Vishal Mega Mart Limited IPO Details – All You Need to Know
December 10th, 2024
IPO
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.
- Proven Revenue Growth: Consistent financial performance.
IPO Objectives
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.
