Vishal Mega Mart is a one-stop destination for middle and lower middle income earners in India. The company offers a diverse merchandise assortment of own and third party brands to fulfil the demanding and daily needs of consumers. Through an India-wide network of 645 Vishal Mega Mart stores and the Vishal Mega Mart mobile app and website, it offers products across three broad product categories, namely apparel, general merchandise and fast moving consumer goods.
The target audience is the middle and lower middle income class in India. The number of middle-income households in India has increased from approximately 201 million in calendar year 2018 to approximately 225 million households in calendar year 2023 due to rapid economic development, increasing formalisation of employment and structural shift from an agriculture-based economy to industry and services.
Vishal Mega Mart IPO open date is December 11, 2024 and the IPO will close on December 13, 2024. Vishal Mega Mart IPO is a Book Built Issue. Vishal Mega Mart IPO price band is ₹74 to ₹78 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Vishal Mega Mart IPO to list on BSE, NSE on December 18, 2024. The allotment of Vishal Mega Mart IPO date is December 16, 2024. The company reported Profit of ₹461.94 crores in 2024 against Profit of ₹321.27 crores in 2023.
Vishal Mega Mart IPO Details
| IPO Open Date: | December 11, 2024 |
| IPO Close Date: | December 13, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹74 to ₹78 Per Share |
| Issue Size: | Approx ₹8,000 Crores, 1,025,641,025 Equity Shares |
| Offer for Sale: | Approx ₹8,000 Crores, 1,025,641,025 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Vishal Mega Mart IPO Timeline
The Vishal Mega Mart IPO date is December 11 and the close date is December 13. The Vishal Mega Mart IPO allotment will be finalized on December 16 and the IPO listing on December 18.
| IPO Open Date: | December 11, 2024 |
| IPO Close Date: | December 13, 2024 |
| Basis of Allotment: | December 16, 2024 |
| Refunds: | December 17, 2024 |
| Credit to Demat Account: | December 17, 2024 |
| IPO Listing Date: | December 18, 2024 |
Vishal Mega Mart IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ₹74.00-78.00 |
| Market Lot: | 190 Shares |
| 1 Lot Amount: | ₹14820 |
| Min Small HNI Lots(2-10 Lakh): | 2660 shares (14 lots) – ₹207480 |
| Min Big HNI Lots(10+ Lakh): | 12920 shares (68 lots) – ₹1007760 |
Vishal Mega Mart Limited: Key Financial Metrics Explained
Vishal Mega Mart Limited’s revenue increased by 17.41% and profit after tax (PAT) rose by 43.78% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 9,551.75 | 8,506.08 | 8,288.91 | 8,217.98 |
| Revenue | 5,053.42 | 8,945.13 | 7,618.89 | 5,653.85 |
| Profit After Tax | 254.14 | 461.94 | 321.27 | 202.77 |
| Net Worth | 5,923.74 | 5,646.59 | 5,180.84 | 4,849.93 |
| Reserves and Surplus | 1,390.27 | 1,113.12 | 649.50 | 321.88 |
| Total Borrowing | 133.50 | 497.41 |
