₹ 14820
₹74- ₹78
190
₹101
33
13 Dec 2024
Download17 Dec 2024
18 Dec 2024
Application Details
The Vishal Mega Mart IPO is scheduled to open for subscription from December 11, 2024, to December 13, 2024. The IPO has a face value of ₹10 per share with a price band set at ₹74 to ₹78 per share. Investors can bid in lot sizes of 190 shares, requiring a minimum investment of ₹14,820 for one lot, while the maximum permissible investment for retail investors is ₹1,92,660 for 13 lots (2,470 shares). The total issue size comprises 1,025,641,025 shares, aggregating up to ₹8,000 crore, entirely offered as an Offer for Sale.
The issue type is a Book Built IPO, and the shares will be listed on both BSE and NSE. Pre-issue and post-issue shareholding remain unchanged at 4,508,719,493 shares. The IPO's reservation includes not more than 50% of the net offer for Qualified Institutional Buyers (QIBs), not less than 35% for retail investors, and not less than 15% for Non-Institutional Investors (NIIs/HNIs).
Key dates for the Vishal Mega Mart IPO include the basis of allotment announcement on December 16, 2024, initiation of refunds and credit of shares to demat accounts on December 17, 2024, and the listing date on December 18, 2024.
About Vishal Mega Mart Limited
Company Overview
Incorporated in 2001, Vishal Mega Mart is a leading hypermarket chain in India that caters to the everyday needs of middle and lower-middle-income groups. The company provides a wide range of products, including apparel, groceries, electronics, and home essentials, through its offline stores and digital platforms like its mobile app and website.
Product Categories
Vishal Mega Mart offers products across three major categories:
- Apparel: Includes t-shirts, shirts, denim, nightwear, innerwear, western wear, formal wear, and ethnic wear for men, women, children, and infants.
- General Merchandise: Features home appliances, crockery, utensils, home furnishings, toys, stationery, travel accessories, and footwear.
- Fast-Moving Consumer Goods (FMCG): Includes packaged food items, staples, and non-food products like home care essentials.
Business Model
The company operates an asset-light model, leasing all its stores and distribution centers. Its products are either manufactured by third-party vendors or sourced from third-party brands. This allows Vishal Mega Mart to focus on efficient operations and cost management.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.