Tue Dec 17 06:23:01 UTC 2024: ## Vishal Mega Mart IPO Allotment Announced; Listing Expected Wednesday

**Mumbai, December 16, 2024** – Vishal Mega Mart Ltd., the hypermarket chain operator, has announced the allotment of shares for its highly oversubscribed initial public offering (IPO). The IPO, which closed on December 13th, saw a remarkable 27.28 times subscription, with strong interest from retail investors, qualified institutional buyers (QIBs), and non-institutional investors (NIIs).

The company has finalized the basis of allotment, and shares will be credited to successful applicants’ demat accounts on Tuesday, December 17th. Refunds will also be processed on the same day. The shares are expected to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, December 18th.

Investors can check their allotment status online through the BSE website ([https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx)), the NSE website, or the registrar’s website ([https://kosmic.kfintech.com/ipostatus/](https://kosmic.kfintech.com/ipostatus/)) (Kfin Technologies).

The IPO, priced between ₹74 and ₹78 per share, raised ₹8,000 crore through an offer for sale (OFS) of 102.56 crore equity shares. The grey market premium (GMP) currently stands at ₹19 per share, suggesting a potential listing price of ₹97, a 24.36% premium over the issue price. Kotak Mahindra Capital Company, ICICI Securities, and several other firms acted as book running lead managers.

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