Vishal Mega Mart IPO day 1: GMP, subscription status, review, other details. Apply or not?

According to the declaration done by the hypermarket company, the price range of the IPO exists between Rs 74 per share price and Rs 78 per share price. The company will hence make a hopeful Rs 8,000 crore through an entire offer-for-sale (OFS). One lot of the IPO will be equal to 190 shares of the company; while multiple lots can be bid. According to market observers, the stock has been trading in the gray market, available at a premium of Rs 26.

Vishal Mega Mart IPO details

Vishal Mega Mart IPO GMP today: Vishal Mega Mart shares are trading in the grey market at a premium of Rs 26, according to market analysts.

Vishal Mega Mart IPO price band: The hypermarket chain company fixes the price band of the book build at Rs 74 to Rs 78 per equity share.

IPO date: The public issue starts today and lasts until 13 December 2024. Hence, the book build issue would be open from Wednesday to Friday.

IPO size: The company has the aim of raising Rs 8000 crore from this IPO which is fully OFS in nature.

IPO lot size: Lots are available for the bidders to apply for, and one lot for the public issue will include 190 shares.

IPO allotment date: December 14, 2024, Saturday is possibly the share allotment date. If any delay happens, the share allotment announcement is anticipated on December 16, 2024.

IPO register: The official register of this public offer is appointed by KFin Technologies Limited.

IPO lead managers: The lead managers of the public issue are Kotak Mahindra Capital Company, Intensive Fiscal Services, ICICI Securities, JP Morgan India, Jefferies India, and Morgan and Stanley India.

IPO listing date: There are plans made for listing this book build issue on the BSE and the NSE. The probable date for the listing of the Vishal Mega Mart IPO is 18 December 2024.

Vishal Mega Mart IPO: Apply or Not?

Vishal Mega Mart IPO review:

According to Vishal Mega Mart IPO news, Co-founder of Stock Market Today, said, "There has been much public interest in this INR 8,000 crore IPO by Vishal Mega Mart because of its strong standing in the markets and by its consistent performance in financials. The price band of INR 74-78 per share further sweetens the deal. In my assessment, it's reasonably priced relative to the IPO of its peers. This could be a plausible consideration for someone wanting exposure to the retail space. If the stock lists in the projected price band, its P/E will almost be about 2X that of its sector, while its peers trade at approx 3X the sector, which indicates enough scope to grow."