Vishal Mega Mart IPO: GMP, Allotment Status, Listing Date, and Key Details

Vishal Mega Mart, one of India’s largest budget retailers, recently launched its much-anticipated Initial Public Offering (IPO). Backed by strong fundamentals and investor demand, this IPO has created significant buzz in the market.

In this article, we’ll cover Vishal Mega Mart’s IPO details, Grey Market Premium (GMP), allotment status, and the expected listing date to keep investors fully informed.

Vishal Mega Mart IPO: GMP, Allotment Status, Listing Date, and Key Details

Vishal Mega Mart IPO: Key Details

Here’s a quick overview of the Vishal Mega Mart IPO:

Issue Size: ₹8,000 crore
Price Band: ₹74 to ₹78 per share
Issue Type: Book Built Issue
Lot Size: 150 shares
IPO Dates:
- Opening Date: December 11, 2024
- Closing Date: December 13, 2024
IPO Allotment Date: December 16, 2024
Listing Date: December 18, 2024
Exchange Listing: NSE and BSE

Vishal Mega Mart’s IPO was met with overwhelming demand, with a subscription rate of 28.75 times, indicating strong investor confidence.

Vishal Mega Mart IPO Allotment Status: How to Check

Investors can check the IPO allotment status online through these platforms:

1. KFin Technologies Website (Registrar)

Follow these steps:

Visit the KFinTech IPO Status page: https://kosmic.kfintech.com/ipostatus.
Select "Vishal Mega Mart Limited" from the dropdown.
Enter your details: Application Number, PAN, or Demat Account Number.
Enter the captcha code and click Submit to view the allotment status.

2. BSE Website

Steps to check allotment:

Go to BSE IPO Allotment Status.
Select "Equity" as the Issue Type.
Choose "Vishal Mega Mart Limited" from the dropdown.
Enter your Application Number or PAN.
Complete verification and click Search.

Vishal Mega Mart IPO GMP (Grey Market Premium)

The Grey Market Premium (GMP) indicates the unofficial premium at which the IPO shares are trading before listing. It reflects investor sentiment and potential listing gains.

Vishal Mega Mart GMP Today

As of December 17, 2024, the Vishal Mega Mart IPO is trading at a GMP of ₹20.

Expected Listing Price: ₹98 per share (based on the upper issue price of ₹78 + GMP of ₹20).
This represents a premium of approximately 25.64% over the issue price.

Note: GMP values fluctuate daily based on market demand and sentiment. Investors should consider GMP as an indicator and not a guarantee of listing price.

Vishal Mega Mart IPO Listing Date and Expectations

Listing Date: December 18, 2024
Stock Exchanges: National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Expected Listing Price: With the current GMP of ₹20, analysts anticipate Vishal Mega Mart’s shares to list around ₹98 per share.

Given the IPO’s oversubscription and strong GMP, Vishal Mega Mart is expected to debut on a positive note.

Why is Vishal Mega Mart IPO Popular?

1. Strong Brand Presence

Vishal Mega Mart is a well-established name in India’s retail sector, known for offering affordable products across categories like groceries, apparel, and home essentials.

2. Expansion Potential

The company has an extensive network of stores across tier 2 and tier 3 cities, with plans to expand further, capturing India’s growing consumer base.

3. Financial Strength

Vishal Mega Mart has demonstrated steady revenue growth and profitability, making it an attractive investment option for both retail and institutional investors.

4. Retail Sector Growth

India’s retail market is booming, driven by increasing demand for affordable shopping solutions. Vishal Mega Mart is well-positioned to capitalize on this trend.

How to Check IPO Allotment Status Online

Here’s a quick guide:

KFin Technologies: Use the registrar’s website and enter your details to view allotment status.
BSE India: Access the official BSE allotment page and check your application details.
Demat Account Notifications: Allotment details are often shared via registered email or SMS.

FAQs About Vishal Mega Mart IPO

1. What is the price band for Vishal Mega Mart IPO?

The price band is set between ₹74 and ₹78 per share.

2. What is the GMP for Vishal Mega Mart IPO today?

As of December 17, 2024, the GMP is approximately ₹20.

3. When will Vishal Mega Mart IPO be listed?

The listing date is December 18, 2024 on NSE and BSE.

4. How can I check my IPO allotment status?

You can check through KFin Technologies or BSE India’s IPO status portal using your application number, PAN, or Demat account.

5. What is the expected listing price of Vishal Mega Mart shares?

Based on the GMP, the shares are expected to list around ₹98, reflecting a 25.64% premium.

Conclusion

The Vishal Mega Mart IPO has generated strong interest, backed by its solid business model and growing presence in India’s retail sector. With an impressive GMP and high subscription numbers, the stock is expected to deliver listing gains.

For investors looking for a mix of growth and stability in the retail market, Vishal Mega Mart’s IPO offers a promising opportunity. Stay updated on the allotment status and listing day performance for the latest developments.

Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice.

Vishal Mega Mart IPO: GMP, Allotment Status, Listing Date, and Key Details