Fri Dec 13 08:04:52 UTC 2024: ## Vishal Mega Mart’s Rs 8,000 Crore IPO Opens, Draws Investor Attention Amidst ED Probe

**MUMBAI, INDIA** – Vishal Mega Mart, a Gurugram-based supermarket chain, launched its highly anticipated Rs 8,000 crore initial public offering (IPO) today, December 11th. The offer-for-sale (OFS) comprises 102.56 crore shares by promoter Samayat Services LLP, with no fresh equity issuance. The IPO, priced between Rs 74 and Rs 78 per share, closes on December 13th. A minimum of 190 shares (Rs 14,820) is required per lot for retail investors. Listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is anticipated for December 18th.

The company, boasting 626 stores nationwide and a strong online presence, has experienced robust revenue growth (26.28% CAGR since FY2022). However, the IPO comes amidst an ongoing investigation by the Enforcement Directorate (ED) under the Foreign Exchange Management Act (FEMA). Concerns have also been raised by analysts regarding the company’s reliance on third-party vendors for product manufacturing and its geographic concentration of sales.

Despite these risks, investors are showing keen interest, driven by India’s rising per capita income and Vishal Mega Mart’s expansion plans into Tier-II cities. Further details, including analyst recommendations and the grey market premium (GMP), are available on financial news platforms like Moneycontrol. The IPO allotment is expected on December 16th, with KFin Technologies Limited serving as the registrar.

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