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Unlisted shares of Vishal Mega Mart Ltd are currently trading at Rs 97 per share in the grey market, which is 24.36 per cent higher than the IPO issue price of Rs 78, indicating a decent listing on December 18.
Vishal Mega Mart IPO.
Vishal Mega Mart IPO Allotment Date, Latest GMP: The allotment of the Vishal Mega Mart IPO will be finalised on Monday, December 16. Following this, the listing will take place on both BSE and NSE on Wednesday, December 18. The latest GMP currently stands at 24.36 per cent, signalling a decent listing.
The initial public offering of Vishal Mega Mart Ltd, which was available for subscription between December 11 and December 13, received an overall subscription of 28.75 times. The retail category received a 2.43 times subscription in total, and the NII (non-institutional investors) portion got a 15.01 times subscription. Its QIB (qualified institutional buyer) category has been subscribed by 85.11 times.
The price band of the IPO was fixed at Rs 74 to Rs 78 apiece.
The shares of Vishal Mega Mart Ltd are scheduled to be listed on both BSE and NSE on December 18, Wednesday.
The IPO allotment will be finalised on the Monday evening. Once allotted, investors will receive a bank debit message. They can also check the IPO allotment status on the websites of BSE and NSE, as well as on registrar Kfin Technologies’ portal.
Vishal Mega Mart IPO GMP Today
According to market observers, unlisted shares of Vishal Mega Mart Ltd are currently trading at Rs 97 per share in the grey market, which is Rs 19 or 24.36 per cent higher than the IPO issue price of Rs 78. It indicates a decent listing on December 18.
The 24.36 per cent GMP is higher than the 20.51 per cent grey market premium recorded on the first day of the IPO.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Vishal Mega Mart IPO: How To Check Allotment Status Online?
Once the IPO allotment is finalised on December 16, investors can check the allotment status online by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Vishal Mega Mart Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Kfin Technologies Ltd’s portal — https://ipostatus.kfintech.com/ and check the Vishal Mega Mart IPO allotment status.
Vishal Mega Mart IPO: More Details
The IPO of the Gurugram-based supermart major is entirely an offer-for-sale (OFS) of shares by promoter Kedaara Capital-led Samayat Services LLP, Samayat Services LLP, with no fresh issue of equity shares.
The IPO’s price ranged at Rs 74-78 apiece.
Vishal Mega Mart collected Rs 2,400 crore from anchor investors, a day before the IPO.
Vishal Mega Mart’s product range includes both in-house and third-party brands, covering three key categories — apparel, general merchandise, and fast-moving consumer goods.
As of June 30, 2024, it operates 626 Vishal Mega Mart stores across India, along with a mobile app and website.
Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J P Morgan India, and Morgan Stanley India Company are the book-running lead managers for the issue.
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