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Vishal Mega Mart’s unlisted shares are buying and selling within the gray market at Rs 97, reflecting a premium of Rs 19 or 24.36 per cent above the higher IPO value of Rs 78, signalling an honest itemizing achieve for traders.
Vishal Mega Mart IPO.
Vishal Mega Mart IPO Allotment Status, GMP: The IPO of Vishal Mega Mart Ltd is poised for key milestones, with the allotment finalisation set for Monday, December 16, and the itemizing on each the BSE and NSE scheduled for Wednesday, December 18. Here’s every thing you want to know in regards to the IPO.
The Vishal Mega Mart IPO, open for subscription from December 11 to December 13, garnered a complete subscription of 28.75 occasions. The breakdown of the subscription classes is as follows:
- Retail Investors: Subscribed 2.43 occasions.
- Non-Institutional Investors (NII): Subscribed 15.01 occasions.
- Qualified Institutional Buyers (QIB): Subscribed a formidable 85.11 occasions.
The IPO value band was set at Rs 74 to Rs 78 per share, drawing appreciable curiosity throughout all classes.
Vishal Mega Mart IPO GMP Today
As of right now, Vishal Mega Mart’s unlisted shares are buying and selling within the gray market at Rs 97, reflecting a premium of Rs 19 or 24.36 per cent above the higher IPO value of Rs 78. The GMP has proven regular development, growing from the 20.51 per cent recorded on the IPO’s outset. While gray market premiums are indicative of market sentiment, they will fluctuate and will not be assured predictors of itemizing efficiency.
Vishal Mega Mart IPO Allotment and Listing Dates
Investors eagerly awaiting their allotment can anticipate affirmation by the night of December 16. Successful candidates will obtain a debit message from their banks. Shares will debut on the BSE and NSE on December 18, marking an necessary step for the Gurugram-based supermart chain.
Vishal Mega Mart IPO: A Step-By-Step Guide To Check Allotment Status Online
To verify the allotment standing for Vishal Mega Mart IPO, observe these steps:
1. Visit the official BSE portal: (https://www.bseindia.com/investors/appli_check.aspx).
2. Select ‘Equity’ beneath ‘Issue Type’.
3. Choose ‘Vishal Mega Mart Ltd’ from the dropdown.
4. Enter your software quantity or PAN particulars.
5. Complete the CAPTCHA and click on ‘Search’.
Alternatively, allotment particulars can be accessed through Kfin Technologies’ portal: (https://ipostatus.kfintech.com/).
Vishal Mega Mart IPO: Structure and Key Details
Unlike many different IPOs, Vishal Mega Mart’s public problem is solely an offer-for-sale (OFS) by its promoter, Kedaara Capital-led Samayat Services LLP. The firm raised Rs 2,400 crore from anchor traders a day earlier than the IPO launch, reflecting robust institutional confidence.
Vishal Mega Mart is a number one identify in India’s retail section, providing a various vary of merchandise throughout three major classes: Apparel, General Merchandise, and Fast-Moving Consumer Goods (FMCG).
As of June 30, 2024, the corporate operates 626 shops nationwide, supplemented by its cellular app and e-commerce web site, guaranteeing a powerful omnichannel presence.
The IPO is managed by outstanding book-running lead managers, together with Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JPMorgan India, Morgan Stanley India.
Conclusion
The Vishal Mega Mart IPO has generated vital buzz with its sturdy subscription numbers and respectable GMP. As the allotment and itemizing dates method, traders are optimistic in regards to the firm’s potential within the retail market.
