| Vishal Mega Mart IPO GMP | Vishal Mega Mart IPO Analysis | Vishal Mega Mart IPO Allotment |
Vishal Mega Mart IPO subscription starts on 11 December 2024 and will close on 13 December 2024. The company plans to raise around INR 8,000 crores via the IPO. The price band is fixed at INR 74 – 78 per share. Vishal Mega Mart IPO market lot has 190 shares, and the minimum application amount is INR 14,820. The retail quota is 35%, QIB is 50%, and NII is 15%.
Check Vishal Mega Mart IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Vishal Mega Mart IPO Subscription Status segregated by days and investor categories.
Vishal Mega Mart IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 21,62,16,215 | 16,21,62,163 | 37,83,78,379 | 75,67,56,757 |
| 13 Dec 2024 | 80.75 | 14.24 | 2.31 | 27.28 |
| 12 Dec 2024 | 0.48 | 3.84 | 1.16 | 1.54 |
| 11 Dec 2024 | 0.03 | 1.11 | 0.53 | 0.51 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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Vishal Mega Mart – Business Background
Vishal Mega Mart, founded in 2001 by Ram Chandra Agrawal, has emerged as one of India’s leading discount retail chains, catering primarily to price-sensitive consumers. The company operates over 645 stores across more than 414 cities, focusing on tier-II and tier-III markets where demand for affordable products is substantial. Vishal Mega Mart’s diverse product range includes apparel, groceries, electronics, and personal care items, allowing customers to meet various shopping needs under one roof. The company’s business model emphasizes bulk purchasing to lower costs, which enables it to offer competitive pricing while maintaining quality.
The retail chain’s strategic focus on smaller cities has positioned it well within the rapidly growing Indian retail sector. With the Indian retail market projected to reach USD 1.7 trillion by 2026, Vishal Mega Mart is poised to capitalize on this growth by tapping into the increasing consumption power of non-metro regions. The company has also embraced e-commerce, enhancing its online shopping platform to complement its physical stores and adapt to changing consumer preferences. This dual approach not only broadens its market reach but also strengthens customer engagement.
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Investor Categories in Vishal Mega Mart IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Vishal Mega Mart IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Vishal Mega Mart IPO Subscription Status FAQs
When will the Vishal Mega Mart IPO subscription start?
Vishal Mega Mart IPO subscription starts on 11 December and ends on 13 December 2024.
How to subscribe to Vishal Mega Mart IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Vishal Mega Mart IPO be listed?
Vishal Mega Mart IPO will be listed on 18 December 2024, on the BSE and NSE stock exchanges.
