The allotment of shares for the Vishal Mega Mart IPO is expected to be finalised on Monday, December 16. Investors who applied for the Rs 8,000 corer IPO will receive alerts, messages, or emails regarding the allotment, or any revocations of their IPO mandate, by Tuesday, December 17.
Vishal Mega Mart IPO was open for bidding from December 11 to December 13, and saw a strong response from investors. The company offered shares in the price band of Rs 74-78 per share, with a minimum lot size of 190 shares.
The IPO received an overwhelming response, with the issue being subscribed 27.28 times overall. Qualified Institutional Buyers (QIBs) portion was subscribed 80.75 times.
The Non-Institutional Investors (NIIs) category was subscribed 14.24 times. Retail Investors quota was booked 2.31 times during the three-day bidding period.
In total, investors applied for 20,64,25,17,700 equity shares against the 75,67,56,757 equity shares on offer, fetching bids worth Rs 1.60 lakh crore. Out of this, Rs 1.36 lakh crore came from the QIB category alone.
Investors who applied for the Vishal Mega Mart IPO can check their allotment status on the following platforms:
BSE WEBSITE
Visit BSE Allotment Status Page.
Select Equity under the Issue Type.
Choose Vishal Mega Mart Limited from the dropdown menu under Issue Name.
Enter your Application Number.
Provide your PAN Card ID.
Complete the captcha verification.
Click on the Search button.
KFIN TECHNOLOGIES WEBSITE
Select Vishal Mega Mart Limited from the dropdown menu (available only after allotment finalisation).
Choose one of the following modes to check your status:
Application Number
Demat Account Number
PAN ID
Select your Application Type (ASBA or Non-ASBA).
Enter the relevant details.
Complete the captcha verification.
Click on the Submit button.
KFin Technologies Limited is the registrar for the Vishal Mega Mart IPO. As a Sebi-registered entity, the registrar manages the IPO allotment process, updates electronic credit of shares for successful applicants, and addresses investor-related queries.
LATEST GMP AND EXPECTED LISTING GAINS
The grey market premium (GMP) for Vishal Mega Mart IPO has shown improvement, reflecting the strong demand. As of the latest update, the GMP is Rs 19-20, indicating potential listing gains of around 25% for investors. On the final day of bidding, the GMP stood at Rs 16.
Founded in 2001, Vishal Mega Mart is a leading hypermarket chain that caters to a broad range of consumer needs. Its product offerings include apparel, groceries, electronics, home essentials, and fast-moving consumer goods (FMCG). The company offers both its in-house brands and third-party brands.
Brokerages have mostly given a positive view of the IPO for long-term investment, citing its strong presence in the retail sector, an efficient supply chain network, and solid financial performance. However, concerns such as limited margins, intense competition, and the entirely OFS-based structure of the IPO have tempered expectations.
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