Vishal Mega Mart made a strong market debut, listing at a 33% premium on the National Stock Exchange (NSE) at Rs 104, and a 41% premium on the Bombay Stock Exchange (BSE) at Rs 110, compared to its IPO (initial public offering) price. In the grey market, an unofficial where stocks are traded before listing, the company’s shares were trading at a 28% premium. Furthermore, this hinted at a robust stock market debut.
Given below are the details related to the IPO of the company:
- Vishal Mega Mart aimed to raise Rs 8,000 crores.
- The minimum investment requirement in the IPO was 190 shares.
- The company offered 1,025,641,025 shares for sale.
- IPO opened on December 11, 2024, and concluded on December 13, 2024.
- The company kept the price range for the IPO at Rs 74 to Rs 78 per share.
The company appointed Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India Company as its book-running lead managers. Additionally, Kfin Technologies was the registrar for the issue.
Vishal Mega Mart IPO: Should You Hold Or Sell?
Some analysts suggested that investors in the IPO should consider booking profits if the listing gains surpass 25%. However, several other analysts suggested holding onto the stock for the long haul.
Before The IPO
Here’s how top brokerage firms weighed in on the IPO beforehand.
| 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 |
Vishal Mega Mart operates retail stores in India, with the target audience being the middle and lower-income families. The chain offers a wide variety of products under its own brands and other popular labels. Furthermore, the company runs 645 stores in the country and has shown consistent revenue and profitability growth.
(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)
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