Vishal Mega Mart’s Initial Public Offering (IPO) has been a topic of discussion for the past few days. The IPO, worth ₹8,000 crore, has now opened for investment.
Many investors are wondering if they should invest in this public issue. However, market experts suggest subscribing to the IPO due to the company’s strong financial position, zero debt,
and wide market presence. Brokerage firms have also recommended this IPO, highlighting the company’s influence in India’s retail sector and its potential for long-term growth.
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Price Band, Lot Size, and Key Dates
The Gurugram-based company’s ₹8,000 crore IPO is open for subscription from today until December 13. The price band for the shares is ₹74-₹78, with one lot consisting of 190 shares.
This means a common investor would need to invest at least ₹14,820 to buy one lot. The final allotment of shares will be announced on December 16, and the shares will be listed on December 18 on the BSE and NSE.
Grey Market Premium
The grey market price (GMP) of Vishal Mega Mart’s IPO shows positive signs. Currently, the GMP is up by 22%, which indicates strong investor interest.
This suggests that the IPO could provide a return of more than 20% when it gets listed.
About Vishal Mega Mart
Vishal Mega Mart is one of India’s leading retail chains. It primarily serves middle and lower-middle-class customers, offering clothing, general products,
and fast-moving consumer goods. As of June 30, 2024, Vishal Mega Mart operates 626 stores across the country.
What Does Vishal Mega Mart Do?
Vishal Mega Mart is one of India’s top retail chains, catering mainly to the middle and lower-middle class. The company sells clothing, general products,
and fast-moving consumer goods at its stores. As of June 30, 2024, Vishal Mega Mart operates 626 stores across India.