Subscribe for Vishal Mega Mart Ltd IPO; KR Choksey

KR Choksey, Vishal Mega Mart Ltd

Vishal Mega Mart is an Indian retail company catering to the middle and lower-middle-income consumers across the country. The company aims to provide a one-stop shopping experience with a focus on variety, affordability, quality, and convenience. The company leases almost all its stores and distribution centers, minimizing upfront capital investment and allowing for flexibility in expansion. As of September 30, 2024, the company operates a network of 645 Vishal Mega Mart stores strategically located across India, with a particular focus on Tier 2 cities and beyond. In addition to its physical stores, the company has developed an online presence through its website and mobile application.

Valuation and Outlook

Vishal Mega Mart presents an attractive opportunity for long-term investors seeking to benefit from India's expanding organized retail market. Hence, we assign a “SUBSCRIBE” rating to the IPO.