Vishal Mega Mart, a well-known supermarket chain, is poised to finalize the allocation of its initial public offering (IPO) on Monday, December 16.
The company’s shares are expected to be listed on the BSE and NSE on December 18. The IPO, which was open for subscription from December 11 to 13, garnered a robust response, achieving a total subscription rate of 27.28 times.
The price band for the offering was set between ₹74 and ₹78 per share. The demand was notably led by Qualified Institutional Buyers (QIBs), who subscribed 80.75 times the shares allocated to them. For non-institutional investors (NIIs), the portion was subscribed 14.24 times, while the retail investor segment saw a subscription rate of just 2.31 times.
To check the allotment status of the Vishal Mega Mart IPO, investors can visit the BSE website or KFin Technologies, the IPO registrar.
Instructions for checking allotment status via the BSE website:
1. Navigate to the BSE IPO allotment page.
2. Select “Equity” as the issue type.
3. Choose “Vishal Mega Mart” from the list.
4. Enter your application number or PAN.
5. Click ‘Search’ to see your allotment status.
Instructions for checking allotment status on KFin Technologies’ website:
1. Go to the KFin Technologies IPO page.
2. Select “Vishal Mega Mart” from the dropdown.
3. Enter your PAN, application number, or DP/Client ID.
4. Click ‘Submit’ to view your status. Successful applicants will have their shares credited to their demat accounts, while refunds for unsuccessful bids will be processed on December 17.
Highlights of the Vishal Mega Mart IPO:
Before the IPO was opened to the public, Vishal Mega Mart secured ₹2,400 crore from anchor investors.
The overall ₹8,000 crore IPO was completely an Offer for Sale (OFS) of equity shares.
About Vishal Mega Mart:
Founded in 2001, Vishal Mega Mart operates 645 stores in 414 cities throughout India as of September 2024. Based in Gurugram, the retailer primarily serves middle- and lower-middle-income groups, offering a diverse range of private-label products alongside third-party brands across categories such as groceries, apparel, kitchen appliances, and home furnishings.
