Vishal Mega Mart Limited IPO

Mainboard

Listed On: Dec 18, 2024 at ₹ 104.0(NSE)

₹ 14820 /190 Shares

Check Allotment

Vishal Mega Mart IPO Details

11 Dec, 2024

Open Date

13 Dec, 2024

Close Date

16 Dec, 2024

Allotment Date

18 Dec, 2024

Listing Date

Issue Price

₹74-78 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

104.0(NSE)

Listing Date

2024-12-18

Market Lot

Retail : 190 Shares (₹14,820/-)
S-HNI : 2,660 Shares (₹2,07,480/-)
B-HNI : 12,920 Shares (₹10,07,760/-)

Lead Manager

Kotak Mahindra Capital Company Limited
ICICI Securities Limited
Intensive Fiscal Services Private Limited
Jefferies India Private Limited
J.P. Morgan India Private Limited
Morgan Stanley India Company Pvt Ltd

Issue Size

OFS : 1,025,641,025 shares of ₹2(aggregating up to ₹8,000 Crores)

Retail Portion

35% (Number of Retail Applications: 18,89,339 Approx),
(Number of S-HNI Applications : 19,279 Approx),
(Number of B-HNI Applications : 38,558 Approx)

Subscription

27.28 times

IPO Docs

DRHP RHP ANCHOR

Vishal Mega Mart IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	205,128,206	153,846,154 102,564,103 51,282,051	358,974,359	717,948,719
Day 1 - 11-12-24 05:00 PM	0.03 x	1.11 1.16 x 1.02 x	0.53 x	0.51 x
Day 2 - 12-12-24 05:00 PM	0.48 x	3.84 4.18 x 3.17 x	1.16 x	1.54 x
Day 3 - 13-12-24 05:00 PM	80.75 x	14.24 16.45 x 9.84 x	2.31 x	27.28 x

Total No. of Applications: 42,09,552 (Approx)

Retail Subscription on the basis of Applications: Retail:2.06x BHNI:3.47x SHNI:9.95x times

Vishal Mega Mart Valuations

EPS Pre IPO

₹1.02/-

EPS Post IPO

₹1.13/-

P/E Pre IPO

76.13

P/E Post IPO

69.19

RoNW

Vishal Mega Mart Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	8,506.08	8,288.91	8,217.98
Revenue	8,945.13	7,618.89	5,653.85
Profit After Tax	461.94	321.27	202.77

About The Company

Vishal Mega Mart, one of the Indian hypermarket chains with a huge focus on fashion, has been revolutionizing retailing in India since its inception in the year 2001. Fashion that's stylish yet not priced in the sky has created an exciting opportunity for serving an all-inclusive target market within Women's, Men's, and Kids'. The brand extends its value proposition from the Clothing division to Home and Kitchen appliances and travel gear. A very strong Food and Groceries section with a good range of all essential FMCG products, including personal care and household items.

As of December 31, 2023, Vishal Mega Mart has a strong franchise network of 589 stores in over 350 cities covering more than 10.6 million square feet of retail space. The footprint therefore ensures access for millions of shoppers to everyday needs and lifestyle upgrades.

Strategic Growth and Ownership:
The acquisition of a majority stake by Switzerland's Partners Group and India's Kedaara Capital in 2018 was the transformative journey that helped Vishal Mega Mart become the growth engine and the efficiency machine that it is today.

Vishal Mega Mart - Strength and Weakness

Strength

Serving middle-income groups with affordable product portfolios.

Extensive network of 645 stores across India.

Technology-driven, efficient, and cost-effective operations management.

Trust built through affordability, variety, and quality products.

Weakness

Adapting to shifting consumer preferences is a challenge.

Revenue concentrated in a few states poses geographic risks.

Reliance on third-party vendors for consistent production.

Vishal Mega Mart - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Vishal Mega Mart	5.94	67.5	8.18%	9,763
Avenue Supermarts	12.3	92.2	14.5%	54,813
Trent Limited	53.2	183	27.2%	15,025

Vishal Mega Mart - Promoter(s)

Pre Issue Share Holding: 96.46%

Post Issue Share Holding: 76.02%

Company Promoter(s)

Samayat Services LLP
Kedaara Capital Fund II LLP

Vishal Mega Mart IPO - Issue Objectives

The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.

Vishal Mega Mart IPO - Anchor Investors

Institutional investors pick Rs 2,400 crore worth shares via anchor book.

Marquee global institutional investors participated in the anchor book included Government of Singapore, Monetary Authority of Singapore, JP Morgan, Custody Bank of Japan, Nomura, Blackrock, Government Pension Fund Global, Schroder International Selection Fund, HSBC Global, TIMF Holdings, CLSA Global, and Prudential Hong Kong.

Domestic institutional investors like SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra AMC, Nippon Life India, Axis Mutual Fund, Aditya Birla Sun Life Trustee, Franklin, Mirae Asset, HDFC Life Insurance, SBI Life Insurance, Canara Robeco MF, Invesco, Tata MF, Max Life Insurance, Bajaj Holdings, UTI MF, Bajaj Allianz General Insurance, Baroda BNP Paribas MF, and Kotak Mahindra Life Insurance also received shares in the anchor list.

Other Details

Company Contact Details

Vishal Mega Mart

Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016

Phone: +91 124 - 4980000

Email: secretarial@vishalwholesale.co.in

Website: https://www.aboutvishal.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: vmm.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Vishal Mega Mart IPO - FAQs

Ans. Vishal Mega Mart Limited IPO is a Mainboard IPO. The issue is priced at ₹74-78 per equity share. The minimum order quantity is 190 Shares. The IPO opens on Dec 11, 2024, and closes on Dec 13, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Vishal Mega Mart Limited IPO opens on Dec 11, 2024 and closes on Dec 13, 2024.

Ans. The size of Vishal Mega Mart Limited IPO is OFS : 1,025,641,025 shares of ₹2(aggregating up to ₹8,000 Crores).

Ans. The IPO price band is set between ₹74-78 per equity share.

Ans. To apply for Vishal Mega Mart Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Vishal Mega Mart Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Vishal Mega Mart Limited IPO is Dec 16, 2024.

Ans. The Vishal Mega Mart Limited IPO will be listed on Dec 18, 2024.

Ans. Follow the steps to check the allotment status for Vishal Mega Mart Limited IPO here.