Vishal Mega Mart Share Allotment and Latest GMP : The share allotment in the IPO of supermart company Vishal Mega Mart can be finalized today on 16 December 2024. Investors who have bid in the IPO will have to wait for share allotment. This IPO has received a good response from investors and has been subscribed about 29 times overall. At the same time, its gray market premium is indicating that it will be listed at a price 26 percent higher than its IPO price. If you have applied, you can check the allotment status from the website of BSE and Registrar. The listing of the stock will take place on BSE and NSE on October 18.
Vishal Mega Mart IPO: Bumper response from investors
Vishal Mega Mart’s IPO has been subscribed 28.75 times overall. In the IPO, 35 percent share was reserved for retail investors and it was filled 2.43 times overall. 15 percent of the IPO was reserved for non-institutional investors (NII) and it was subscribed 15.01 times overall. Whereas 50 percent of the share was reserved for Qualified Institutional Buyers (QIB) and it was filled 85.11 times overall.
Vishal Mega Mart IPO GMP
There is a craze in the gray market regarding the IPO of One MobiKwik Systems Limited. The unlisted stock of the company is trading at a premium of Rs 20 in the gray market. In terms of upper price band Rs 78, this premium is 26 percent. This premium is indicating that the company’s stock may be listed at Rs 98 compared to its issue price of Rs 78. Those who bid in the IPO will be allotted shares today, on December 16, 2024, while the company’s shares will be listed in the stock market on December 18.
Share allotment status check: From BSE website
For this, first you have to go to BSE website.
Link: bseindia.com/investors/appli_check.aspx
After that the equity box has to be checked.
Then you have to enter the name of the issue Vishal Mega Mart in the dropdown.
After that you have to type your application number in the box.
After that you will have to provide information about your PAN number.
Finally you will have to click on the search button, after which complete information will appear.
Share allotment status check: From Registrar’s website
KFin Technologies Limited is the registrar of this issue. For this IPO you have to visit the registrar’s website.
For this IPO you will have to visit the registrar’s website.
Link: https://kosmic.kfintech.com/ipostatus
Type the company name Vishal Mega Mart in the dropdown.
After this enter PAN number, application number or depository/client ID in the box.
Then enter the captcha and click on the search button. Then you will know your status.
Vishal Mega Mart: What is the strength of the company?
• Providing service to a large and growing section of the Indian population.
• Due to consumer-centric approach, a large and loyal consumer base has been created
• Diverse and rapidly growing portfolio of own brands across product categories
• Pan India presence with a track record of consistent store growth
• Technology enabled and system driven operations
• Professional and experienced management team
• Track record of delivering revenue, profit growth and capital efficiency
Vishal Mega Mart: Risks and concerns
• General slowdown in global economic activity
• Dependence on third party vendors to manufacture products sold in your stores
• Changing consumer preferences.
• Revenue concentration from stores in Uttar Pradesh, Karnataka and Assam.
• Risks associated with leasing real estate for its operations.
• Increasing competition in the sector
(Source: Brokerage house Choice Broking)
about the company
Vishal Mega Mart, which offers products across apparel, general merchandise and FMCG categories through its 626 stores and Vishal Mega Mart mobile application and website. Vishal Mega Mart competes in the market with Mukesh Ambani’s Reliance Retail, Tata Group’s Trent and grocery retailer Avenue Supermarts. The retailer’s financial performance has been strong in recent years. The company’s profit for the financial year ending March 2024 has increased by about 44 percent on an annual basis to Rs 461.9 crore. Whereas the revenue increased by 17.5 percent to Rs 8911.9 crore as compared to the last financial year.
(Disclaimer: The view or advice on the share is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)