Vishal Mega Mart IPO: Issue sees 1.53x subscription on Day 2, NII portion booked 3.8x; check latest GMP

Vishal Mega Mart's Rs 8,000-crore IPO will conclude on December 13, while the listing of shares is proposed to take place on NSE and BSE on December 18.

Vishal Mega Mart's Rs 8,000-crore initial public offer (IPO) received 1.53 times subscription on the second day of the share sale on December 12.

The maiden share sale by supermarket chain Vishal Mega Mart received bids for 115.74 crore shares against 75.67 crore shares on offer, as per exchange data at close of second day of subscription.

The portion for non-institutional investors (NIIs) fetched 3.8 times subscription, while the category for retail individual investors (RIIs) got subscribed 1.16 percent.

The qualified institutional buyers (QIBs) part received 48 percent subscription. Earlier, it mopped up Rs 2,400-crore from anchor investors.

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The Rs 8,000-crore IPO of Vishal Mega Mart will end on December 13. Shares are available in the price range of Rs 74-78 apiece.

Shares are likely to be allotted to successful bidders on December 16, while listing is proposed to take place on both NSE and BSE on December 18 (Wednesday).

IPO GMP Today: Vishal Mega Mart vs MobiKwik vs Sai Lifesciences

Vishal Mega Mart IPO GMP Today Price

According to market observers tracking the grey market premium activities, the shares of Vishal Mega Mart are commanding a GMP of nearly 30 percent in the unregulated market. Investgorgain quoted a GMP of Rs 21 for the shares of the company, indicating a listing gain of 26.92 percent.

Vishal Mega Mart's product range includes both in-house and third-party brands, covering three key categories -- apparel, general merchandise, and fast-moving consumer goods.

As of June 30, 2024, it operates 626 Vishal Mega Mart stores across India, along with a mobile app and website.

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