Vishal Mega Mart, the hypermarket chain, is preparing to launch its IPO, which will be open for subscription from December 11 to December 13, 2024. The IPO price band has been set at ₹74 to ₹78 per share, with a minimum lot size of 190 shares. Retail investors will need to invest a minimum of ₹14,820.
The Vishal Mega Mart IPO is a book-built offering worth ₹8,000 crore, with 102.56 crore shares being offered for sale.
Before deciding to subscribe to Vishal Mega Mart IPO, it’s important to go through the company’s key financials to better understand its performance and growth potential.
| Particulars | For the six months period ended September 30, 2024 | Financial Year ended March 31, 2024 | Financial Year ended March 31, 2023 |
| Revenue from operations (₹ in millions) | 50,325.13 | 75,860.37 | 55,885.15 |
| Net worth (₹ in millions) | 59,237.40 | 51,808.38 | 48,499.33 |
| Profit for the year (₹ in millions) | 2,541.37 | 3,212.73 | 2,027.70 |
| EBITDA (₹ in millions) | 6,680.34 | 10,205.21 | 8,036.85 |
| EBITDA margin (%) | 13.27 | 13.45 | 14.38 |
| Net cash flow from operating activities (₹ in millions) | 9,918.37 | 6,355.34 | 6,570.97 |
| Total borrowings (₹ in millions) | – | 1,334.96 | 4,974.14 |
For the six-month period ended September 30, 2024, the company operated 645 stores. This was an increase from 557 stores in the financial year ended March 31, 2024, and 501 stores in the financial year ended March 31, 2023.
The company has a diverse and expanding portfolio of proprietary brands across various product categories, including apparel, general merchandise, and fast-moving consumer goods (FMCG). In apparel, the company offers its own brands for men, women, children, and infants. In general merchandise, the portfolio includes brands for household items, home furnishings, travel accessories, kitchen appliances, utensils, crockery, footwear, and lifestyle products. The FMCG category features its own brands for food, non-food items, and staples.
During FY 2024, 19 of the company’s own brands achieved sales exceeding ₹1,000 million each, with 6 brands surpassing ₹5,000 million each.
For the six-month period ending September 30, 2024, and for the financial years 2024, 2023, and 2022, revenue from sales of own brands contributed 72.86%, 71.81%, 70.50%, and 70.20% of total revenue, amounting to ₹36,665.57 million, ₹63,993.42 million, ₹53,479.79 million, and ₹39,228.81 million, respectively. The revenue from own brand sales grew at a compound annual growth rate (CAGR) of 27.72% from financial years 2022 to 2024.
Vishal Mega Mart offers a wide range of merchandise through our portfolio of both own and third-party brands, catering to the aspirational and daily needs of consumers. The product offerings span across 3 key categories: apparel, general merchandise, and fast-moving consumer goods. These are available through their nationwide network of 645 Vishal Mega Mart stores (as of September 30, 2024), as well as their Vishal Mega Mart mobile app and website.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
