Tue Dec 17 09:42:23 UTC 2024: ## Vishal Mega Mart IPO Allotment Finalized; Listing Expected to Yield High Gains

**Mumbai, December 17, 2024** – Allotment for the Vishal Mega Mart initial public offering (IPO) is finalized today. The IPO, which saw initial slow subscription, gained significant momentum in the final days, ultimately exceeding expectations by being oversubscribed 28 times. The hypermarket chain, with a presence across nearly every state and union territory in India, is slated to list on the BSE and NSE tomorrow, December 18th.

The grey market premium (GMP) is currently at ₹20.50, suggesting a potential listing gain exceeding 26%. However, market experts caution that actual listing gains will depend on the company’s performance and overall market conditions on the listing day.

Investors can check their allotment status on the BSE website ([https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx)) or the registrar KFintech’s website ([https://ris.kfintech.com/ipostatus/](https://ris.kfintech.com/ipostatus/)).

Vishal Mega Mart’s ₹8,000 crore IPO, priced between ₹74 and ₹78 per share, offered 190 shares per lot. While initial subscription was sluggish, it picked up considerably in the latter days, with Qualified Institutional Buyers (QIBs) portion oversubscribed by 85.11 times, Non-Institutional Investors (NIIs) by 15.01 times, and retail investors by 2.43 times. The overall subscription was 28.75 times. The IPO involved an offer for sale of existing shares; the company itself did not raise any fresh capital.

Established in 2001, Vishal Mega Mart operates 645 stores across 414 cities in 28 states and 2 union territories, targeting the middle and lower-middle-income consumer groups. The company operates on an asset-light model, leasing its distribution centers and stores and sourcing products from third-party vendors and brands. Its financial health has shown consistent improvement, with net profits increasing from ₹202.77 crore in FY22 to ₹461.94 crore in FY24, and revenue growing at a CAGR of over 25% to ₹8,945.13 crore in the same period. The first half of FY25 (April-September 2024) saw a net profit of ₹254.14 crore and revenue of ₹5,053.42 crore.

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