The much-anticipated Vishal Mega Mart IPO allotment is set to be finalized today, Monday, December 16, 2024. After receiving an overwhelming response during the subscription period, all eyes are now on the allotment process as investors eagerly await their share status. Let’s delve into the complete details of the IPO, how to check allotment status, and the important milestones ahead.
Vishal Mega Mart IPO: Overview and Key Highlights
The Vishal Mega Mart IPO garnered immense interest from institutional and retail investors alike, solidifying its position as one of the most awaited IPOs of the year. Here’s a quick overview:
| Particulars | Details |
|---|---|
| IPO Subscription Dates | December 11 to December 13, 2024 |
| IPO Price Band | ₹74 – ₹78 per share |
| Total IPO Size | ₹8,000 crore (Offer for Sale) |
| Anchor Investors Amount | ₹2,400 crore |
| Subscription Overall | 27.28 times |
| QIB Subscription | 80.75 times |
| NII Subscription | 14.24 times |
| Retail Subscription | 2.31 times |
| Allotment Finalisation Date | December 16, 2024 |
| Refund Initiation Date | December 17, 2024 |
| Listing Date | December 18, 2024 |
| Stock Exchange Listing | BSE and NSE |
The robust subscription numbers, particularly led by Qualified Institutional Buyers (QIBs), highlight investor confidence in Vishal Mega Mart’s growth prospects.
Steps to Check Vishal Mega Mart IPO Allotment Status
Investors can easily check their IPO allotment status online using two primary platforms: BSE and KFin Technologies (the IPO registrar). Follow the step-by-step guides below to view your allotment status:
1. How to Check Allotment Status on BSE Website
- Visit the official BSE IPO Allotment page at https://www.bseindia.com.
- Under the ‘Issue Type’ section, select ‘Equity.’
- From the dropdown list, choose ‘Vishal Mega Mart.’
- Enter your Application Number or PAN (Permanent Account Number).
- Verify the captcha and click on ‘Search.’
- The screen will display your IPO allotment status.
2. How to Check Allotment Status on KFin Technologies Website
- Visit the KFin Technologies IPO page at https://ris.kfintech.com.
- Select ‘Vishal Mega Mart’ from the list of IPOs.
- Enter your details, such as PAN, Application Number, or DP/Client ID.
- Click on ‘Submit.’
- Your allotment status will be displayed.
Note: If shares are allotted to you, they will be credited to your demat account. For unsuccessful bids, the refund process will begin on December 17, 2024.
Vishal Mega Mart IPO: Subscription Details
The Vishal Mega Mart IPO saw an overwhelming response across investor categories:
- Qualified Institutional Buyers (QIBs) led the way with a staggering 80.75 times subscription.
- The Non-Institutional Investors (NII) segment was subscribed 14.24 times.
- The Retail Individual Investors (RII) portion, though modest compared to others, stood at 2.31 times.
This strong demand highlights the growing investor confidence in the supermarket chain’s robust business model and growth trajectory.
About Vishal Mega Mart: A Growing Retail Giant
Established in 2001, Vishal Mega Mart has emerged as one of India’s leading value retail chains, catering to middle- and lower-middle-income groups. The company operates a vast network of 645 stores across 414 cities as of September 2024.
Highlights of Vishal Mega Mart
- Wide Product Range: Groceries, apparel, kitchen appliances, and home furnishings.
- Target Audience: Focus on affordability for middle-class households.
- Private Labels and Third-Party Brands: The retailer offers a mix of private-label products and branded items, ensuring variety and cost-effectiveness.
Vishal Mega Mart’s consistent focus on affordability, strong nationwide presence, and efficient operational model have been key drivers behind its success.
What to Expect Post-Allotment: Listing on December 18
Vishal Mega Mart’s shares are scheduled to debut on the BSE and NSE on December 18, 2024. Given the strong response to the IPO and market optimism, the listing is expected to reflect a positive sentiment. Investors will closely watch for any listing gains on the debut day.
Investor Takeaways
- Allotment Status: Finalised today (December 16). Check via BSE or KFin Tech platforms.
- Refunds for Unsuccessful Bids: To be initiated on December 17, 2024.
- Listing Date: Shares to list on December 18 on BSE and NSE.
- Strong Subscription: QIBs drove significant demand, indicating institutional confidence.
Conclusion: A Major Milestone for Vishal Mega Mart
The Vishal Mega Mart IPO marks a significant milestone in the company’s journey, reflecting its strong market presence and investor trust. With its expansive retail network, focus on affordability, and proven business model, Vishal Mega Mart is well-positioned for future growth.
For investors, the next few days will be crucial as the allotment finalization and listing unfold. Whether you are allotted shares or not, the success of this IPO sets a benchmark in India’s retail sector, reinforcing the growing appeal of value retailing.
Stay tuned for the share listing on December 18, 2024, and watch this space for further updates!
First Published: December 16, 2024 | 10:32 AM IST
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