Vishal Mega Mart’s ₹8,000 crore Initial Public Offering (IPO) is now open for subscription, sparking interest among investors.
Market experts recommend subscribing to the IPO due to the company’s strong financial performance, debt-free status, and significant market presence.
Brokerage firms have also highlighted Vishal Mega Mart’s potential for long-term growth in India’s retail sector, making it an attractive investment opportunity.
Price Band, Lot Size, and Important Dates
The IPO is available for subscription from today until December 13. The price band for the shares is set at ₹74-₹78, with one lot comprising 190 shares.
To purchase one lot, investors need to invest a minimum of ₹14,820.
The final share allotment will be announced on December 16, and the shares will be listed on December 18 on both the BSE and NSE.
Grey Market Premium (GMP) Shows Strong Interest
The grey market premium (GMP) for Vishal Mega Mart’s IPO indicates positive sentiment among investors.
Currently, the GMP is up by 22%, suggesting that the IPO could yield a return of over 20% upon listing.
About Vishal Mega Mart
Vishal Mega Mart is one of India’s top retail chains, catering primarily to middle and lower-middle-class customers.
The company offers a variety of products, including clothing, general merchandise,
and fast-moving consumer goods (FMCG). As of June 30, 2024, the Gurugram-based company operates 626 stores across the country.
Why Consider Investing?
With its strong market presence, focus on affordable retail, and a growing number of stores, Vishal Mega Mart holds significant potential for long-term growth.
The positive grey market trends further add to the appeal of this IPO, making it a compelling option for investors.
