About Vishal Mega Mart IPO
Vishal Mega Mart’s IPO is a ₹8,000 crore book-built issue entirely comprising an offer for sale of 102.56 crore shares. The IPO is open for subscription from December 11, 2024 to December 13,2024, with allotment expected to be finalised on December 16, 2024. The shares are set to list on the BSE and NSE on December 18, 2024.
The price band for the issue is fixed at ₹74 to ₹78 per share. Retail investors can apply with a minimum lot size of 190 shares, requiring an investment of at least ₹14,820. Small Non-Institutional Investors (sNII) need to invest ₹2,07,480 for 14 lots (2,660 shares), while large Non-Institutional Investors (bNII) must apply for a minimum of 68 lots (12,920 shares) amounting to ₹10,07,760.
The issue is managed by Kotak Mahindra Capital, ICICI Securities, Jefferies, J.P. Morgan, Morgan Stanley, and others, with Kfin Technologies serving as registrar.
Industry Outlook
- The Indian tyre market, valued at $13.11 billion in FY2023, is projected to reach $25.50 billion by FY2031, growing at an 8.71% CAGR.
- Over 16,000 luxury vehicles were sold in India in H1 2022, marking a 55% increase from 2021, boosting demand for premium tyres.
Vishal Mega Mart IPO Objectives
The company will not receive any proceeds from the sale. All proceeds after deducting offer-related expenses and taxes, will go to the promoter selling shareholder.
About Vishal Mega Mart Limited
Vishal Mega Mart, established in 2001, is a prominent hypermarket chain in India, catering to middle and lower-middle-income customers. The company offers a wide range of products, including apparel, groceries, electronics, and home essentials. As of September 30, 2024, it operates 645 stores across 414 cities in 28 states and two union territories. In addition to its physical stores, Vishal Mega Mart serves customers through its mobile app and website, enhancing accessibility and convenience.
The company follows an asset-light business model, leasing all its stores and distribution centres. Products are manufactured by third-party vendors or sourced from established third-party brands, ensuring quality and variety. Vishal Mega Mart is ranked among India’s top two offline-first diversified retailers, demonstrating its market strength and widespread reach.
Vishal Mega Mart’s portfolio includes its own brands across various categories. In apparel, it features Classics, Fashion, Denim, and Ethnic lines. In general merchandise, it offers Tandem Home Appliances, Home Select, and Home Finery. Its FMCG offerings include Savoury Products, Staples, and Home Care, catering to diverse consumer needs.
The company has a robust local delivery service with 6.77 million registered users as of September 30, 2024, available in 600 stores across 391 cities. It employs 16,537 staff members, underscoring its significant contribution to employment and economic growth.
How To Check the Allotment Status of the Vishal Mega Mart IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Vishal Mega Mart IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the ‘IPO’ section on the platform.
- Select IPO: Find and select the Vishal Mega Mart IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Vishal Mega Mart IPO
Registered office: Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016 Haryana, India
Phone: +91 124 – 4980000
E-mail: secretarial@vishalwholesale.co.in
Vishal Mega Mart IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares Offered |
Not more than 50% of the Net offer |
|
Retail Shares Offered |
Not less than 35% of the Net Issue |
|
NII (HNI) Shares Offered |
Not less than 15% of the Net Issue |
Vishal Mega Mart IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
190 |
₹14,820 |
|
Retail (Max) |
13 |
2470 |
₹192,660 |
|
S-HNI (Min) |
14 |
2,660 |
₹207,480 |
|
S-HNI (Max) |
67 |
12,730 |
₹992,940 |
|
B-HNI (Min) |
68 |
12,920 |
₹1,007,760 |
Vishal Mega Mart IPO Promoter Holding
The promoters of the company are Samayat Services LLP and Kedaara Capital Fund II LLP.
|
Share Holding Pre-Issue |
96.46% |
|
Share Holding Post Issue |
Key Performance Indicators for Vishal Mega Mart IPO
As of September 30, 2024, the market capitalisation of Vishal Mega Mart stands at ₹35,168.01 crore. Here are the KPIs of Vishal Mega Mart as of September 30, 2024.
|
KPI |
Value |
|
ROCE (%) |
68.76% |
|
RoNW (%) |
8.18% |
|
P/BV |
6.23 |
|
PAT Margin (%) |
5.18% |
Vishal Mega Mart IPO Prospectus
Vishal Mega Mart IPO Registrar and Lead Managers
Vishal Mega Mart IPO Lead Managers
- 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
Registrar for Vishal Mega Mart IPO
Kfin Technologies Limited
- Contact Number: 04067162222, 04079611000
- Email Address: vmm.ipo@kfintech.com
Website: Vishal Mega Mart IPO Registrar
Dec 11, 2024
₹74 – ₹78
₹14,820 / 1 Lot (190 Shares)
₹8,000.00 cr
Dec 16, 2024
Dec 17, 2024
Dec 17, 2024
Dec 18, 2024
Dec 13, 2024