IPO Details
Bidding Dates
10 Dec '24 - 12 Dec '24
Minimum Investment
₹14,820 / 1 Lot (190 Shares)
Price Range
₹74 - ₹78
Maximum Investment
₹1,92,660 / 13 Lot (2,470 Shares)
Retail Discount
Not Applicable
Issue Size
₹8,000.00 cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible Employees |Vishal Mega Mart IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Dec 10, 2024
IPO Closing Date
Dec 12, 2024
Basis of Allotment
Dec 15, 2024
Initiation of Refunds
Dec 16, 2024
Listing Date
Dec 17, 2024
About Vishal Mega Mart IPO
Vishal Mega Mart IPO is a ₹8,000 crore book-built issue entirely comprising an offer for sale of 102.56 crore shares. Vishal Mega Mart IPO is open for subscription from December 11, 2024 to December 13,2024, with allotment expected to be finalised on December 16, 2024. The shares are set to list on the BSE and NSE on December 18, 2024.
The price band for Vishal Mega Mart IPO issue is fixed at ₹74 to ₹78 per share. Retail investors can apply with a minimum lot size of 190 shares, requiring an investment of at least ₹14,820. Small Non-Institutional Investors (sNII) need to invest ₹2,07,480 for 14 lots (2,660 shares), while large Non-Institutional Investors (bNII) must apply for a minimum of 68 lots (12,920 shares) amounting to ₹10,07,760.
The issue is managed by Kotak Mahindra Capital, ICICI Securities, Jefferies, J.P. Morgan, Morgan Stanley, and others, with Kfin Technologies serving as registrar.
Industry Outlook
- The Indian tyre market, valued at $13.11 billion in FY2023, is projected to reach $25.50 billion by FY2031, growing at an 8.71% CAGR.
- Over 16,000 luxury vehicles were sold in India in H1 2022, marking a 55% increase from 2021, boosting demand for premium tyres.
Vishal Mega Mart IPO Objectives
The company will not receive any proceeds from the sale. All proceeds after deducting offer-related expenses and taxes, will go to the promoter selling shareholder.
About Vishal Mega Mart Limited
Vishal Mega Mart, established in 2001, is a prominent hypermarket chain in India, catering to middle and lower-middle-income customers. The company offers a wide range of products, including apparel, groceries, electronics, and home essentials. As of September 30, 2024, it operates 645 stores across 414 cities in 28 states and two union territories. In addition to its physical stores, Vishal Mega Mart serves customers through its mobile app and website, enhancing accessibility and convenience.
The company follows an asset-light business model, leasing all its stores and distribution centres. Products are manufactured by third-party vendors or sourced from established third-party brands, ensuring quality and variety. Vishal Mega Mart is ranked among India’s top two offline-first diversified retailers, demonstrating its market strength and widespread reach.
Vishal Mega Mart's portfolio includes its own brands across various categories. In apparel, it features Classics, Fashion, Denim, and Ethnic lines. In general merchandise, it offers Tandem Home Appliances, Home Select, and Home Finery. Its FMCG offerings include Savoury Products, Staples, and Home Care, catering to diverse consumer needs.
The company has a robust local delivery service with 6.77 million registered users as of September 30, 2024, available in 600 stores across 391 cities. It employs 16,537 staff members, underscoring its significant contribution to employment and economic growth.
How To Check the Allotment Status of the Vishal Mega Mart IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Vishal Mega Mart IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Vishal Mega Mart IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Vishal Mega Mart IPO
Registered office: Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016 Haryana, India
Phone: +91 124 - 4980000
E-mail: secretarial@vishalwholesale.co.in
Vishal Mega Mart IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares Offered |
30,76,92,307 (30%) |
|
QIB Shares Offered |
20,51,28,206 (20%) |
|
NII (HNI) Shares Offered |
15,38,46,154 (15%) |
|
bNII > ₹10L |
10,25,64,103 (10%) |
|
sNII < ₹10L |
5,12,82,051 (5%) |
|
Retail Shares Offered |
35,89,74,359 (35%) |
Vishal Mega Mart IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
190 |
₹14,820 |
|
Retail (Max) |
13 |
2470 |
₹192,660 |
|
S-HNI (Min) |
14 |
2,660 |
₹207,480 |
|
S-HNI (Max) |
67 |
12,730 |
₹992,940 |
|
B-HNI (Min) |
68 |
12,920 |
₹1,007,760 |
Vishal Mega Mart IPO Promoter Holding
The promoters of the company are Samayat Services LLP and Kedaara Capital Fund II LLP.
|
Share Holding Pre-Issue |
96.46% |
|
Share Holding Post Issue |
76.02% |
Key Performance Indicators for Vishal Mega Mart IPO
As of September 30, 2024, the market capitalisation of Vishal Mega Mart stands at ₹35,168.01 crore. Here are the KPIs of Vishal Mega Mart as of September 30, 2024.
