The unlisted shares of Vishal Mega Mart Ltd are currently trading at Rs 97 per share on the gray market, 24.36% higher than the IPO issue price of Rs 78, indicating a good listing on December 18. .
Vishal Mega Mart IPO Allotment Date, Latest GMP: Allotment of Giant Mega Mart IPO Finalization will be done on Monday, December 16. Thereafter, the listing will take place on both BSE and NSE on Wednesday, December 18.
gave Initial public offering Vishal Mega Mart Ltd., which was available for subscription between December 11 and December 13, received a total of 28.75 times subscription. The retail category received an overall subscription of 2.43 times, and the NII (non-institutional investors) segment received a subscription of 15.01 times. Its QIB (Qualified Institutional Buyer) category is oversubscribed 85.11 times.
The price band of the IPO was fixed at Rs 74 to Rs 78 per piece.
Shares of Vishal Mega Mart Limited are scheduled to be listed on both BSE and NSE on Wednesday, December 18.
The allotment of the IPO will be finalized on Monday evening. After allotment, investors will receive a bank debit message. They can check the IPO allotment status on the websites of BSE and NSE as well as on the portal of registrar Kfin Technologies.
Vishal Mega Mart IPOGMP Today
According to market observers, the unlisted shares of Vishal Mega Mart Ltd are currently trading at Rs 97 per share in the gray market, which is Rs 19 or 24.36% higher than the IPO issue price of Rs 78. 18.
The 24.36 percent GMP is higher than the 20.51 percent gray market premium recorded on the first day of the IPO.
GMP is based on market sentiment and changes. The ‘grey market premium’ indicates the willingness of investors to pay more than the issue price.
Vishal Mega Mart IPO: How to Check Allotment Status Online?
After finalizing the IPO allotment on December 16, investors can check the allotment status online by following these steps:
1) Go to official website of BSE through URL —h.ttps://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Vishal Mega Mart Limited’ in the drop box.
4) Enter your Application Number, or Permanent Account Number (PAN).
5) Then, click on ‘I am not a robot’ to confirm yourself and press ‘Search’ option.
The status of your share request will be displayed on your screen.
You can also go directly to the portal of Kfin Technologies Ltd. https://iposatus.kfintech.com/ And Check Vishal Mega Mart IPO Allotment Status
Vishal Megamart IPO: More Details
The IPO of the Gurugram-based supermart major is entirely an offer for sale (OFS) of shares of Sumyat Services LLP, led by promoter Kedara Capital, with no fresh issue of equity shares. is
The IPO was priced at Rs 74-78 per share.
Vishal Megamart had raised Rs 2,400 crore from anchor investors a day before the IPO.
The giant megamart’s product range includes both in-house and third-party brands, covering three key categories – apparel, general merchandise, and fast-moving consumer goods.
As of 30 June 2024, it operates 626 giant mega-mart stores across India with a mobile app and website.
Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India, and Morgan Stanley India Company are the book running lead managers for the issue.