Date of vishal Mega Mart's IPO Allotment, Current GMP: On monday, december 16, the vishal Mega Mart IPO allocation will be finalised. After that, on Wednesday, december 18, the listing will occur on the BSE and NSE. A respectable listing is shown by the most recent GMP, which is currently 24.36 percent.A total of 28.75 subscriptions were made to vishal Mega Mart Ltd.'s first public offering, which was open for subscription from december 11 to december 13. Overall, the retail sector obtained 2.43 times as many subscriptions as the NII (non-institutional investors) segment, which garnered 15.01 times as many. Its qualified institutional buyer (QIB) category has received 85.11 subscriptions.The IPO's price range was set at Rs 74 to Rs 78 per share.
On Wednesday, december 18, vishal Mega Mart Ltd.'s shares are expected to go public on the BSE and NSE.
On monday night, the IPO allocation will be finalised. Investors will receive a bank debit message upon allocation. Additionally, they can check the IPO allotment status on the registrar Kfin Technologies' webpage and the BSE and NSE websites.Today's vishal Mega Mart IPO GMP
Market watchers claim that unlisted shares of vishal Mega Mart Ltd. are now selling on the grey market for Rs 97 a share, which is Rs 19 or 24.36% more than the Rs 78 IPO issue price. It suggests a respectable december 18 listing.
The grey market premium, which was 20.51 percent on the first day of the IPO, is lower than the 24.36 percent GMP.
The GMP fluctuates and is reliant on market mood. Investors' willingness to pay more than the issue price is shown by the "grey market premium."How Can I Check My Online Allotment Status for vishal Mega Mart's IPO?
Investors can use the following procedures to monitor the allotment status online after the IPO allotment is finalised on december 16:
1) Use the following URL to access the official BSE website: https://www.bseindia.com/investors/appli_check.aspx.
2) Choose "Equity" under "Issue Type."
3) In the Dropbox, choose "Vishal Mega Mart Ltd." under "Issue Name."
4) Type in your Permanent Account Number (PAN), often known as your application number.
5) Next, select the "Search" option after clicking the "I am not a robot" button to confirm your identity.
Your screen will display the status of your sharing application.
You can also check the vishal Mega Mart IPO allotment status by going to the direct Kfin Technologies Ltd. portal at https://ipostatus.kfintech.com/.
Details about vishal Mega Mart's IPO
With no new equity shares being issued, the IPO of the big superstore chain based in Gurugram is solely an offer-for-sale (OFS) of shares by promoter Kedaara Capital-led Samayat services LLP.
The IPO was priced between Rs 74 and Rs 78 per share.
One day prior to the IPO, vishal Mega Mart received Rs 2,400 crore from anchor investors.
Clothing, general merchandise, and fast-moving consumer goods are the three main product categories that vishal Mega Mart offers under both its own and third-party brands.It runs 626 vishal Mega Mart locations in india as of june 30, 2024, in addition to a website and mobile app.
The issue's book-running lead managers include Morgan Stanley india Company, J P Morgan india, Jefferies india, Intensive Fiscal services, ICICI Securities, and mahindra BANK' target='_blank' title='kotak mahindra-Latest Updates, Photos, Videos are a click away, CLICK NOW'>kotak mahindra Capital Company.
It runs 626 vishal Mega Mart locations in india as of june 30, 2024, in addition to a website and mobile app.
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