V-Mart Retail IPO
V-Mart Retail IPO — date, price band, lot size & details 2013
V-Mart Retail listed on 20 Feb 2013 at ₹214, 1.9% above the ₹210 issue price.
V-Mart Retail runs medium sized value retail stores selling apparel, general merchandise and groceries, mainly in tier II and tier III cities. Its total income was Rs 281.95 crore in FY2012.
Stock price
V-Mart Retail is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 01 Feb 2013
- Close 05 Feb 2013
- Allotment 14 Feb 2013
- Refund/credit TBA
- Listing 20 Feb 2013
Issue summary
The terms of the offer, as filed.
| IPO Dates | 1 to 5 Feb, 2013 |
|---|---|
| Price Band | ₹195 – ₹215 |
| Face Value | ₹10 |
| Lot Size | 66 Shares |
| Issue Size | ₹94.42 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 13,860 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 66 shares at the ₹210 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 66 | ₹13,860 |
| Retail (max) | 14 | 924 | ₹1,94,040 |
| S-HNI (min) | 15 | 990 | ₹2,07,900 |
| S-HNI (max) | 72 | 4,752 | ₹9,97,920 |
| B-HNI (min) | 73 | 4,818 | ₹10,11,780 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 144.16 crore in FY2010 to Rs 281.95 crore in FY2012.
- 02Profit after tax rose from Rs 2.33 crore in FY2010 to Rs 11.04 crore in FY2012, and was Rs 13.08 crore in eight months to November 2012.
- 03EBITDA rose from Rs 11.85 crore in FY2010 to Rs 28.94 crore in FY2012.
- 04Rs 69.70 crore of the issue was for opening 60 new stores.
Risks · 5
- 01Profit after tax was Rs 11.04 crore on income of Rs 281.95 crore in FY2012, so margins are thin.
- 02Opening 60 stores at once carries execution and rent risk.
- 03Total borrowing was Rs 40.12 crore on 30 November 2012.
- 04Value retail is competitive, and smaller town demand is sensitive to farm incomes; stores average about 8,000 sq ft.
- 05Promoter holding fell from 69.51% before the issue to 58.83% after it.
Three years of numbers
All figures in ₹ crore, as reported in the V-Mart Retail offer document.
| Metric | 30 Nov 2012 | 31 Mar 2012 | 31 Mar 2011 | 31 Mar 2010 |
|---|---|---|---|---|
| Total Income | 250.06 | 281.95 | 214.80 | 144.16 |
| Profit After Tax | 13.08 | 11.04 | 6.27 | 2.33 |
| EBITDA | 28.47 | 28.94 | 19.40 | 11.85 |
| NET Worth | 67.72 | 54.65 | 43.95 | 37.54 |
| Reserves and Surplus | 53.77 | - | - | - |
| Total Borrowing | 40.12 | 40.00 | 37.75 | 28.40 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the V-Mart Retail RHP.
Where the money goes
₹84.09 Cr of the issue is earmarked to named objects.
V-Mart Retail IPO Anchor Investors
2 anchor investors across 2 fund houses committed ₹14.16 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| IDFC Premier Equity Fund | Bandhan Mutual Fund | 436,304 | 9.16 | 64.70% |
| Morgan Stanley Mutual Fund A/C Morgan Stanley A.c.e. Fund | Morgan Stanley | 238,096 | 5.00 | 35.30% |
| Total anchor allocation | 14.16 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its family stores sell apparel, general merchandise and groceries under its Kirana Bazar format.
Its stores are in metro, tier I, tier II and tier III cities, mostly standalone stores on high streets and shopping hubs, with an average size of about 8,000 sq ft. It follows a value retailing model.
The IPO was Rs 94.42 crore, with Rs 57.98 crore of fresh issue and Rs 36.44 crore of offer for sale by Naman Finance, at Rs 210, within the Rs 195 to Rs 215 band. The fresh money was for opening 60 new stores, distribution centres and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
V-Mart Retail IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Anand Rathi Advisors Ltd
30 issues handledBest listing: Paras Defence & Space Technologies (+168.0%). Weakest: Aanjaneya Lifecare (-6.8%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of V-Mart Retail?
The current Grey Market Premium is ₹0.
What is the V-Mart Retail IPO price band?
₹195 to ₹215, on a face value of ₹10.
When is the allotment?
The basis of allotment is 14 February 2013, with listing on 20 February 2013.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
