Vishal Mega Mart IPO Details
Vishal Mega Mart IPO Summary
Vishal Mega Mart IPO opens for subscription on 11 Dec 2024 and closes on 13 Dec 2024.The IPO will be listed on NSE, BSE with the tentative listing date set for 18 Dec 2024.
Vishal Mega Mart IPO price band has been fixed at ₹74 – ₹78 per share. The face value is ₹10 per share with a lot size of 190.
Vishal Mega Mart IPO total issue size comprises 1,02,56,41,026 shares (aggregating up to ₹8,000 Cr). Offer for Sale consists of 1,02,56,41,026 shares (aggregating up to ₹8,000 Cr). Pre-issue shareholding stands at 4,50,87,19,493, which will increase to 4,50,87,19,493 post-issue.
Vishal Mega Mart IPO carries a ₹22 (28.21%) GMP, reflecting investor sentiment.
Vishal Mega Mart IPO Lot Size :Retail Minimum is 1 lot (190 shares) amounting to ₹14,820. Retail Maximum is 13 lots (2,470 shares) amounting to ₹192,660. SHNI Minimum is 14 lots (2,660 shares) amounting to ₹207,480. SHNI Maximum is 67 lots (12,730 shares) amounting to ₹992,940. BHNI Minimum is 68 lots (12,920 shares) amounting to ₹1,007,760.
The Lead Managers for Vishal Mega Mart IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Morgan Stanley India Company Pvt Ltd, ICICI Securities Ltd, Kotak Mahindra Capital Company Ltd, JP Morgan India Pvt Ltd, Jefferies India Pvt Ltd, Intensive Fiscal Services Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Vishal Mega Mart Limited RHP.
Vishal Mega Mart IPO Details
Vishal Mega Mart IPO Subscription
Vishal Mega Mart IPO Application Wise Breakup (Approx)
Vishal Mega Mart IPO Dates
- 11 Dec 2024Opening dateOpen
- 13 Dec 2024Closing dateClose
- 16 Dec 2024Allotment Date Allotment
- 17 Dec 2024Initiation of RefundsRefund
- 17 Dec 2024Credit of SharesCredit
- 18 Dec 2024Listing dateListing
Vishal Mega Mart IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 190 | ₹14,820 |
| Retail Maximum | 13 | 2470 | ₹192,660 |
| SHNI Minimum | 14 | 2660 | ₹207,480 |
| SHNI Maximum | 67 | 12730 | ₹992,940 |
| BHNI Minimum | 68 | 12920 | ₹1,007,760 |
Vishal Mega Mart IPO Reservation
Promoter Holding
Documents
Vishal Mega Mart IPO Valuations
Vishal Mega Mart Financial Information
Vishal Mega Mart Limited's revenue increased by 17.41% and profit after tax (PAT) rose by 43.78% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 9,551.75 | 8,506.08 | 8,288.91 | 8,217.98 |
| Revenue | 5,053.42 | 8,945.13 | 7,618.89 | 5,653.85 |
| Profit After Tax | 254.14 | 461.94 | 321.27 | 202.77 |
| Net Worth | 5,923.74 | 5,646.59 | 5,180.84 | 4,849.93 |
| Reserves and Surplus | 5,032.51 | 8,911.95 | 7,586.04 | 5,588.52 |
| Total Borrowing | 133.50 | 497.41 | ||
| Amount in ₹ Crore | ||||
About Vishal Mega Mart IPO
Incorporated In 2018, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.
They own their brands and third-party brands to meet the everyday needs of consumers. Through a Pan India network of 645 Vishal Mega Mart stores (as of September 30, 2024) and through their Vishal Mega Mart mobile app and website. They target middle and lower-middle-income people.
As of September 30, 2024, They had 16,537 employees.
They diverse range of products:
- Apparel: They offer their brand offering fashion-forward t-shirts, shirts, denim, athletic wear, nightwear, innerwear, western, formal, and ethnic wear for men, women, children, and infants at affordable prices.
- Merchandise: This category includes their own and third-party brands offering home appliances, crockery, furnishings, toys, stationery, travel products, footwear, and more, focusing on innovation, quality, reliability, and affordability.
