Vishal Mega Mart IPO opens today, Vishal Mega Mart IPO GMP Live Updates: Vishal Mega Mart’s ₹8,000-crore initial public offering (IPO) opens today at a price band of ₹74-78 per share, closing on December 13. The IPO is a 100% Offer For Sale (OFS) by promoter Samayat Services LLP, which currently holds a 96.55% stake. As an OFS, no proceeds will go to the company. The issue reserves 50% for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs). Ahead of the IPO, Vishal Mega Mart raised ₹2,400 crore from marquee anchor investors, including global funds such as JP Morgan, BlackRock, and Government Pension Fund Global, alongside domestic institutions like SBI MF, HDFC MF, and Kotak Mahindra AMC. With 626 stores across India and a strong digital presence, the supermart reported a net profit of ₹254 crore on revenue of ₹5,032.5 crore for the six months ending September 2024. Leading managers include Kotak Mahindra Capital, ICICI Securities, and Morgan Stanley India.
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Vishal Mega Mart IPO Live Updates: Vishal Mega Mart launches ₹8,000-crore IPO today: Key details
