Day 3 of Vishal Mega Mart IPO, All Details here
The initial public offering (IPO) of Vishal Mega Mart received decent response from investors on the final day of its subscription. As of 12:40 pm, the retail chain was subscribed 4.44 times. Of 71.79 crore shares on offer, the company received bids for 318.86 crore shares.
Day 3 of Vishal Mega Mart IPO, All Details here
The initial public offering (IPO) of Vishal Mega Mart received decent response from investors on the final day of its subscription. As of 12:40 pm, the retail chain was subscribed 4.44 times. Of 71.79 crore shares on offer, the company received bids for 318.86 crore shares.
While retail investors subscribed the quota by 1.74 times, non-institutional investors and qualified institutional buyers (QIBs) booked by 8.69 times and 5.97 times respectively.
The price band of the IPO has been fixed between ₹74 and ₹78 apiece. The issue is entirely an offer for sale (OFS) totalling ₹8,000 crore from Samayat Services LLP, the promoter of Vishal Mega Mart. It holds 96.46% stake in the company.
Operating close to 626 stores in the country, Vishal Mega Mart is one of the leading retail chains in India that offers a wide range of products ranging across apparel, general merchandise, and FMCG among many.
