Vishal Mega Mart shares will be listed in the market on Wednesday, December 18. Just before the listing, the grey market premium of Vishal Mega Mart shares has reached above 25%. The current grey market premium (GMP) of the company’s shares is indicating a great listing. Vishal Mega Mart’s IPO opened for betting on December 11, 2024 and remained open till December 13. The total size of the company’s public issue was up to Rs 8000 crore.
Vishal Mega Mart IPO Listing Date
Vishal Mega Mart’s IPO opened for subscription on December 11. And its listing on NSE and BSE will be on Wednesday (December 18). The company has fixed the price band of the IPO at Rs 74 to Rs 87 per equity share.. The lead managers for this IPO are Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India and Morgan Stanley India Company.
Vishal Mega Mart IPO GPM
Vishal Mega Mart shares are trading at a 26 percent premium rate in the gray market. This indicates that this IPO can be listed on NSE and BSE at a price of Rs 98.5. Let us tell you that the gray market is an unofficial place for buying and selling shares.
Vishal Mega Mart IPO Price
The price of Vishal Mega Mart’s share in the IPO is Rs 78. At the same time, the gray market premium (GMP) of the company’s shares has reached Rs 20.50. According to the current GMP, Vishal Mega Mart shares can be listed at Rs 98.50. That is, the investors who would have been allotted shares of the company in the IPO, They can expect a gain of more than 26 percent on the listing day. The company’s shares will be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) platforms. Before the IPO, the promoters’ stake in the company was 96.46 percent, which will now be reduced to 76.02 percent.
Company Business
Vishal Mega Mart is India’s leading retail chain company, which caters to the needs of middle and lower-middle class income group customers. The company sells clothing, general products and fast-moving consumer goods through its stores. As of June 30, 2024, Vishal Mega Mart has 626 stores across the country.
