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The portion meant for retail investors in Vishal Mega Mart IPO was subscribed at 1.48 times, while the non-retail category saw a subscription of 6.68 times the shares on offer so far.
Qualified Institutional buyers, however, have submitted bids for only 13.13 crore shares, as against 21.62 crore shares allocated for them. The QIB portion of Vishal Mega Mart IPO has been subscribed 62% so far.
Vishal Mega Mart was subscribed 1.53x at the end of the second day.
Before the IPO opening, the company mobilised ₹2,400 crore from anchor investors.
Vishal Mega Mart IPO Grey Market Premium (GMP)
The latest grey market premium (GMP) for the Vishal Mega Mart IPO was ₹16 as of 11:40 AM on Friday. According to reports, the company’s shares are expected to debut on the stock market at ₹94 per share, reflecting a 20.5% premium over the upper issue price.
However, it is essential to note that the grey market premium is speculative and should not be considered an official predictor of the stock’s listing price.
Vishal Mega Mart IPO details
The Vishal Mega Mart IPO, a book-built offering, consists entirely of an offer for sale of 102.56 crore shares.
Retail investors can participate with a minimum bid of 190 shares per lot, requiring an investment of ₹14,820. The subscription window closes on December 13, and the company is expected to finalise the share allotment by December 16. Kfin Technologies Ltd is serving as the registrar for the issue.
Vishal Mega Mart shares are scheduled to debut on the BSE and NSE on December 18.
About Vishal Mega Mart
Founded in 2001, Vishal Mega Mart operates 645 stores across 414 cities in India (as of September 2024), targeting middle- and lower-middle-income groups. Its offerings include a mix of private labels and third-party brands across categories such as groceries, apparel, kitchen appliances, and home furnishings.
Although the IPO has attracted significant attention and is showing strong grey market premiums, investors are encouraged to thoroughly evaluate the company’s fundamentals, industry trends, and potential risks before making investment decisions.
