Vishal Mega Mart IPO: Subscription, Allotment, and Listing Insights
The allotment status of Vishal Mega Mart IPO is finalized now, and investors are interested in this IPO. IPO subscribers can view their allotment details from the BSE website, the NSE trading platform, and the IPO registrar, Kfin Technologies. The public issue will be listed on Wednesday, December 18, 2024, to abide by the ‘T+3’ listing policy.
Vishal Mega Mart IPO Allotment Process
The IPO allotment process facilitates investors’ checking the status of their application via the Internet. Successful eligible allottees will find credited shares in their demat accounts, and unsuccessful bidders will get their refunds by Tuesday, December 17, 2024. To track their share allocation, the investor can visit the BSE site or Kfin Technologies portal using their PAN number, application number, or demat details.
The BSE IPO status check is done by accessing the BSE link, choosing the option ‘Equity’ under Issue Type, and choosing ‘Vishal Mega Mart Limited’ in the drop-down list. In the Kfin Technologies portal, investors must choose the IPO’s name and provide their application or demat details to check the status.
The last portion ensures that the shares are distributed more transparently, as the authorities credit the shares to the deserving applicants before the actual listing takes place.
Vishal Mega Mart IPO Subscription and Demand
The Vishal Mega Mart IPO received an excellent reaction from investors, reflecting a good demand for the IPO across the categories. Additionally, the public issue was oversubscribed, with 27.28 subscriptions. The qualified institutional buyers (QIBs) showed preference and subscribed to their portion 80.75 times. Further, Non-Institutional Investors (NII) subscribed 14.24 times, and the retail investor category subscribed 2.31 times.
The IPO opened on December 11 and closed on December 13, 2024, and had a price band of ₹74 to ₹78 per share. The company was able to mobilize ₹8,000 crore through the Offer for Sale (OFS) of 102.56 crore equity shares. The issue’s major book-running lead managers are Kotak Mahindra Capital, ICICI Securities, Jefferies India, and Morgan Stanley India, with Kfin Technologies as the registrar.
Grey Market Premium and Listing Expectations
The grey market premium (GMP) of Vishal Mega Mart shares reveals a positive listing trend for its shares. Presently, the IPO is available at a GMP of ₹19 per share, giving an indicative listing price of ₹97 per share. This premium is about 24.36% to the IPO price of ₹78.
The GMP for a bullish stock indicates that investors expect good performance on the day of listing. Plans are also underway to list shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
