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The much awaited Vishal Mega Mart IPO is all set to open for subscription tomorrow, December 11, 2024, marking a significant milestone for the retail sector. The IPO, valued at ₹ 8,000 crore and is expected to attract a wide range of investors from retail to institutional.
Key Details of IPO
IPO Dates: December 11, 2024 to December 13, 2024
Price Band: ₹74 to ₹78 per share
Lot Size: 190 shares
Total Issue Size: 1025641025 shares
Listing: BSE and NSE on December 18, 2024
The IPO is an Offer For Sale (OFS) of 102.56 crore shares in its entirety, its mean the proceeds will go to the selling shareholders and not to the company itself.
Why Vishal Mega Mart ?
Vishal Mega Mart has established itself as a one stop destination for middle and lower-middle income consumers across India, with 645 stores across the country. The company offers a curated range of apparel, general merchandise and FMCG products. Most of its revenue comes from its own brands which account for 70% of sales.
Investment Prospects
Analysts are bullish on the IPO citing the company's strong market presence and growth potential. The Grey Market Premium (GMP) suggests a positive listing with an estimated listing price of ₹103 per share, indicating a potential gain of 32.05%.
How to Participate
Retail investors can bid for 190 shares with a minimum investment amount of ₹14,820. The maximum investment for retail investors is limited to 13 lots, or 2,470 shares, totaling ₹192,6601.
The Vishal Mega Mart IPO presents an exciting opportunity for investors looking to tap into India's growing retail sector with its extensive network and strong brand presence. Vishal Mega Mart is well positioned for future growth. Investors are advised to consider their financial goals and consult their advisors before making any investment decisions.
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