The public issue of supermarket store operator Vishal Mega Mart will open for subscription on December 11. Established in 2001, Vishal Mega Mart is a hypermarket chain offering a variety of products including apparel, groceries, electronics and home essentials. It targets middle and lower-middle income people through its network of 645 stores (as of September 30) and their huge Mega Mart mobile app and website.
Vishal Mega Mart’s IPO is an OFS of 102.56 crore equity shares. The IPO size of Vishal Mega Mart is At the upper end of the price range Rs 8,000 crore. Therefore, the IPO consists entirely of OFS amount Rs 8,000 crore by promoter Samayat Services LLP with 96.46 per cent stake in Vishal Mega Mart.
at the upper price band of The market capitalization of the company is expected to be around 78 36,120 crores. Price band has been fixed from 74 per equity share with face value Rs.78 10. Lot size is 190 equity shares, followed by multiples of 190 equity shares. The lead managers of this IPO include Kotak Mahindra Capital, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India and Morgan Stanley India.
Tentatively, the basis for allotment of shares for Vishal Mega Mart IPO will be finalized on Monday, December 16. The company will initiate the refund on Tuesday, December 17 and after the refund, the shares will be credited to the demat account of the allottees on the same day. , The share price of Vishal Mega Mart will be listed on BSE and NSE on Wednesday, December 18.
