By upnifty 
Vishal Mega Mart IPO Details
Vishal Mega Mart IPO Date
The launch date for Vishal Mega Mart IPO, as per the company filing with SEBI, is December 11, 2024. The closing date for the issue is December 13, 2024. The allotment status for the IPO is expected to be finalised on December 16, 2024.
Investors who have been allotted shares can expect them to be credited to their demat account on December 17, 2024. The shares will be listed on the NSE and the BSE on December 18, 2024.
Vishal Mega Mart IPO Price Band
The IPO is a book-built issue of ₹ 8,000 crore and is entirely an offer-for-sale (OFS) of 102.56 crore shares. The Vishal Mega Mart IPO price band has been set between ₹74 and ₹78 per share. Interested investors can choose a price within this band to apply for the IPO.
The Vishal Mega Mart IPO listing price will be determined on December 18. The listing price is the price at which a company’s shares debut on the stock exchanges.
Vishal Mega Mart IPO Lot Size
The Vishal Mega Mart IPO details have been declared. The minimum lot size for an application is 190 shares, and the minimum investment required by retail investors is ₹14,820.
Vishal Mega Mart IPO Objective
The entire proceeds from the issue will be received by the promoter selling shareholder, after deducting the offer expenses and relevant taxes. The company will not receive any proceeds from the IPO. The objective of the offer is to achieve the benefits of listing shares on the bourses and carry out the offer-for-sale for the promoter-selling shareholders. The listing will also enhance the company’s visibility and brand image. Samayat Services LLP is the promoter-selling shareholder of the company.