Vishal Mega Mart IPO: ₹8,000 Crore Issue Opens December 11 -5 Key Things to Know
Vishal Mega Mart, one of India’s leading supermarket chains, is all set to launch its much-awaited ₹8,000 crore initial public offering (IPO). The issue will open for public subscription on December 11, 2024 and close on December 13, 2024. Here’s everything you need to know about the IPO, its structure, and Vishal Mega Mart’s growth story.
1. Key IPO Details
IPO Size: ₹8,000 crore.
Issue Type: OFS by Samayat Services LLP, current promoter holding 96.55% of the Company.
Fresh Issue Component: Nil. The proceeds of this issue will be completely utilized for the account of the selling shareholder.
Anchor Investor Bidding Date: December 10, 2024.
Subscription Period: December 11 to December 13, 2024.
Listing Date: December 18, 2024. Equity shares will be listed and admitted to dealings on both BSE and NSE.
Kotak Mahindra Capital Company, Morgan Stanley India, ICICI Securities, JP Morgan India etc handle the IPO. Registrar is KFin Technologies.
2. About Vishal Mega Mart
Vishal Mega Mart was initiated as a retail store for Indian middle- and lower middle-income families. It brings to the market products available in various categories through both company owned brands and third party brands.
Key Features:
Retail Categories :
General Merchandise: Houses, furniture, and kitchen products.
Apparels: Apparel budgeted for men, women, and children
FMCG: Groceries and personal care products
Store Network:
has 645 stores in India as of Q2 FY25
Mobile Application and web platform by Vishal Mega Mart
3. Market Opportunity
Indian retailing is going to boom up with a significant surge
Market Size 2023 ₹68-72 trillion
Estimated Market size in 2028: ₹104-112 trillion
CAGR growth rate at 9%.
As one of India’s leading retail players, it is well-positioned to reap the benefits of this rising market. Its value-driven strategy allows it to cater to a set of price-sensitive customers; hence, it occupies the most prominent position in the aspirational retail market space of India.
4. Allotment and Listing Dates
Anchor Investor Bidding: December 10, 2024.
Basis of Allotment Finalization: December 16, 2024.
Listing Date: December 18, 2024, on NSE and BSE.
5. Strategic Insights
Since the IPO is an Offer for Sale, it reflects Samayat Services LLP’s intention to unlock value from its holding. Vishal Mega Mart’s business model strong in brick-and-mortar with digital capabilities well suits India’s fast-growing retail industry.
Why It Is Special:
Pan-India Reach: Wide geographical presence ensures steady revenue streams.
Affordable Products: Attracts price-sensitive customers in tier-2 and tier-3 cities.
Sector Growth: It is placed in an industry that will grow steadily for the next five years.
The Vishal Mega Mart IPO offers an opportunity for investors to reap benefits from the growth story of the popular retail brand, catering to middle-income families in India with its ₹8,000 crore IPO and pan-India presence, to avail themselves of growing retail business across the nation. Therefore, investors need to wait for the declaration of the price band in the next few days to finalize their investment plans.
Disclaimer: Stocks today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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