Mon Dec 16 23:42:17 UTC 2024: ## Vishal Mega Mart IPO Allotment Announced, Strong Investor Interest Anticipated

**Gurugram, India (December 17, 2024)** – Vishal Mega Mart’s initial public offering (IPO) allotment is complete, with investors receiving bank debit messages confirming their allocations. The highly oversubscribed IPO, which closed on December 13th, saw a remarkable 28.75 times subscription across all categories. Qualified Institutional Buyers (QIBs) showed the most significant interest, subscribing 85.11 times the allotted shares.

Investors can check their allotment status on the BSE and NSE websites, or through Kfin Technologies’ portal using their application number or PAN details.

The IPO, priced between Rs 74 and Rs 78 per share, raised Rs 2,400 crore from anchor investors before its launch. The grey market premium (GMP) currently stands at Rs 20.50 (26.28%), indicating a positive market sentiment. While the GMP suggests a potential listing gain, it’s not a guarantee of future performance.

Vishal Mega Mart, a leading retail chain with 626 stores across India, is set to list on the BSE and NSE on Wednesday, December 18th. The company offers a wide range of products across apparel, general merchandise, and FMCG, supported by an omnichannel presence including a mobile app and e-commerce website. This OFS (Offer for Sale) IPO is entirely from the promoter, Kedaara Capital-led Samayat Services LLP.

The IPO was managed by several prominent book-running lead managers, including Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JPMorgan India, and Morgan Stanley India. The strong subscription and positive GMP suggest considerable investor optimism for Vishal Mega Mart’s future in the competitive Indian retail sector.

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