Vishal Mega Mart Limited’s IPO has been concluded after a three-day bidding period. The investors are now anxiously waiting to find out if they’ve been allotted shares. The IPO saw a great response, with a subscription rate of 27.28 times on the third day. Here’s a breakdown of the subscription numbers:
- Qualified Institutional Buyers (QIBs) were the front-runners, with a massive 80.75 times subscription.
- Non-Institutional Investors (NIIs) came up with a subscription rate of 14.25 times.
- Retail investors showed genuine interest, with a 2.31 times subscription of their allotted quota.
Vishal Mega Mart Limited’s IPO began on Wednesday, December 11, 2024, and concluded on December 13, 2024. The company aims to raise Rs 8,000 crores through this issue. Furthermore, investors were required to purchase a minimum of 190 shares. The company was offering 1,025,641,025 shares for sale, with a price range of Rs 74 to Rs 78 apiece.
Vishal Mega Mart IPO: GMP
The Grey Market Premium (GMP) for Vishal Mega Mart’s IPO currently stands at Rs 17. According to grey market expectations, the Vishal Mega Mart IPO is likely to list with a premium of approximately 22% against the issue price range of Rs 74 to Rs 78 per share.
How To Check Share Allotment Status Online In Minutes?
Registrar’s Website
- Go on to KfinTechnologies Ltd’s website: https://www.kfintech.com.
- Dive into the Products sections.
- Click on the ‘IPO allotment status’ option in the ‘Investors’ menu.
- Choose from the 5 options and click on any link.
- In the drop-down menu for IPO names, select Vishal Mega Mart.
- To see your details, enter your application number, Permanent Account Number (PAN), or Demat account number.
- Furthermore, enter the captcha code, and then click the “Submit” button.
BSE Website
- Go on to the BSE’s website: https://www.bseindia.com.
- Click on the “Public Issues” tab.
- Click on the “Check Status” option or visit the BSE IPO allotment status page directly at: https://www.bseindia.com/investors/appli_check.aspx.
- Select the equity.
- Select “Vishal Mega Mart” from issue names menu.
- Enter your Permanent Account Number (PAN) or application number.
- Click on the submit tab to see details.
Alternatively, investors can also check their share allotment status on the NSE website by providing their PAN and bank account details. They must first log in using their User ID and password to see the share allotment status.
(Note: The allotment details will be available only after the company completes the share allocation process.)
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