Vishal Mega Mart IPO
Vishal Mega Mart, a leading Indian retail chain, is gearing up for its Initial Public Offering (IPO) scheduled to open on December 11, 2024. Here’s an in-depth look at the company’s financial performance and key IPO details:
Financial Performance
Vishal Mega Mart has demonstrated robust financial growth in recent years:
- Revenue: The company’s revenue increased from ₹7,586.04 crore in the fiscal year ending March 31, 2023, to ₹8,911.95 crore in the fiscal year ending March 31, 2024, marking a 17.48% growth.
- Profit After Tax (PAT): PAT rose from ₹321.27 crore in FY23 to ₹461.94 crore in FY24, reflecting a 43.78% increase.
- Total Assets: The company’s assets grew from ₹8,288.91 crore in March 2023 to ₹8,506.08 crore in March 2024, a 2.62% rise.
- Debt Reduction: Vishal Mega Mart significantly reduced its borrowings from ₹133.50 crore in March 2023 to zero outstanding borrowings as of March 2024.
IPO Details
- Issue Size: The IPO is an Offer for Sale (OFS) by the promoter, Samayat Services LLP, amounting to ₹8,000 crore.
- Price Band: The price band for the IPO is set at ₹74 to ₹78 per share.
- Lot Size: Investors can bid for a minimum of 190 equity shares and in multiples thereof.
- Promoter Holding: Samayat Services LLP holds a 96.55% stake in the company, which will decrease proportionately post-IPO.
IPO Timeline
- Anchor Investors Allocation: December 10, 2024
- IPO Opening Date: December 11, 2024
- IPO Closing Date: December 13, 2024
- Basis of Allotment Finalization: December 16, 2024
- Initiation of Refunds: December 17, 2024
- Credit of Shares to Demat Accounts: December 17, 2024
- Listing Date: December 18, 2024
Anchor Investors
The allocation to anchor investors is scheduled for December 10, 2024. Specific details regarding the participating anchor investors have not been disclosed yet.
Grey Market Premium (GMP)
| Date | Grey Market Premium (₹) | Estimated Listing Price (₹) | Potential Listing Gain (%) |
|---|---|---|---|
| 2024-12-11 | ₹15 – ₹26 | ₹93 – ₹104 | 19.2% – 33.3% |
Notes:
- These values are derived based on the IPO upper price band of ₹78.
- The GMP is unofficial and subject to fluctuations based on market sentiment.
- Investors should perform their due diligence and consult financial advisors before making decisions.
Vishal Mega Mart’s consistent financial growth and extensive retail presence make its upcoming IPO a significant event in the Indian retail sector. Potential investors should carefully evaluate the company’s financials and market position, and consult with financial advisors before making investment decisions.