Vishal Mega Mart Debut With 41% Rise

New Delhi: Shares of Vishal Mega Mart Ltd jumped 41 per cent in debut trade on Wednesday against the issue price of Rs 78. The stock listed at Rs 110, rallying 41 per cent from the issue price on the BSE.

Later, it surged 42.24 per cent to Rs 110.95. At the NSE, it listed at Rs 104, a jump of 33.33 per cent from the issue price. Vishal Mega Mart’s market valuation stood at Rs 48,644.57 crore. The Rs 8,000-crore initial public offer of Vishal Mega Mart received 27.28 times subscription on the closing day of bidding on Friday. The initial public offer (IPO) had a price range of Rs 74-78 apiece.