Vishal Mega Mart IPO: Listing Date, Allotment Status, and GMP Insights
Vishal Mega Mart, a prominent Indian budget retailer, recently concluded its Initial Public Offering (IPO) with significant investor interest. Here’s a comprehensive overview of the IPO details, including the listing date, allotment status, and Grey Market Premium (GMP).
Vishal Mega Mart IPO Details:
- Issue Period: December 11 to December 13, 2024
- Issue Size: ₹8,000 crore (approximately $943 million)
- Price Band: ₹74 to ₹78 per share
- Subscription Status: The IPO was oversubscribed 27.28 times, indicating robust demand from investors.
Listing Date:
The equity shares of Vishal Mega Mart are scheduled to be listed on both the BSE and NSE on December 18, 2024.
Allotment Status:
Investors who applied for the IPO can check their allotment status through the following methods:
- Registrar’s Website (KFin Technologies):
- Visit the KFin Technologies IPO status page.
- Select “Vishal Mega Mart Limited” from the dropdown menu.
- Enter your Application Number, Demat Account details, or PAN.
- Complete the CAPTCHA verification and click “Submit” to view your allotment status.
- BSE Website:
- Go to the BSE IPO application status page.
- Select “Equity” as the issue type and “Vishal Mega Mart Limited” as the issue name.
- Enter your Application Number or PAN.
- Complete the CAPTCHA verification and click “Search” to view your allotment status.
Grey Market Premium (GMP):
As of December 17, 2024, Vishal Mega Mart’s shares are commanding a GMP of ₹19 per share. This suggests that the shares are trading at a premium of ₹19 over the upper issue price of ₹78 in the grey market, indicating positive investor sentiment ahead of the official listing.
About Vishal Mega Mart:
Vishal Mega Mart is a leading budget retailer in India, offering a wide range of products, including groceries and apparel, at affordable prices. With a strong presence across the country, the company operates numerous franchised stores, catering primarily to value-conscious consumers.
Investor Considerations:
Investors should note that while the GMP provides an indication of market sentiment, it is not an official metric and can be volatile. It’s essential to consider the company’s fundamentals, market conditions, and personal investment goals before making trading decisions.
For the most accurate and up-to-date information, investors are advised to refer to official communications from Vishal Mega Mart and consult with financial advisors.
