Vishal Mega Mart IPO: Vishal Mega Mart Limited’s initial public offering (IPO) made its debut in the Indian primary market on Wednesday, December 11, 2024. The IPO is a book-built issue of Rs 8,000 crores, comprising an offer for sale of 1,025,641,025 shares. The price band is set between Rs 74 to Rs 78 per share, with a minimum lot size of 190 shares.
The issue has garnered a subscription of 75% on the second day of bidding, indicating a strong investor response. Vishal Mega Mart’s unlisted shares were trading at a significant premium in the grey market, indicating robust investor interest. According to media reports, prior to the issue, Vishal Mega Mart’s grey market premium (GMP) stood at approximately Rs 20, representing a substantial 26% premium over the issue price.
To participate in the company’s IPO, retail investors must invest at least Rs 14,820 to buy a single lot, comprising 190 shares. Furthermore, retail investors wishing to invest up to Rs 2,00,000 can apply for a maximum of 13 lots, totaling 2,470 shares.
The registrar will finalize the company’s IPO share allotment on December 16, 2024. The registrar will credit the allotted shares to investors’ demat accounts by December 17, 2024.
Furthermore, the company’s share may make their market debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 18, 2024.
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Vishal Mega Mart IPO: Should You Subscribe?
| Brokerage Firm | Recommendation |
|---|---|
| Choice | Subscribe for the long-term |
| AUM Capital | Subscribe for the long-term |
| Master Capital Services | Subscribe for the long-term |
| Bajaj Broking | Subscribe for the long-term |
| Swastika Investmart | Suitable for high-risk investors |
(This table presents the brokerage firms and their respective recommendations.)
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