Vishal Mega Mart Ltd. was incorporated on March 26, 2018. The company offers a diverse range of merchandise through its own and third-party brands to meet consumers' aspirational and daily needs. It provides products across three major categories: apparel, general merchandise, and fast-moving consumer goods through a network of 626 Vishal Mega Mart stores, mobile app, and website as of June 30, 2024.
| Bidding Dates |
|---|
| 11 Dec 2024 - 13 Dec 2024 |
| Subscription |
|---|
| 27.28x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,060 | 1 | 13 | 190 | 1025.6 M | ₹74 - ₹78 | 76.02 % | ₹75897.4 M - ₹80000.0 M | RHP DOC |
Vishal Mega Mart Ltd. IPO SUBSCRIPTION STATUS
13 Dec '24Vishal Mega Mart Ltd. IPO overall subscription rate was 27.28 times the total available shares
Vishal Mega Mart Ltd. IPO retail subscription rate was 2.31 times in the retail segment
Vishal Mega Mart Ltd. IPO non-institutional investor subscription rate was 14.24 times in the non-institutional investor category
Vishal Mega Mart Ltd. IPO Qualified Institutional Bidder subscription rate was 80.75 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
13 Dec 2024 (Day 3) | 2.31x | 14.24x | 80.75x |
12 Dec 2024 (Day 2) | 1.16x | 3.84x | 0.48x |
11 Dec 2024 (Day 1) | 0.53x | 1.11x | 0.03x |
Vishal Mega Mart Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 2,541.4 | 50,325.1 | 9,918.4 | 8,751.7 | 13.3% |
| H1FY24 | 1,953.6 | 42,194.6 | 4,865.5 | 3,755.2 | 13.5% |
| FY24 | 4,619.4 | 89,119.5 | 8,296.7 | 5,834.1 | 14.0% |
| FY23 | 3,212.7 | 75,860.4 | 6,355.3 | 4,168.1 | 13.5% |
| FY22 | 2,027.7 | 55,885.2 | 6,571.0 | 4,996.4 | 14.4% |
Vishal Mega Mart Ltd. IPO SUBSCRIPTION STATUS DETAILS
Vishal Mega Mart Ltd. had 1025.6 M shares on offer
Vishal Mega Mart Ltd. IPO offer price was in the range ₹74 - ₹78
Vishal Mega Mart Ltd. IPO minimum Investment was ₹14060
Vishal Mega Mart Ltd. IPO issue size was ₹ 75897.4 M - ₹ 80000.0 M
Vishal Mega Mart Ltd. had a minimum lot size of 190 Shares per application
Vishal Mega Mart Ltd. NUMBER OF SHARES ON OFFER
Vishal Mega Mart Ltd. IPO IMPORTANT DATES
| Issue Open Date | 11 Dec 2024 |
| Issue close Date | 13 Dec 2024 |
| Allotment Date | 16 Dec 2024 |
| Refund Date | 17 Dec 2024 |
| Demat Account Credit Date | 17 Dec 2024 |
| Listing Date | 18 Dec 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Vishal Mega Mart Ltd. Allotment Status | Exchange |
Vishal Mega Mart Ltd. IPO subscription opened on 11 Dec 2024, and closed on 13 Dec 2024
IPO allotment for Vishal Mega Mart Ltd. was finalized on Monday, 16 Dec 2024
IPO listing for Vishal Mega Mart Ltd. was on NSE and BSE on Wednesday, 18 Dec 2024
Vishal Mega Mart Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 78.0 |
| Listing Open Price | 104.0 |
| Listing Close Price | 111.9 |
| Listing Gain% | 33.3% |
| Current Gain% | 39.4% |
Vishal Mega Mart Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vishal Mega Mart Ltd. | 108.7 | 49018.8 | 57.1 | 1.9 | 3.8 | 11.3 | 7.3 | 12992.6 | 20.6 | 839.2 | 32.8 | 1.9 | 29.7 |
| Avenue Supermarts Ltd. | 3900 | 254375.9 | 83.2 | 6.4 | 3.6 | 12.1 | 10.1 | 68894.8 | 15.8 | 2970.5 | 9.7 | 46.9 | 13 |
| Trent Ltd. | 2997 | 159809.7 | 88.3 | 6.2 | 7.6 | 24.6 | 14.7 | 20189 | 16.3 | 1719.6 | 11.2 | 33.9 | 14.2 |
| V2 Retail Ltd. | 219.4 | 8001.6 | 49.6 | 0.4 | 2.6 | 18 | 6.7 | 3077.4 | 62.7 | 162.1 | 125 | 4.4 | 124.2 |
| Aditya Birla Fashion and Retail Ltd. | 63.3 | 7729.7 | -9.9 | 0.1 | 0.9 | -13.3 | -4.4 | 8486.5 | 12.4 | -775.9 | -106.5 | -6.4 | -67.2 |
| V-Mart Retail Ltd. | 799.4 | 6360.9 | 46.2 | 0.4 | 1.6 | 13 | 4.5 | 3804.4 | 16.5 | 124 | 170.9 | 17.3 | 104.7 |
Vishal Mega Mart Ltd. INFORMATION ON IPO ISSUE
About Vishal Mega Mart Ltd.
