The much-awaited Vishal Mega Mart IPO allotment status is set to be released today. Investors who applied for the IPO can check their allotment status online via KFin Technologies’ website (https://www.kfintech.com/) and the BSE website.
Vishal Mega Mart IPO Overview
Vishal Mega Mart, a Gurugram-based supermarket chain, set its price band for the IPO between ₹74 to ₹78 per share. The company’s IPO raised a substantial ₹8,000 crore, which was entirely an offer-for-sale (OFS).
Vishal Mega Mart IPO Allotment Status
Investors can easily check the IPO allotment status by entering their PAN number or application number on the official websites of KFin Technologies or BSE. The allotment status will also be available on these platforms today, providing investors with much-needed clarity.
Vishal Mega Mart IPO Subscription Details
The IPO witnessed a stellar demand with an overall subscription of 27.28 times. The company received bids for 20.64 billion shares, compared to the 7.56 crore shares on offer. Here’s how the subscription numbers broke down:
- Qualified Institutional Buyers (QIBs): Subscribed 80.75 times
- High Net-worth Individuals (HNIs): Subscribed 14.25 times
- Retail Investors: Subscribed 2.31 times
Listing and Trading Date
The shares of Vishal Mega Mart will list on the NSE and BSE on December 18, with trading beginning at 10 AM. Investors can look forward to the stock’s debut on the exchange and the possibility of early gains.
Vishal Mega Mart IPO GMP Today
Currently, the grey market premium (GMP) for Vishal Mega Mart shares is ₹19, which indicates a 30% premium over the issue price. This suggests positive sentiment in the grey market ahead of the stock’s listing.
Company Overview
Vishal Mega Mart operates 626 stores across India and also offers a mobile app and website for online shopping. Its product offerings include a range of in-house and third-party brands across three key categories: apparel, general merchandise, and fast-moving consumer goods.
With the listing just around the corner, investors are eagerly awaiting the allotment status and the market debut of this popular retail chain.
