After the successful closing of Vishal Mega Mart’s massive Rs 8,000 crore IPO, investors are eagerly awaiting the allotment of shares. The IPO opened for public subscription from December 11 to December 13, 2024, and now all eyes are on the allotment process, which is expected to take place on Monday, December 16, 2024.
Vishal Mega Mart IPO Allotment Date and Time
The allotment of Vishal Mega Mart shares is anticipated to be announced on Monday, December 16, 2024. Investors will be able to check their allotment status once the final basis of allotment is determined.
How to Check Vishal Mega Mart IPO Allotment Status
Investors can easily check their Vishal Mega Mart IPO allotment status online through the official websites of BSE, NSE, or the registrar KFin Technologies Ltd. Here’s how you can do it:
- Check on BSE
- Visit the official BSE website: BSE IPO Allotment Status
- Select ‘Equity’ under the Issue Type.
- Choose ‘Vishal Mega Mart’ from the dropdown menu under Issue Name.
- Enter your Application or PAN Card Number, complete the CAPTCHA, and click submit.
- The allotment status will appear on your screen.
- Check on NSE
- Visit the official NSE website: NSE IPO Allotment Status
- Sign up with your PAN details by clicking ‘Click here to sign up.’
- Enter your username, password, and CAPTCHA code.
- A new page will open where you can view your allotment status.
- Check on KFin Technologies
- Visit KFin Technologies’ IPO status page: KFin IPO Status
- Select ‘Vishal Mega Mart IPO.’
- Choose the ‘PAN’ tab and enter your PAN details.
- Complete the CAPTCHA and click ‘Submit’ to check the allotment status.
Vishal Mega Mart IPO Subscription Status
The Vishal Mega Mart IPO saw an overwhelming response, with total bids amounting to 20.64 crore shares, against the 75.67 crore shares on offer. The subscription data is as follows:
- Qualified Institutional Buyers (QIBs): 80.75 times oversubscribed.
- Non-Institutional Investors (NIIs): 14.25 times oversubscribed.
- Retail Individual Investors (RIIs): 2.31 times oversubscribed.
The company also raised Rs 2,400 crore from anchor investors ahead of the public offer. The price band for the IPO was set between Rs 74 and Rs 78 per share.
About Vishal Mega Mart IPO
The IPO is a pure offer-for-sale (OFS), meaning no fresh equity shares are being issued. The shares are being sold by Samayat Services LLP, a Kedaara Capital-led promoter entity. The company offers a wide range of products, including apparel, general merchandise, and fast-moving consumer goods (FMCG), through its 626 stores across India. Vishal Mega Mart also has a mobile app and website for online shopping.
The IPO’s book-running lead managers include Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India.
Vishal Mega Mart IPO Listing Date
Vishal Mega Mart shares are expected to list on the BSE and NSE on Wednesday, December 18, 2024.
