Vishal Mega Mart Limited’s IPO (initial public offering) has been concluded after a three-day bidding period on Friday, December 13, 2024. The investors are now anxiously waiting to find out if they’ve been allotted shares, and the company may finalize the allotment today. The IPO saw an overall subscription reaching 27.28 times the available shares on the third day. Here’s how different groups subscribed:
- Qualified Institutional Buyers (QIBs): 80.75 times
- Non-institutional investors (NIIs): 14.25 times
- Retail investors: 2.31 times (exceeding their allotted quota)
Vishal Mega Mart’s IPO started on December 11, 2024, and ended on December 13, 2024. The company aimed to raise Rs 8,000 crores from this share sale. Furthermore, the minimum investment requirement was 190 shares. The company offered 1,025,641,025 shares for sale, with a price band of Rs 74 to Rs 78 apiece.
Vishal Mega Mart IPO: GMP
According to several media reports, the Grey Market Premium (GMP) for Vishal Mega Mart’s IPO currently stands at Rs 20. According to grey market expectations, the Vishal Mega Mart IPO is likely to list with a premium of approximately 26% against the issue price range of Rs 74 to Rs 78 per share.
How To Check Share Allotment Status?
On Registrar’s Website
- Jump into KfinTechnologies Ltd’s website: https://www.kfintech.com.
- Go into the Products sections.
- Tab on the ‘IPO allotment status’ option in the ‘Investors’ menu.
- Select from the 5 options and click on any link.
- Select Vishal Mega Mart in the drop-down menu for IPO names.
- To check your details, provide your application number, Permanent Account Number (PAN), or Demat account number.
- Furthermore, enter the captcha code, and then tab on the “Submit” button.
On BSE Website
- Dive into the BSE’s website: https://www.bseindia.com.
- Check in the “Public Issues” tab.
- Select the “Check Status” option or visit the BSE IPO allotment status page directly at: https://www.bseindia.com/investors/appli_check.aspx.
- Choose the equity.
- From issue names menu, select “Vishal Mega Mart”.
- Provide your Permanent Account Number (PAN) or application number.
- Tab on the submit tab to see details.
Investors can also check their share allotment status on the NSE website by following these steps:
- Log in with your User ID and password.
- Enter your PAN and bank account details.
- Check your share allotment status.
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