Vishal Mega Mart IPO received 51 percent subscription on the first day of bidding on December 11. The initial public offer by the supermarket chain received bids for 38.58 crore shares against 75.67 crore shares on offer, according to the NSE data.
The retail individual investors' category led the share sale with 53 percent subscription, while non-institutional investors' quota fetched 1.11 times subscription.
Vishal Mega Mart shares will be listed on both NSE and BSE next week on December 18, while the allotment of shares is likely to take place on December 16.
Vishal Mega Mart IPO: Can this value focused retailer create wealth for investors?
Earlier, it mobilised Rs 2,400 crore from anchor investors. Those who were allotted shares in the anchor round included SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd, Axis Mutual Fund (MF), HDFC MF and ICICI Prudential MF, according to a circular uploaded on BSE's website.
The Rs 8,000-crore initial public offering (IPO) of Vishal Mega Mart opens for subscription on December 11 and will conclude on December 13. Shares are available in the price range of Rs 74 to Rs 78 apiece.
The proposed IPO is entirely an offer-for-sale (OFS) of shares by promoter Kedaara Capital-led Samayat Services LLP, Samayat Services LLP, with no fresh issue of equity shares.
At present, Samayat Services LLP holds 96.55 per cent stake in the Gurugram-based supermart major.
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