|
KPI |
Value |
|
ROCE (%) |
68.76% |
|
RoNW (%) |
8.18% |
|
P/BV |
6.23 |
|
PAT Margin (%) |
5.18% |
Vishal Mega Mart IPO Prospectus
Vishal Mega Mart IPO Registrar and Lead Managers
Vishal Mega Mart IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
- Intensive Fiscal Services Private Limited
- Jefferies India Private Limited
- J.P. Morgan India Private Limited
- Morgan Stanley India Company Pvt Ltd
Registrar for Vishal Mega Mart IPO
Kfin Technologies Limited
- Contact Number: 04067162222, 04079611000
- Email Address: vmm.ipo@kfintech.com
Website: Vishal Mega Mart IPO Registrar
Financial Performance of Vishal Mega Mart Limited
| Particulars | For the 6 months period ended September 30, 2024 | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|---|
| Revenue from Operation (in ₹ million) | 50,325.13 89,119.46 75,860.37 55,885.15 | 89,119.46 | 75,860.37 | 55,885.15 |
| Profit After Tax (PAT) (in ₹ million) | 2,541.37 | 4,619.35 | 3,212.73 | 2,027.70 |
| Total Borrowings (in ₹ million) | - | - | 1,334.96 | 4,974.14 |
| Net Worth (in ₹ million) | 59,237.40 | 56,465.92 | 51,808.38 | 48,499.33 |
| Retail Space (sq. ft. million) | 11.49 | 11.01 | 10.18 | 9.14 |
| Revenue contribution of own brands (₹ in million) | 36,665.57 | 63,993.42 | 53,479.79 | 39,228.81 |
| Return on Capital Employed (%) | 29.77% | 68.76% | 75.80% | 56.43% |
| Return on Net Worth (%) | 4.29% | 8.18% | 6.20% | 4.18% |
| Inventory days (No. of days) | 60 | 61 | 65 | 71 |
| Earning Per Share (EPS)-in absolute ₹ | 0.56 | 1.02 | 0.71 | 0.45 |
Know before investing
Strengths
10-
Serves 945 million individuals across 414 cities and 28 states.
-
Targets rapidly growing middle-income sector, expanded to 225 million households.
-
Ranked top two in offline-first diversified retailers in India.
-
Extensive digital and physical presence enhances consumer accessibility.
-
Diverse product portfolio meets wide-ranging consumer needs.
-
Own brands record sales over ₹1,000 million for 19 brands.
-
Revenue from operations grew at 27.72% CAGR from FY 2022-2024.
-
Implemented stringent quality controls across extensive vendor network.
-
Direct hyper-local delivery service reaches 6.77 million registered users.
-
Operates 645 stores nationwide, expanding urban and rural footprint.
Risks
14-
Relies on 781 vendors for diverse, high-quality product sourcing.
-
Purchased goods worth ₹1,672.77 million from top three vendors.
-
Controls manufacturing standards rigorously, ensuring product quality and consistency.
-
Engaged in robust quality checks and vendor diligence processes.
-
Operates an expansive network of 645 stores across India.
-
Digital expansion with 6.77 million registered users for direct delivery.
-
Owns multiple successful brands across apparel, FMCG, and general merchandise.
-
Achieved significant revenue growth with a CAGR of 27.72%.
-
Operates in the lucrative aspirational retail market worth ₹72 trillion.
-
Ranked among India's top two offline-first diversified retailers.
-
Leverages an asset-light model by leasing stores and centers.
-
Directly delivers to 600 stores, enhancing customer reach and satisfaction.
-
It employs 16,537 people, demonstrating significant employment and operational scale.
-
Hosts a variety of products, targeting mid to lower income segments.
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Vishal Mega Mart Limited Peer Details Comparison
| Company Name | EPS (Basic) | NAV (Per Share) (₹) | P/E (x) | RoNW (%) |
|---|---|---|---|---|
| Vishal Mega Mart Limited | 1.02 | 12.53 | 8.18 | - |
| Avenue Supermarts Limited | 38.99 | 287.47 | 98.23 | 13.56 |
| Trent Limited | 41.82 | 104.59 | 163.59 | 39.99 |
Vishal Mega Mart IPO FAQs
Vishal Mega Mart IPO is a book-built issue IPO. It will be open from December 11, 2024, to December 13, 2024.
The Basis of Allotment will happen on Monday, December 13, 2024.
The IPO subscription window will open on December 11, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 190 shares.
The listing date for Vishal Mega Mart Limited is Wednesday, December 18, 2024.
The issue size of the Vishal Mega Mart IPO is up to ₹8,000.00 crore, with a complete offer for sale of ₹8,000.00 crore.
The open and close dates for Vishal Mega Mart IPO are from December 11, 2024 to December 13, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
1. Multiple Submissions: Use different Demat accounts to make multiple applications.
2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Vishal Mega Mart’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Vishal Mega Mart IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
Vishal Mega Mart Limited IPO is proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
