at 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 consulting with a financial advisor. Equitypandit and this publication are not responsible for any investment losses.*

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