- Fast-moving consumer goods (FMCG): This category includes their brands and third-party brands offering packaged food, staples, and non-food products, including biscuits, snacks, oils, spices, diapers, and more, focusing on quality, variety, and affordability.
Their Strengths:
- Serving a Large and Growing Section of the Indian Population
- Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base
- Diverse and Growing Portfolio of their Brands across Product Categories
- Pan-India Presence with a Track Record of Successful Store Growth
- Technology Enabled and Systems Driven Operations
- Professional and Experienced Management Team
- Track Record of Delivering Revenue, Profit Growth and Capital Efficiency
Strength Of Vishal Mega Mart IPO
1. Serving a Large and Growing Section of the Indian Population.
2. Consumer-centric approach resulting in loyal consumer base.
3. Diverse and Growing Portfolio of Own Brands across Product Categories.
4. Pan-India Presence with a Track Record of Successful Store Growth.
5. Technology Enabled, Systems Driven Operations.
6. Professional and Experienced Management Team.
7. Track Record of Delivering Revenue, Profit Growth and Capital Efficiency.
Risk Of Vishal Mega Mart IPO
1. The company does not manufacture any of the products that are sold in its stores, and the company relies entirely on third party vendors for the manufacturing of all products under its own brands who are required to meet the company product specification, quality, design and manufacturing standards, which subjects it to risks, which, if materialized, could adversely affect its business, results of operations, cash flows and financial condition.
2. The Company has received two directives with requests for information from the Enforcement Directorate to furnish information and documents as part of its investigation and any possible penalties/action. Any adverse outcome in such matters may lead to future inquiries or escalate to investigations, legal proceedings or any possible penalties.
3. If the company fails to identify and effectively respond to changing consumer preferences in a timely manner, the demand for its products could decrease, causing the company's business, results of operations, financial condition and cash flows to be adversely affected.
4. If the company is unable to identify consumer demand accurately and maintain an optimal level of inventory, its business, results of operations, financial condition and cash flows may be adversely affected.
5. The company derives a significant portion of its revenues from sale of products from the company stores located in Uttar Pradesh, Karnataka and Assam, and any adverse developments in these states may have an adverse effect on its business, results of operations, financial condition and cash flows.
6. The success of its business depends substantially on the company's management team and other key personnel. Its inability to attract or retain such manpower or any loss of members of its Senior Management Personnel or Key Managerial Personnel could significantly delay or prevent the achievement of the company's business objectives, and could adversely affect its business and operations.
7. The company has experienced negative cash flows in the past. Its cannot assure you that the company net cash flows will be positive in the future.
8. There have been instances of delays in payment of statutory dues by the Company. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have an adverse impact on its financial condition and cash flows.
9. There are outstanding litigations pending against the Company, Subsidiaries, Directors and Promoters which, if determined adversely, could affect its business, results of operations, financial condition and cash flows.
10. As the company operate its stores, distribution centres, registered and corporate offices from premises that are taken by it on a leasehold basis, the company is exposed to the risks associated with leasing real estate and any adverse developments could affect its business, results of operations, financial condition and cash flows.
Objectives Vishal Mega Mart IPO
The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.
Company Contact Details
Vishal Mega Mart Limited
Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016 Haryana, India
Phone: +91 124 4980000
Email: secretarial@vishalwholesale.co.in
Website: https://www.aboutvishal.com/
Registrar Contact Details
Lead Mangers
- Morgan Stanley India Company Pvt Ltd(Past IPO Performance)
- ICICI Securities Ltd(Past IPO Performance)
- Kotak Mahindra Capital Company Ltd(Past IPO Performance)
- JP Morgan India Pvt Ltd(Past IPO Performance)
- Jefferies India Pvt Ltd(Past IPO Performance)
- Intensive Fiscal Services Pvt Ltd(Past IPO Performance)
- IPO Lead Manager Performance Summary
Vishal Mega Mart FAQs
The Vishal Mega Mart IPO is a MAINBOARD public issue comprising 1025641026 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹8,000 Cr. The issue price has been fixed at ₹78 per equity share, and the minimum application size is 190 shares.
The IPO opens for subscription on 11 Dec 2024, and closes on 13 Dec 2024.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹22 (28.21%).
Quick Links
Comments
