Vishal Mega Mart Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹74 - ₹78
- Lot size
- 190 shares
- Issue amount
- ₹8,000 cr
- Total subscription
- 28.77×
- Opens
- 11 Dec 2024
- Closes
- 13 Dec 2024
- Allotment
- 16 Dec 2024
- Listing
- 18 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 1,02,56,41,025 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,060
- Fresh issue
- ₹8,000 cr
- Offer for sale
- ₹8,000 cr
- Registrar
- M. Murali Krishna
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,820
- Issue type
- Bookbuilding IPO
- Shares before issue
- 4,50,87,19,493
- Shares after issue
- 4,50,87,19,493
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 190 | ₹14,820 |
| sHNI | 14 | 2,660 | ₹2,07,480 |
| bHNI | 68 | 12,920 | ₹10,07,760 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 18,89,339 | 45,99,824 |
| HNIs(10L +) | 38,558 | 6,68,527 |
| HNIs (2-10L) | 19,279 | 1,99,891 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1,600 | 1,36,176.76 |
| RETAIL | 2,800 | 6,816.94 |
| NIB | 1,200 | 18,017.94 |
| HNIs 2+ | 400 | 4,147.34 |
| HNIs 10+ | 800 | 13,870.6 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0.55 | 1.01 | 0.7 |
| ROE | 0 | 0 | 0 |
| ROCE | 29.77 | 68.76 | 75.8 |
| RONW | 4.29 | 8.18 | 6.2 |
| Pre IPO | 0 | 76.13 | 0 |
| Post IPO | 0 | 69.19 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2001, Vishal Mega Mart is a leading hypermarket chain offering a wide range of products including apparel, groceries, electronics, and home essentials, primarily serving middle and lower-middle-income consumers. As of September 30, 2024, the company operates 645 stores across 414 cities in 28 states and two union territories, following an asset-light model by leasing its stores and distribution centers while sourcing goods from third-party vendors and brands. Vishal Mega Mart strengthens accessibility through its mobile app, website, and direct local delivery service, which has 6.77 million registered users across 600 stores in 391 cities. Ranked among India’s top two offline-first diversified retailers, the company employs 16,537 people and offers an extensive portfolio of in-house brands across apparel, general merchandise, and FMCG categories.
Strengths
- Broad Consumer Reach: Serves a large and growing Indian consumer base with a diversified portfolio, ensuring quality and price leadership across categories.
- Strong Consumer Loyalty: Customer-focused approach emphasizing quality, affordability, variety, and convenience has fostered a loyal customer base.
- Robust Own Brand Portfolio: A wide range of private labels with strong market performance, including 19 brands crossing ₹1,000 million and six brands exceeding ₹5,000 million in sales in FY 2024.
Risk factors
- Third-Party Vendor Dependence: Reliance on external manufacturers for private label products may pose quality, design, and production risks.
- Regulatory & Legal Exposure: Ongoing investigations and potential penalties could adversely impact reputation and financial stability.
- Shifting Consumer Preferences: Inability to adapt to changing consumer demands may reduce product demand and affect performance.
Promoters
Samayat Services LLP
Kedaara Capital Fund II LLP
Registrar & documents
Lead manager
ICICI Securities Limited, Intensive Fiscal Services Private Limited, J.P. Morgan India Private Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company, Morgan Stanley India Company Private Limited
Registrar & contacts
M. Murali Krishna
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016
+91 124 - 4980000
[email protected]Company website ↗Understanding VMM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.