Vishal Mega Mart Limited IPO is one of the most anticipated public offerings of 2024. The company, a leading retail chain in India, is coming out with a book-built IPO of ₹8,000 crores through an offer for sale of 1,025.64 crore shares. Below are the detailed insights into the IPO for potential investors.
Vishal Mega Mart IPO Overview
IPO Details
Information
IPO Opening Date
December 11, 2024
IPO Closing Date
December 13, 2024
Listing Date (Tentative)
December 18, 2024
Issue Type
Book Built Issue
Face Value
₹10 per share
Price Band
₹74 to ₹78 per share
Lot Size
190 Shares
Total Issue Size
₹8,000 Crores
Offer for Sale
1,025.64 crore shares
Listing At
BSE, NSE
Market Capitalization
₹35,168.01 Crores
Promoters
Samayat Services LLP, Kedaara Capital Fund II LLP
Vishal Mega Mart IPO Important Dates
Event
Date
IPO Open Date
December 11, 2024
IPO Close Date
December 13, 2024
Basis of Allotment
December 16, 2024
Refunds Initiation
December 17, 2024
Credit of Shares to Demat
December 17, 2024
Listing Date
December 18, 2024
Vishal Mega Mart IPO Lot Size and Investment Details
The minimum lot size is 190 shares, making the minimum investment ₹14,820 for retail investors. Below is the investment breakdown:
Investor Category
Lot Size (Shares)
Investment Amount
Retail (Min)
190
₹14,820
Retail (Max)
2,470
₹192,660
S-HNI (Min)
2,660
₹207,480
S-HNI (Max)
12,730
₹992,940
B-HNI (Min)
12,920
₹1,007,760
Vishal Mega Mart IPO Reservation
Investor Category
Shares Offered
QIB
Not more than 50% of the Net Issue
Retail
Not less than 35% of the Net Issue
NII (HNI)
Not less than 15% of the Net Issue
Promoter Holdings (Pre and Post IPO)
Promoters
Pre-IPO (%)
Post-IPO (%)
Samayat Services LLP
96.46%
76.02%
About Vishal Mega Mart Limited
Established in 2001, Vishal Mega Mart is a leading hypermarket chain in India. The company operates an asset-light business model, leasing its distribution centers and stores. As of September 2024:
Operates 645 stores across 414 cities in 28 states and 2 union territories.
Serves over 6.77 million registered users through its mobile app and website.
Employs 16,537 people across India.
Key Product Categories:
Apparel: Classics, Fashion, Denim, Ethnic
General Merchandise: Tandem Home Appliances, Home Select
FMCG: Savory Products, Staples, Home Care
Financial Performance (Restated Consolidated)
Financial Year
Assets (₹ Cr)
Revenue (₹ Cr)
Profit After Tax (₹ Cr)
FY 2024 (H1)
9,551.75
5,053.42
254.14
FY 2024
8,506.08
8,945.13
461.94
FY 2023
8,288.91
7,618.89
321.27
FY 2022
8,217.98
5,653.85
202.77
Strengths of Vishal Mega Mart
Pan-India Presence: Wide reach across cities and states.
Diverse Product Portfolio: Wide range of private and third-party brands.
Consumer-Centric Approach: Large and loyal customer base.
Asset-Light Model: Efficient and scalable operations.
The IPO is an Offer for Sale (OFS), and the company will not receive any proceeds. The funds will benefit the selling shareholders after deductions for taxes and related expenses.
