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Vishal Mega Mart, a leading grocery store chain, will introduce its going public (IPO) on December 11; Should you subscribe?
Vishal Mega Mart IPO.
Vishal Mega Mart, a leading grocery store chain, will certainly introduce its going public (IPO) on December 11, with strategies to increase Rs 8,000 crore with a sell (OFS) device. The business’s shares are presently trading at a 31% costs in the grey market, with the most up to date grey market costs (GMP) standing at Rs 24.
Vishal Mega Mart IPO Price Band
Backed by Kedaara Capital, Vishal Mega Mart has actually established a cost band of Rs 74-78 per equity share for its Rs 8,000 crore IPO, which will certainly shut on December 13. The bidding process home window for support capitalists will certainly open up on December 10 and continue to be open for a day.
The minimal whole lot dimension for retail capitalists is 190 shares, needing a financial investment of Rs 14,820. Small non-institutional capitalists need to bid for a minimum of 14 great deals, or 2,660 shares, amounting to Rs 2.07 lakh. Large non-institutional capitalists will certainly require to bid for at the very least 68 great deals, or 12,920 shares, totaling up to Rs 10.07 lakh.
Vishal Mega Mart IPO: Key Dates
The IPO will certainly open up for public membership on December 11 and shut on December 13. Allotments are anticipated to be wrapped up by December 16, with the shares arranged for detailing on the BSE and NSE on December 18.
Vishal Mega Mart IPO: Grey Market Premium (GMP)
The grey market is revealing solid need for Vishal Mega Mart shares, with the existing GMP of Rs 24 signifying a prospective listing costs of around 31%. This notes a rise from the Rs 17 GMP seen over the weekend break.
Vishal Mega Mart IPO Proceeds
The whole Rs 8,000 crore IPO is a sell (OFS), implying that the earnings will certainly not most likely to the business yet will certainly be paid to the marketing investors.
About Vishal Mega Mart
Vishal Mega Mart (VMM) is a leading retail chain satisfying center- and lower-middle-income customers throughoutIndia Its item array consists of a mix of internal and third-party brand names, covering 3 vital groups: garments, basic goods, and fast-moving durable goods (FMCG).
The business taped profits of Rs 8,900 crore in FY24 and runs 645 shops throughout 414 cities in 30 states and union regions, covering a retail area of 11.5 million square feet.
Disclaimer: Disclaimer: The sights and financial investment pointers by professionals in this News 18. com record are their very own and not those of the internet site or its administration. Users are recommended to get in touch with qualified professionals prior to taking any type of financial investment choices.
