Vishal Mega Mart IPO: Vishal Mega Mart’s highly anticipated IPO is set to launch on December 11, 2024, allowing the public to subscribe to its shares until December 13, 2024. Meanwhile, this Rs 8,000 crore public offering consists of a complete offer for sale (OFS) of 1,025,641,025 shares, providing investors with a significant opportunity to invest.

The Vishal Mega Mart IPO will be priced between Rs 74 and Rs 78 per share. Furthermore, the IPO’s lot size is set at 190 shares, meaning that investors can place bids for a minimum of 190 shares or in multiples of 190 shares. To participate in the Vishal Mega Mart IPO, retail investors will need to invest a minimum of Rs 14,820 to purchase one lot, which consists of 190 shares. Additionally, for retail investors looking to invest up to Rs 2,00,000, they can apply for a maximum of 13 lots, totalling 2,470 shares.

The basis of allotment for Vishal Mega Mart IPO shares is expected to be finalized on Monday, December 16, 2024. Once the allotment is finalized, shares will be credited to investors’ demat accounts by Tuesday, December 17, 2024.

The shares of the company may be listed on the BSE and NSE on Wednesday, December 18, 2024.

Vishal Mega Mart IPO: GMP

Ahead of its highly anticipated IPO, Vishal Mega Mart’s unlisted shares were trading at a significant premium in the grey market, indicating robust investor interest. According to media reports, the Company’s shares were changing hands at Rs 103 each, indicating a substantial grey market premium (GMP) of Rs 25 or 32.05% over the IPO’s upper price band of Rs 78.

A Golden Investment Opportunity?

Choice – Brokerage firm Choice has given the “Subscribe for the long-term” remark for the IPO.

AUM Capital – Analysts at AUM Capital have also recommended “Subscribe for the long-term” for the IPO.

Master Capital Services – This Brokerage firm also has given the “Subscribe for the long-term” remark for the IPO.

Bajaj Broking – Analysts at Bajaj Broking have also recommended subscribing to this IPO for the long-term. 

Swastika Investmart – Swastika Investmart says that this IPO is “suitable for high-risk investors”.

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