Tue Dec 17 18:03:03 UTC 2024: ## Vishal Mega Mart IPO OverSubscribed, Listing on December 18th
**Mumbai, December 17, 2023** – Vishal Mega Mart’s initial public offering (IPO) concluded on December 13th, significantly oversubscribed at 28.75 times. The company successfully raised ₹8000 crore (approximately $970 million USD) from the primary market. Retail investors alone subscribed 2.43 times the offering. Allotment of shares was completed on December 16th, and the IPO is set to list on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Wednesday, December 18th.
The IPO’s price band was fixed at ₹74-₹87 per equity share. Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India Company acted as lead managers. Investors can check their allotment status through the registrar, Kfin Technologies, using their account/DP ID/PAN number.
The grey market indicates a potential listing price of ₹98.5, a 26% premium over the upper price band. Retail investors could apply for a minimum lot of 190 shares (₹14,820). The minimum lot size for small Non-Institutional Investors (NIIs) was 2,660 shares (14 lots), while large NIIs had a minimum of 12,920 shares (68 lots).
First Piper 