The much-anticipated Vishal Mega Mart IPO allotment is set to be finalized today, Monday, December 16, 2024. The IPO, which garnered strong investor interest, closed for subscription on December 13, 2024, witnessing an oversubscription of 27.28 times. With shares offered in the ₹74-₹78 price band and a lot size of 190 shares, the response from both institutional and retail investors was impressive.
Vishal Mega Mart IPO Subscription Status
The Vishal Mega Mart IPO received overwhelming demand across investor categories, with the final subscription status as follows:
- Qualified Institutional Buyers (QIBs): 80.75 times the reserved quota
- Non-Institutional Investors (NIIs): 14.24 times the allocated quota
- Retail Individual Investors (RIIs): 2.31 times the reserved portion
This high demand reflects the strong confidence investors have in the Vishal Mega Mart business model and its growth potential.
How to Check Vishal Mega Mart IPO Allotment Status
Investors can check their IPO allotment status once it is finalized using the following methods:
1. BSE Official Website
- Visit the BSE IPO Allotment Status page:
BSE IPO Status Check - Enter your Application Number, PAN Card details, and select the IPO name to view your allotment status.
2. KFin Technologies (Registrar)
- Go to the KFintech website or use the direct allotment status page.
- Provide your Application ID, DP Client ID, or PAN details to check the status.
Vishal Mega Mart IPO Grey Market Premium (GMP)
As of today, the Vishal Mega Mart shares are trading at a GMP of ₹19, which translates to a 24.36% premium over the upper IPO price band of ₹78. This suggests a likely listing price of around ₹97 per share if current grey market trends hold steady.
However, it’s important to note that grey market premium (GMP) is unofficial, unregulated, and can fluctuate significantly. Therefore, while GMP offers an estimate, it should not be the sole basis for investment decisions.
Vishal Mega Mart IPO Listing Date and Expectations
The shares of Vishal Mega Mart are scheduled to list on:
- BSE and NSE: Wednesday, December 18, 2024
If the current grey market premium remains stable, investors can expect a potential listing price of ₹97, which represents a premium of ₹19 over the upper IPO price of ₹78.
About Vishal Mega Mart
Vishal Mega Mart is a leading retail chain offering a diverse portfolio of products, including apparel, FMCG, groceries, and general merchandise. The company serves a wide range of customers by catering to both aspirational and everyday needs. It operates through a mix of:
- Wholesale trading
- Cash-and-carry operations
- Franchising under the Vishal brand
This multifaceted business model has solidified Vishal Mega Mart’s position as a key player in the retail sector, driving strong investor interest in its IPO.
The Vishal Mega Mart IPO has seen robust demand, particularly from institutional investors, indicating strong market confidence. With a grey market premium hinting at a 24.36% listing gain, investors eagerly await the allotment status and the official listing date on December 18, 2024.
To check your allotment, use the BSE IPO allotment page or the KFintech portal. As always, monitor the market trends closely and stay informed to make the best investment decisions.
Stay tuned for more updates on Vishal Mega Mart’s IPO performance and listing!
