The Vishal Mega Mart IPO is all set to open for public subscription on 11 December 2024. The company aims to raise Rs. 8000 Crore, an entire OFS and fixed a price band of Rs 74 – Rs. 78 per equity share.
The initial public offering is set to close on 13 December 2024. The allotment is said to be finalised on December 16, 2024. The IPO will be listed on the BSE and NSE with a listing date fixed as 18 December 18 2024, Wednesday.
The current market capitalisation of Vishal Mega Mart is Rs. 35,168 Crore. In the financial year 2024, the company’s revenue grew by 17.41% YoY; on the other hand, the Profit After Tax (PAT) went up by 43.78%.
Vishal Mega Mart IPO Details
| Description | Details |
| IPO Opening Date | 11 December 2024, Wednesday |
| IPO Closing Date | 13 December 2024, Friday |
| Basis of Allotment | 16 December 2024, Monday |
| Listing Date | 18 December 2024, Wednesday |
| Lot Size | 190 Shares |
| Price Band | Rs. 74 to Rs. 78 per share |
| Face Value | Rs. 10 per share |
| Listing Platform | BSE, NSE |
| Offer for Sale | Rs. 8,000.00 Crore |
About Vishal Mega Mart
Vishal Mega Mart was established in 2001. It is a hypermarket chain that has multiple stores across the country. The clothing division of the company offers fashion for men, women and kids. The food and clothing section offers PMCG products such as personal and household care items. Lastly, the general merchandise section offers home and kitchen applies and also travel-related products.
A major stake in the company was acquired in 2018 jointly by Kedaara Capital and Switzerland’s partners group. Currently, the company operates 645 franchised stores across 414 cities in 28 states and two union territories.
Strengths Of Vishal Mega Mart
- Over the years, they have built trust by offering affordability, variety, and quality products.
- It has a strong own-brand portfolio in multiple product categories.
- The leadership is quite experienced in deep retail and consumer expertise.
- They have affordable product portfolios, which mainly cater to middle-income groups.
Risks Of Vishal Mega Mart
- The company is heavily dependent on third-party vendors for their production needs.
- The operational stability of the company is disrupted in case of natural disasters and unrest.
- Since this is an offer for sale, the money raised through the IPO will go directly into the hands of the sellers and not the company to help it grow.
Vishal Mega Mart Financials
| Financial Metric | FY22 | FY23 | FY24 | 30 Sept. 2024 |
| Total Assets(Rs. Crore) | 8,217.98 | 8,288.91 | 8,506.08 | 9,551.75 |
| Revenue(Rs. Crore) | 5,653.85 | 7,618.89 | 8,945.13 | 5,053.42 |
| Profit After Tax(Rs. Crore) | 202.77 | 321.27 | 461.94 | 254.14 |
| Net Worth(Rs. Crore) | 4,849.93 | 5,180.84 | 5,646.59 | 5,923.74 |
| Reserves and Surplus(Rs. Crore) | 321.88 | 649.50 | 1,113.12 | 1,390.27 |
| Total Borrowing | 497.41 | 133.50 |
Vishal Mega Mart IPO Reservation
| Investor Category | Allocation |
| QIB Shares | Not more than 50% |
| Retail Shares | Not less than 35% |
| NII (HNI) Shares | Not less than 15% |
Should You Invest In Vishal Mega Mart IPO
The Vishal Mega Mart IPO is a great opportunity for people to invest in a company whose shares are commanding a GMP of 30% ahead of the share sale. If you take a peak at the financials of the company, you will understand how the company has shown steady growth over the years. Combining the current GMP and the steady growth of the company makes this a great share to invest in. However, you should take into consideration the various risks associated with the company.