Vishal Mega Mart Ltd. was incorporated on March 26, 2018. The company offers a diverse range of merchandise through its own and third-party brands to meet consumers' aspirational and daily needs. It provides products across three major categories: apparel, general merchandise, and fast-moving consumer goods through a network of 626 Vishal Mega Mart stores, mobile app, and website as of June 30, 2024.
Object of the Issue
- Achieve the benefits of listing equity shares on the stock exchanges
- Carry out the offer for sale of equity shares of face value of Rs 10 each aggregating to Rs 8,000 crore by the promoter selling shareholder
Vishal Mega Mart Ltd. - PROMOTERS
| Name |
|---|
| Samayat Services LLP |
| Kedaara Capital Fund |
Vishal Mega Mart Ltd. Book Running Lead Manager
Kotak Mahindra Capital Company Limited
vmm.ipo@kotak.com
ICICI Securities Limited
vmm.ipo@icicisecurities.com
Intensive Fiscal Services Private Limited
vishal.ipo@intensivefiscal.com
Jefferies India Private Limited
vishalmm.ipo@jefferies.com
J.P. Morgan India Private Limited
vishal_mega_mart_ipo@jpmorgan.com
Morgan Stanley India Company Private Limited
vishalmegamartipo@morganstanley.com
Vishal Mega Mart Ltd. Registrar to the Offer
KFin Technologies Limited
vmm.ipo@kfintech.com
Vishal Mega Mart Ltd. Strengths
Consumer-centric approach
The company adopts a consumer-centric approach focused on maximizing variety, affordability, quality, and convenience for its customers
Diverse and growing portfolio
The company's brand portfolio includes apparel for men, women, children, and infants, as well as household items, travel accessories, kitchen appliances, utensils, crockery, footwear, and lifestyle products in general merchandise. It also features food and non-food products, and staples in the fast-moving consumer goods category
Pan-India presence
As of June 30, 2024, the company operates a pan-Indian network of 626 stores across 33 Tier 1 and 370 Tier 2 cities. Ranked among the top two offline-first diversified retailers in India as of FY24, it opened 16, 61, 66, and 88 new stores during the Q1FY25 and FY24, FY23, and FY22, respectively, while closing a total of 26 stores
Vishal Mega Mart Ltd. Risks
Dependent on third party vendors
The company does not manufacture any products sold in its stores and relies entirely on third-party vendors for its own brand products. This reliance on vendors to meet specifications and quality standards poses risks that could adversely affect its business, operations, cash flows, and financial condition
Legal penalties/action
The company has received two directives from the Enforcement Directorate requesting information and documents for its investigation. Any adverse outcome could result in further inquiries, investigations, legal proceedings, or penalties
Impact of consumer preferences
Failure to identify and respond to changing consumer preferences could decrease demand for the company's products, negatively impacting its business and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 8,000.0 crore, of 1,025,641,025 shares.
The promoters of the company are Samayat Services LLP and Kedaara Capital Fund.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 74.0 - 78.0.
The IPO application opens on Dec 11, 2024 and closes on Dec 13, 2024.
The minimum lot size for the IPO is 190. The maximum lot size for the IPO is 2470.
For all category investors, the minimum application amount for this IPO is Rs. 14,060.0, the maximum value for this IPO is Rs 192,660.0.
This IPO will be allotted on Dec 16, 2024.
The refund will be credited to your account on Dec 17, 2024.
The allotted shares will be credited to your demat on Dec 17, 2024.
Vishal Mega Mart Ltd.’s shares listed on the stock exchanges on Dec 18, 2024.