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About Vishal Mega Mart IPO
Vishal Mega Mart Ltd is preparing to launch a Rs 8,000 crore book. It will consist entirely of an offer-for-sale of 102.56 crore shares. The firm is preparing to make its debut on both the BSE and NSE.
Retail investors must make a minimum investment of Rs 14,820 to participate. Small NII investors need to invest at least Rs 207,480 for 2,660 shares, equivalent to 14 lots. Large NII investors need a minimum investment of Rs 1,007,760 for 12,920 shares, which is 68 lots.
Kfin Technologies Ltd has been appointed as the official registrar for this offering. ICICI Securities Ltd, Nuvama Wealth Management Ltd and SBI Capital Markets Ltd are the book running lead managers in this IPO.
Vishal Mega Mart IPO Latest GMP:
The most recent GMP of Vishal Mega Mart IPO is Rs 21, as of 11th December, 2024 09:30 AM. The IPO has a price band of Rs 78. The estimated listing price for Vishal Mega Mart Ltd is Rs 99, reflecting a potential gain of 26% per share.
For the Vishal Mega IPO, the Retail Subject to Sauda is Rs 3,300, and the Small HNI Subject to Sauda is Rs 46,200. The GMP ranges from a low of Rs 13 to a high of Rs 23.
Vishal Mega Mart IPO Details
| Vishal Mega Mart Ltd IPO Opening Date and Closing Date | 11th December to 13th December |
| Face Value | Rs 10 per share |
| Price Band | Rs 74 to Rs 78 per share |
| Lot Size | 190 Shares |
| Total Issue Size | 1,025,641,025 shares (aggregating up to Rs 8,000 Cr) |
| Offer for Sale | 1,025,641,025 shares (aggregating up to Rs 8,000 Cr) |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE, BSE |
| Shareholding Pre-Issue | 4,508,719,493 |
| Shareholding Post Issue | 4,508,719,493 |
| Basis of Allotment | Monday, 16th December, 2024 |
| Refund Initiation | Tuesday, 17th December, 2024 |
| Credit of Shares in Demat | Tuesday, 17th December, 2024 |
| Listing Date | Wednesday, 18th December, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 13th December, 2024 |
| Draft Red Herring Prospectus | Link |
| Red Herring Prospectus | Link |
Vishal Mega Mart Company Details
- Vishal Mega Mart is a hypermarket that provides a store full of apparel, grocery items, electronic gadgets, and home supplies and has been operational since 2001.
- This place provides an option of their owned brands, besides offering the options on third party brands under which categories such products come- such as, clothing and home furnishings, kitchen appliances and electronics, food, and staple items.
- As of 30th September, 2024, it serves middle and lower-middle-income groups through 645 stores, a mobile app, and a website, with its presence in 414 cities of 28 states and 2 union territories.
- It runs an asset-light model wherein it has leased out the distribution centers and stores, while third-party vendors source or manufacture products.
- Their direct delivery service, available in 600 stores across 391 cities, serves 6.77 million users as of 30th September, 2024.
- Ranked among India’s top two offline-first diversified retailers, the company employs 16,537 people.
- Own Brand Portfolio:
- Apparel: Classics, Fashion, Denim, Ethnic
- General Merchandise: Tandem Home Appliances, Home Select, Home Finery
- FMCG: Savory Products, Staples, Home Care
Vishal Mega Mart IPO Lot Size, Shares, And Their Value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 190 | Rs 14,820 |
| Retail (Max) | 13 | 2,470 | Rs 192,660 |
| S-HNI (Min) | 14 | 2,660 | Rs 207,480 |
| S-HNI (Max) | 67 | 12,730 | Rs 992,940 |
| B-HNI (Min) | 68 | 12,920 | Rs 1,007,760 |
Investor categories and Vishal Mega Mart Ltd shares offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Vishal Mega Mart Company Performance:
For the period ended on 31st March, 2024 & 31st March, 2023:
| Periods Ended | 31st Mar, 2024 | 31st Mar, 2023 |
| Assets | Rs 8,506.08 Cr. | Rs 8,288.91 Cr. |
| Revenue | Rs 8,945.13 Cr. | Rs 7,618.89 Cr. |
| Profit After Tax | Rs 461.94 Cr. | Rs 321.27 Cr. |
| Net Worth | Rs 5,646.59 Cr. | Rs 5,180.84 Cr. |
| Reserves and Supplies | Rs 1,113.12 Cr. | Rs 649.50 Cr. |
| Total Borrowing | – | Rs 133.50 Cr. |
Vishal Mega Mart Ltd IPO: Worth Investing?
Financial Performance:
Revenue: The company generated Rs 5,053.42 crore in revenue during the period ended on 30th September, 2024.
Profit After Tax (PAT): The company earned a profit of Rs 254.14 crore after deducting taxes.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 5,923.74 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 9,551.75 crore.
Reserves and Surplus: The company has accumulated reserves and surplus of Rs 1,390.27 crore.
Vishal Mega Mart Ltd Key Performance Indicators (KPI) and their values:
The market capitalisation of Vishal Mega Mart Ltd IPO is Rs 35,168.01 crore. As of 31st March, KPI and their values are:
| KPI | Values |
| Return on Capital Employed (ROCE) | 68.76% |
| Return on Net Worth (RoNW) | 8.18% |
| Price to Book Value (P/BV) | 6.23 |
| PAT Margin (%) | 5.18 |
Objectives of Vishal Mega Mart Ltd IPO
The Company won’t get any money from the Offer for Sale. All proceeds, after deducting related expenses and taxes, will go to the Promoter Selling Shareholder.
Key Risks of Investing in Vishal Mega Mart Ltd IPO
- The company depends on third-party vendors for products sold under its brand. Any failure to meet quality standards could harm its business.
- Inability to adapt to changing consumer preferences may reduce demand and impact the business negatively.
- Misjudging consumer demand or improper inventory management can adversely affect operations.
- Operating on leased premises exposes the company to risks tied to leasing real estate.
Some Frequently Asked Questions
What is the price band of Vishal Mega Mart Ltd IPO?
Price band has been fixed at Rs 74 and Rs 78 per share.
What is the retail investor quota of Vishal Mega Mart Ltd IPO?
A minimum of 35% shares shall go to the retail investors.
What is the lot size and share distribution for High Net-Worth Individuals (HNIs)?
The lot size for HNIs is 14 lots, with a total of 2,660 shares allocated.
How can I apply for Vishal Mega Mart Ltd Initial Public Offer?
You can apply through your demat account, banking channels, or other financial institutions during the IPO period.
When is the Last Date of IPO subscription for Vishal Mega Mart Ltd?
The cut-off time is 5 PM on 13th December, 2024, but many brokers close applications earlier, typically between 1-3 PM.
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