Vishal Mega Mart IPO: Vishal Mega Mart, which competes with Reliance Retail, D Mart and other supermarkets, is going to launch its IPO, the size of its IPO is Rs 8 thousand crores. The IPO of Vishal Mega Mart will open on 11th December, whose closing date is 13th December.
If you want to earn more profit in less investment then Vishal Mega Mart’s IPO can be the best option for you. Recently the price band of IPO has been revealed by Vishal Mega Mart. About which we are telling here.
626 stores across the country
Vishal Mega Mart has 626 stores across the country, along with this the company also has a mobile app and website. Through which orders can be placed. According to Redseer report, the size of the retail market in India is Rs 68 to 72 lakh crore by 2023, which can reach Rs 104 to 112 lakh crore by 2028.
Will get one share in 74-78
Kedra Capital-backed Vishal Mega Mart on Friday said it has set a price range of Rs 74-78 per equity share for its Rs 8,000 crore initial share sale, which will hit the capital markets on December 11.
The initial public offering (IPO) will close on December 13. Bidding for anchor investors will open for one day on December 10. This has been revealed from the Red Herring Prospectus (RHP).
According to UDRHP, the proposed IPO is entirely an offer for sale (OFS) of shares by promoter Kedaara Capital led Samayat Services LLP. Since the IPO is completely OFS, the company will not receive any funds from this issue.
What sells the most here?
Vishal Mega Mart has the highest sales of clothes and groceries. Here you get everything you need. This super market competes with Reliance Retail, Tata Group’s Trent and grocery retail Avenue Supermarts. The company had submitted its draft paper to SEBI in July itself and SEBI gave it approval on 25 September. Since then the company was looking for an anchor investor and has now revealed the date of IPO.