Vishal Mega Mart IPO

NiftyTrader • December 6, 2024

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Vishal Mega Mart IPO opens for subscription on December 11, 2024 and closes on December 13, 2024. The allotment for the Vishal Mega Mart IPO is expected to be finalized on Monday, December 16, 2024. Vishal Mega Mart IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 18, 2024.

Vishal Mega Mart IPO price band is set at ₹74 to ₹78 per share. The minimum lot size for an application is 190 Shares. The minimum amount of investment required by retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (2,660 shares), amounting to ₹207,480, and for bNII, it is 68 lots (12,920 shares), amounting to ₹1,007,760.

Vishal Mega Mart IPO is a book built issue of Rs 8,000.00 crores. The issue is entirely an offer for sale of 102.56 crore shares.

Vishal Mega Mart IPO Details

IPO Date	December 11, 2024 to December 13, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹74 to ₹78 per share
Lot Size	190 Shares
Total Issue Size	1,025,641,025 shares (aggregating up to ₹8,000.00 Cr)
Fresh Issue	1,025,641,025 shares of ₹10 (aggregating up to ₹8,000.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	4,508,719,493
Share holding post issue	4,508,719,493

Vishal Mega Mart IPO Lot Size

Investors can bid for a minimum of 190 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	190	₹14,820
Retail (Max)	13	2470	₹192,660
S-HNI (Min)	14	2,660	₹207,480
S-HNI (Max)	67	12,730	₹992,940
B-HNI (Min)	68	12,920	₹1,007,760

Vishal Mega Mart IPO Objectives

The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.

About Vishal Mega Mart

Incorporated In 2001, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.

They own their brands and third-party brands to meet the everyday needs of consumers. The company offers a wide range of products across apparel, general merchandise, and FMCG, including its brands for clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples.

The company targets middle and lower-middle-income people, through a Pan India network of 645 Vishal Mega Mart stores (as of September 30, 2024) and their Vishal Mega Mart mobile app and website. As of September 30, 2024, the company has a presence across 414 cities in 28 states and two union territories.

The company operates an asset-light business model, leasing all its distribution centers and stores, while its products are manufactured by third-party vendors or sourced from third-party brands.

As of September 30, 2024, their direct local delivery service, managed by their employees, had 6.77 million registered users and was available in 600 stores across 391 cities in India.

The Company Ranked as one of the top two offline-first diversified retailers in India. As of September 30, 2024, they had 16,537 employees.

Their portfolio of own Brands:

Apparel: Classics, Fashion, Denim, Ethnic
General Merchandise: Tandem Home Appliances, Home Select, Home Finery
FMCG: Savory Products, Staples, Home Care

Their Strengths:

Track Record of Delivering Revenue, Profit Growth and Capital Efficiency

Serving a Large and Growing Section of the Indian Population

Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base

Diverse and Growing Portfolio of their Brands across Product Categories

Pan-India Presence with a Track Record of Successful Store Growth

Technology Enabled and Systems Driven Operations

Professional and Experienced Management Team

Vishal Mega Mart Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	9,551.75	8,506.08	8,288.91	8,217.98
Revenue	5,053.42	8,945.13	7,618.89	5,653.85
Profit After Tax	254.14	461.94	321.27	202.77
Net Worth	5,923.74	5,646.59	5,180.84	4,849.93
Reserves and Surplus	1,390.27	1,113.12	649.50	321.88
Total Borrowing			133.50	497.41
				Amount in ₹ Crore

Vishal Mega Mart IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Vishal Mega Mart IPO Timeline (Tentative Schedule)

Vishal Mega Mart IPO opens on December 11, 2024, and closes on December 13, 2024.

IPO Open Date	Wednesday, December 11, 2024
IPO Close Date	Friday, December 13, 2024
Basis of Allotment	Monday, December 16, 2024
Initiation of Refunds	Tuesday, December 17, 2024
A credit of Shares to Demat	Tuesday, December 17, 2024
Listing Date	Wednesday, December 18, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 13, 2024