Vishal Mega Mart Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 74 to ₹ 78 per share |
| Lot Size | 190 Shares |
| Total Issue Size | 1,02,56,41,025 shares (aggregating up to ₹ 8,000 Cr) |
| Fresh Issue | 1,02,56,41,025 shares (aggregating up to ₹ 8,000 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 4,50,87,19,493 |
| Shareholding post issue | 4,50,87,19,493 |
About Vishal Mega Mart Limited IPO
Incorporated in 2001, Vishal Mega Mart is a prominent hypermarket chain in India, renowned for selling a diverse array of products including apparel, groceries, electronics, and home essentials. The company caters to the everyday needs of consumers by offering both their own brands and third-party brands. Vishal Mega Mart provides an extensive range of products across various categories such as apparel, general merchandise, and fast-moving consumer goods (FMCG). Their offerings include clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples, ensuring there is something for everyone.
The company primarily targets middle and lower-middle-income individuals, operating through a comprehensive Pan India network. As of September 30, 2024, there are 645 Vishal Mega Mart stores, complemented by their mobile app and website, reaching customers across 414 cities in 28 states and two union territories. Emphasizing an asset-light business model, Vishal Mega Mart leases all its distribution centers and stores, while products are manufactured or sourced from third-party vendors.
A significant aspect of their service is the direct local delivery system, which is managed by Vishal Mega Mart’s employees. As of September 30, 2024, this service boasts 6.77 million registered users and operates in 600 stores across 391 cities in India. This robust network and efficient service have earned the company a ranking as one of the top two offline-first diversified retailers in India. With 16,537 employees as of September 30, 2024, Vishal Mega Mart continues to thrive.
Their portfolio of brands includes Apparel: Classics, Fashion, Denim, Ethnic; General Merchandise: Tandem Home Appliances, Home Select, Home Finery; and FMCG: Savory Products, Staples, Home Care. Vishal Mega Mart's commitment to quality and value ensures its ongoing success in the competitive retail market.
Vishal Mega Mart Limited IPO Overview:
- Issue Type: Offer for Sale (OFS)
- IPO Size: ₹8,000.00 crores (102.56 crore shares)
- Subscription Dates: Opens on December 11, 2024 and closes on December 13, 2024
- Shares Offered: 65.79 lakh shares
- Price Per Share: ₹74 to ₹78 per share
- Minimum Lot Size: 190 shares per application
- Book Running Lead Managers: Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited and Morgan Stanley India Company Pvt Ltd.
- Registrar: Kfin Technologies Limited
Vishal Mega Mart IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Vishal Mega Mart IPO Objectives:
- The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.
Vishal Mega Mart Limited IPO Financial Information
Latest Revenue
5,053.42
₹ Crore
Profit After Tax
254.14
₹ Crore
Net Worth
5,923.74
₹ Crore
Total Borrowing
133.5
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 9,551.75 | 5,053.42 | 254.14 | 5,923.74 | — | ||||
| 31 Mar 2024 | 8,506.08 | 8,945.13 | 461.94 | 5,646.59 | — | ||||
| 31 Mar 2023 | 8,288.91 | 7,618.89 | 321.27 | 5,180.84 | 133.5 | ||||
| 31 Mar 2022 | 8,217.98 | 5,653.85 | 202.77 | 4,849.93 | 497.41 | ||||
| Amount in ₹ Crore | |||||||||
Vishal Mega Mart Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 68.76 |
| RoNW | 8.18 |
| P/BV | 6.23 |
| PAT Margin (%) | 5.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | - | 1.13 |
| P/E (x) | 76.13 | 69.19 |
Frequently Asked Questions
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Competitive Strengths
Serving a Large and Growing Section of the Indian Population.
Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base.
Diverse and Growing Portfolio of their Brands across Product Categories.
Pan-India Presence with a Track Record of Successful Store Growth.
Technology Enabled and Systems Driven Operations.
Professional and Experienced Management Team.
Track Record of Delivering Revenue, Profit Growth and Capital Efficiency.
Download regulatory filings
Vishal Mega Mart Limited IPO Timeline
| IPO Open Date | Wednesday, December 11, 2024 |
| IPO Close Date | Friday, December 13, 2024 |
| Basis of Allotment | Monday, December 16, 2024 |
| Initiation of Refunds | Initiation of Refunds |
| Credit of Shares to Demat | Tuesday, December 17, 2024 |
| Listing Date | Wednesday, December 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 190 | ₹14,820 |
| Retail (Max) | 13 | 2470 | ₹192,660 |
| S-HNI (Min) | 14 | 2,660 | ₹207,480 |
| S-HNI (Max) | 67 | 12,730 | ₹992,940 |
| B-HNI (Min) | 68 | 12,920 | ₹1,007,760 |