Vishal Mega Mart is into Consumer Retail Chain sector and is looking raise funds through Offer for Sale
IPO Summary
Vishal Mega Mart IPO is a public offering of shares by Samayat Services LLP and Kedaara Capital Fund II LLP. The IPO will open on December 11 and will close on December 13. The price band is ₹74 to ₹78 per share and the lot size is 190 shares. The issue size is ₹8,000. crore. The shares are expected to be listed on NSE, BSE on December 18 (^). Some additional information that you may find useful are: Revenue for FY24 at Rs8912 crores (v/s Rs7586 crores in FY23) | EBITDA for FY24 at Rs1248.6 crores (v/s Rs1020 crores in FY23) | Share of sales mix at 43.7%/27.5%/28.5% for Apparel/FMCG/General Merchandise segments in FY24 (v/s 26.8%/29.5%/35.7% in FY23): (**) - based on higher price band (^) indicative datePromoters of the company are Samayat Services LLP and Kedaara Capital Fund II LLP Currently promoters hold 98.77% stake in the company. While post-equity promoters stake will be 76.02%
- Company aims to raise between Rs 8,000 to 8,000 crs through this IPO.
- The net proceeds of the issue will be utilized to Company will not receive any proceeds from the Offer. The objects of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchange (ii) carry out the Offer for Sale
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 10-Dec-24.
- Price band for the IPO has been fixed at Rs 74 to 78 per share and bid lot are in multiple of 190 shares. The implied market cap post-issue at Rs 33,365 to 35,168 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on December 16 and share are expected to be listed on NSE, BSE on December 18.
- Company has direct peer competition in India'a Consumer Retail Chain sector. In Listed space peers include Avenue Supermarts Ltd (DMART) and Trent Limited among others.
- Kotak Mahindra Capital, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India, Morgan Stanley India has been appointed as Merchant Banker to the issue. KFin Technologies Ltd. has been appointed as official registrar of the issue.
- Company has not undertaken Pre-IPO placement.
Key Pointers of Vishal Mega Mart IPO:
| Vishal Mega Mart Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 2018 | Gurugram | Consumer | Retail Chain |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (OFS) | Book Building | 18-Dec-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 11-Dec-24 to 13-Dec-24 | ₹ 74 to 78 per sh | ₹ 10 per sh | 190 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 190 shares ₹ 14,820 | 2,470 shares up to ₹ 192,660 | 2,660 to 12,730 shares ₹ 207,480 to 992,940 | 12,920 shares and above ₹ 1,007,760 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About Vishal Mega Mart Limited
Established in 2018, Visham Mega Mart is into Consumer multi brand retail outlets selling Apparels, General Merchandise and FMCG products. Company has diverse range of merchandize through portfolio of own brands and third party brands tofulfil the aspirational and daily needs of consumers. It is selling products across three major product categories, i.e., apparel, general merchandise and fast-moving consumer goods, through a pan-India network of 645 Vishal Mega Mart stores and Vishal Mega Mart mobile application and website.
Revenue for FY24 at Rs8912 crores (v/s Rs7586 crores in FY23) | EBITDA for FY24 at Rs1248.6 crores (v/s Rs1020 crores in FY23) | Share of sales mix at 43.7%/27.5%/28.5% for Apparel/FMCG/General Merchandise segments in FY24 (v/s 26.8%/29.5%/35.7% in FY23)
About Industry
The total addressable market for aspirational retail in India is ₹68-72 trillion (US$ 820-870 billion) for calendar year 2023, and is expected to be ₹104-112 trillion (US$ 1,250-1,350 billion) by calendar year 2028, growing at a CAGR of 9%(Source:Redseer Report at page 135). Within the aspirational retail market, there has been a consistent shift towards organized retail primarily due to increasing baselines for quality, availability of wider assortment, better pricing especially in fast-moving consumer goods, denser urban areas, and large whitespace for organized retailers in aspirational retail
| Vishal Mega Mart Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 10-Dec-24 |
| IPO Open | 11-Dec-24 |
| IPO Close | 13-Dec-24 |
| Allotment | 16-Dec-24 |
| Credit of Shares | 17-Dec-24 |
| Refund | 17-Dec-24 |
| Listing | 18-Dec-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Vishal Mega Mart Limited IPO - Management Details: | |
|---|---|
| Gunender Kapur, Managing Director & CEO | |
| Neha Bansal, Chairperson and Independent Director | |
| Amit Gupta, Chief Financial Officer | |
| Rahul Luthra, Company Secretary and Compliance Officer | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| Vishal Mega Mart Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 50 | NA | 512,820,513 | NA | 4,000. |
| Non-Retail (NII) | 15 | NA | 153,846,154 | NA | 1,200. |
| Non-Retail (NII): >Rs10L | NA | 102,564,103 | NA | 800. | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 51,282,051 | NA | 400. | |
| Retail | 35 | NA | 358,974,359 | NA | 2,800. |
| Employee | NA | . | . | ||
| Shareholder | NA | . | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Vishal Mega Mart Limited - IPO Registrar & Transfer Agent (RTA): |
|---|
| KFin Technologies Ltd. Selenium, Tower B, Plot No 31 and 32, Financial District, Nanakramguda, Serilingampally HYDERABAD TELANGANA 500032 |
Check IPO Allotment status of Vishal Mega MartIPO:
| Vishal Mega Mart Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| Vishal Mega Mart Limited - Documents | |
|---|---|
Disclaimer:
Above article only publishes details on the companies and about forthcoming / upcoming IPO' and are solely intended for educational purpose. We don't solicit or invite any interest of user to invest in any of the investment products. Please review DRHP/RHP/Prospectus for more details about the company, fundamentals and other details. Please visit respective sources to verify and know more details about the IPO. SME IPOs can be more volatile due to smaller market capitalization and liquidity. Prices may fluctuate significantly in response to market conditions. We advise users and/or investors to take opinion from certified and SEBI registered experts before taking any investment decisions.
| Source: SEBI, BSE, NSE |
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