Last Updated:
Unlisted shares of Vishal Mega Mart Ltd are at the moment buying and selling at Rs 97 per share within the gray market, which is 24.36 per cent greater than the IPO challenge worth of Rs 78, indicating an honest itemizing on December 18.
Vishal Mega Mart IPO.
Vishal Mega Mart IPO Allotment Date, Latest GMP: The allotment of the Vishal Mega Mart IPO will probably be finalised on Monday, December 16. Following this, the itemizing will happen on each BSE and NSE on Wednesday, December 18. The newest GMP at the moment stands at 24.36 per cent, signalling an honest itemizing.
The initial public offering of Vishal Mega Mart Ltd, which was accessible for subscription between December 11 and December 13, acquired an general subscription of 28.75 instances. The retail class acquired a 2.43 instances subscription in complete, and the NII (non-institutional traders) portion received a 15.01 instances subscription. Its QIB (certified institutional purchaser) class has been subscribed by 85.11 instances.
The worth band of the IPO was fastened at Rs 74 to Rs 78 apiece.
The shares of Vishal Mega Mart Ltd are scheduled to be listed on each BSE and NSE on December 18, Wednesday.
The IPO allotment will probably be finalised on the Monday night. Once allotted, traders will obtain a financial institution debit message. They also can test the IPO allotment standing on the web sites of BSE and NSE, in addition to on registrar Kfin Technologies’ portal.
Vishal Mega Mart IPO GMP Today
According to market observers, unlisted shares of Vishal Mega Mart Ltd are at the moment buying and selling at Rs 97 per share within the gray market, which is Rs 19 or 24.36 per cent greater than the IPO challenge worth of Rs 78. It signifies an honest itemizing on December 18.
The 24.36 per cent GMP is greater than the 20.51 per cent gray market premium recorded on the primary day of the IPO.
The GMP is predicated on market sentiments and retains altering. ‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
Vishal Mega Mart IPO: How To Check Allotment Status Online?
Once the IPO allotment is finalised on December 16, traders can test the allotment standing on-line by following these steps:
1) Go to the official BSE web site through the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, choose ‘Equity’.
3) Under ‘Issue Name’, choose ‘Vishal Mega Mart Ltd’ within the dropbox.
4) Enter your utility quantity, or the Permanent Account Number (PAN).
5) Then, click on on the ‘I’m not a robotic’ to confirm your self and hit ‘Search’ choice.
Your share utility standing will seem in your display.
You also can go to direct Kfin Technologies Ltd’s portal — https://ipostatus.kfintech.com/ and test the Vishal Mega Mart IPO allotment standing.
Vishal Mega Mart IPO: More Details
The IPO of the Gurugram-based supermart main is solely an offer-for-sale (OFS) of shares by promoter Kedaara Capital-led Samayat Services LLP, Samayat Services LLP, with no contemporary challenge of fairness shares.
The IPO’s worth ranged at Rs 74-78 apiece.
Vishal Mega Mart collected Rs 2,400 crore from anchor traders, a day earlier than the IPO.
Vishal Mega Mart’s product vary consists of each in-house and third-party manufacturers, masking three key classes — attire, basic merchandise, and fast-moving shopper items.
As of June 30, 2024, it operates 626 Vishal Mega Mart shops throughout India, together with a cell app and web site.
Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J P Morgan India, and Morgan Stanley India Company are the book-running lead managers for the problem.
