Did you participate in the recent Vishal Mega Mart IPO? The Gurugram-based hypermarket chain’s public offering generated significant investor interest and closed with an impressive 27.28-times oversubscription. With the bidding window closing, investors eagerly await the allotment status.
To check your allotment status, we explain everything you need about the Vishal Mega Mart IPO, from subscription details to Grey Market Premium (GMP).
Strong Investor Response to Vishal Mega Mart IPO
The Gurugram-based Vishal Mega Mart opened its IPO for bidding from December 11 to December 13. It offered shares at a price band of ₹74-78 per share, with a minimum lot size of 190 shares. The IPO aimed to raise ₹8,000 crore entirely through an offer-for-sale (OFS) of up to 1,02,56,41,025 equity shares.
The subscription details reveal the immense interest among various categories of investors:
| Qualified institutional buyers (QIBs) | Subscribed 80.75 times |
| Non-institutional investors (NIIs) | Subscribed 14.24 times |
| Retail investors | Subscribed 2.31 times |
The IPO received bids for 20,64,25,17,700 equity shares against the 75,67,56,757 shares on offer, garnering bids worth ₹1.60 lakh crore. Of this, QIBs alone accounted for ₹1.36 lakh crore worth of bids, underscoring the strong demand from institutional investors. Source: Mint
Key Dates and Allotment Process
The allotment status of Vishal Mega Mart IPO is expected to be finalized soon. Under the ‘T+3’ listing rule, the IPO must be listed within three days of the subscription closure, making this a highly anticipated event for investors.
What Happens Post-Allotment?
Once the allotment is finalized:
- Shares will be credited to the demat accounts of successful bidders.
- Refunds for unsuccessful applications will be initiated on the same day.
Financial Strength and Business Overview
Founded in 2001, Vishal Mega Mart operates as a prominent hypermarket chain in India, offering a diverse range of products under its General Merchandise and Food and Groceries sections. Key highlights of the business:
- Retail Presence: Operates 645 franchised stores in 414 cities with over 11 million square feet of retail space.
- Ownership: Acquired by Switzerland’s Partners Group and India’s Kedaara Capital in 2018.
- Product Categories: The General Merchandise section includes home and kitchen appliances alongside travel products, while the Food and Groceries section features FMCG items such as personal and household care essentials.
- Financial Performance:
- Revenue grew by 17.41% between FY23 and FY24, reflecting strong operational efficiency and market demand.
- Profit after tax (PAT) surged by 43.78% during the same period, underscoring the company’s ability to enhance profitability.
- Market Capitalization: Stands at ₹35,168.01 crore, highlighting its strong market positioning.
Vishal Mega Mart IPO GMP Details
Vishal Mega Mart shares show a bullish trend in the unlisted market, supported by a decent grey market premium (GMP). According to stock market observers, today’s Vishal Mega Mart IPO GMP is ₹19 per share. This indicates that Vishal Mega Mart shares are trading ₹19 higher in the grey market compared to their issue price.
Based on the current GMP of ₹19, the estimated listing price of the shares is₹97 per share. This represents a premium of 24.36% over the IPO price of ₹78 per share. The positive GMP suggests strong investor sentiment and expectations of robust performance upon listing. Source: Mint
How to Check Vishal Mega Mart IPO Allotment Status
If you’ve applied for the IPO, here’s how you can check your allotment status:
Option 1: Through the BSE Website
- Visit BSE IPO Allotment Status.
- Under ‘Issue Type,’ select Equity.
- Under ‘Issue Name,’ choose Vishal Mega Mart Limited from the dropdown menu.
- Enter your application number and PAN ID.
- Verify using the ‘I am not a Robot’ captcha.
- Click Search to view your allotment status.
Option 2: Through the KFin Technologies Portal
- Visit the KFinTech IPO Status Portal.
- Select the IPO name (only available if the allotment is finalized).
- Choose your preferred mode for verification: Application Number, Demat Account Number, or PAN ID.
- Specify your application type (ASBA or non-ASBA).
- Fill in the necessary details and captcha.
- Submit the form to view your allotment status.
Registrar and Lead Managers
KFin Technologies Limited, the official registrar, is handling the IPO process. KFinTech is responsible for processing applications, managing refunds, and resolving investor queries. The lead managers for the IPO include:
- Kotak Mahindra Capital Company
- ICICI Securities
- Intensive Fiscal Services
- Jefferies India
- JP Morgan India
- Morgan Stanley India
Conclusion
The Vishal Mega Mart IPO has drawn significant participation from all categories of investors, with high subscription levels among QIBs, NIIs, and retail investors. This indicates broad-based interest in the company and its growth potential. As the next key step, investors who have applied for shares are advised to check their allotment status through the BSE or KFinTech portals.
With its established presence in the Indian retail market, consistent financial growth, and buoyant grey market sentiment, market participants are closely watching the IPO’s listing. Whether you’re a retail investor or an institutional player, keeping track of the allotment and understanding the steps to verify your status is crucial. Stay updated to ensure you don’t miss out on any key developments.
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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
