Vishal Mega Mart shares are set to make their much-anticipated debut on the stock exchanges today following an oversubscribed ₹8,000-crore IPO. The public issue saw strong investor demand, with a total subscription of 27.28 times during the three-day bidding window last week.
Key IPO Subscription Details:
- Qualified Institutional Buyers (QIBs): 80.75 times
- Non-Institutional Investors (NIIs): 14.24 times
- Retail Investors: 2.31 times
GMP:
Ahead of the listing, Vishal Mega Mart shares are trading at a ₹22 grey market premium (GMP), indicating a possible listing price of ₹100 per share against the IPO price of ₹78, representing a 25% gain. However, market experts caution that the GMP is speculative and not an official indicator of the actual listing price.
Company Overview:
Vishal Mega Mart operates a chain of 645 retail stores across 414 cities as of FY24, catering primarily to middle and lower-middle-class consumers.
- Store Distribution: ~35% of stores are concentrated in Uttar Pradesh, Karnataka, and Assam.
- Revenue Segments:
- Apparel: 44%
- FMCG: 27%
- General Merchandise: 29%
Analysts’ Take:
With robust investor interest, analysts suggest booking profits if listing gains exceed 25%, given the high subscription levels and consistent performance of the retail giant.
Vishal Mega Mart’s successful market debut underscores investor confidence in its growth story, driven by a vast retail network and strong focus on value-driven products.
