Vishal Mega Mart IPO
Vishal Mega Mart IPO — date, price band, lot size & details 2024
Vishal Mega Mart listed on 18 Dec 2024 at ₹104, 33.3% above the ₹78 issue price.
Vishal Mega Mart is a one-stop retail destination for middle and lower-middle income India, selling apparel, general merchandise and FMCG through 645 stores. Its total income was Rs 8,945.13 crore in FY2024.
Stock price
Vishal Mega Mart 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 11 November.
- Open 11 Dec 2024
- Close 13 Dec 2024
- Allotment 16 Dec 2024
- Refund/credit 17 Dec 2024
- Listing 18 Dec 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 11 to 13 Dec, 2024 |
|---|---|
| Price Band | ₹74 – ₹78 |
| Face Value | ₹10 |
| Lot Size | 190 Shares |
| Issue Size | ₹8000 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,820 |
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 190 shares at the ₹78 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 190 | ₹14,820 |
| Retail (max) | 13 | 2,470 | ₹1,92,660 |
| S-HNI (min) | 14 | 2,660 | ₹2,07,480 |
| S-HNI (max) | 67 | 12,730 | ₹9,92,940 |
| B-HNI (min) | 68 | 12,920 | ₹10,07,760 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 5,653.85 crore in FY2022 to Rs 8,945.13 crore in FY2024.
- 02Profit after tax rose from Rs 202.77 crore in FY2022 to Rs 461.94 crore in FY2024.
- 03It had 645 stores across India on 30 September 2024.
- 04Borrowing fell from Rs 497.41 crore on 31 March 2022 to nil, as per the source table.
- 05Net worth was Rs 5,923.74 crore on 30 September 2024.
Risks · 5
- 01The whole Rs 8,000 crore issue was offer for sale, so no money went to the company.
- 02The P/E was 76.13 at the upper band of Rs 78, based on EPS of Rs 1.02.
- 03Value retail margins are thin, and the source puts the PAT margin at 5.18%.
- 04Its customers are price-sensitive, and competition from other value retailers and online is strong. Return on net worth was 8.18%.
- 05The promoter held 98.77% before the issue and 76.02% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Vishal Mega Mart offer document.
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 9,551.75 | 8,506.08 | 8,288.91 | 8,217.98 |
| Total Income | 5,053.42 | 8,945.13 | 7,618.89 | 5,653.85 |
| Profit After Tax | 254.14 | 461.94 | 321.27 | 202.77 |
| NET Worth | 5,923.74 | 5,646.59 | 5,180.84 | 4,849.93 |
| Reserves and Surplus | 1,390.27 | 1,113.12 | 649.50 | 321.88 |
| Total Borrowing | 133.50 | 497.41 |
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 Vishal Mega Mart RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Vishal Mega Mart IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹1.02 | ₹1.13 |
| P/E Ratio (x) | 76.13 | 69.19 |
| Market Cap at Offer Price (₹ Cr) | ₹19,434.24 | ₹17,542.41 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹78 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Vishal Mega Mart IPO will be updated shortly.
About the company
It sells own brands and third-party brands across apparel, general merchandise and fast-moving consumer goods, through a pan-India network of 645 Vishal Mega Mart stores and its app and website, as of 30 September 2024.
Its promoter is Samayat Services LLP, linked to Kedaara Capital.
The IPO was Rs 8,000 crore and was entirely an offer for sale by Samayat Services, so the company received none of the money.
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.
Vishal Mega Mart 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.
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
93 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
Jefferies India Private Limited
34 issues handledBest listing: Nazara Technologies (+80.7%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Morgan Stanley India Co. Pvt. Ltd
16 issues handledJP Morgan India Pvt. Ltd
22 issues handledBest listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).
Intensive Fiscal Services Pvt. Ltd
8 issues handledBest listing: Chemcon Speciality Chemicals (+115.0%). Weakest: Gopal Snacks (-12.5%).
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 Vishal Mega Mart?
The current Grey Market Premium is ₹18, or 23% over the issue price.
What is the Vishal Mega Mart IPO price band?
₹74 to ₹78, on a face value of ₹10.
When is the allotment?
The basis of allotment is 16 December 2024, with listing on 18 December 2024.
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.
