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Supermarket chain Vishal Mega Mart is set to finalise the allotment of its initial public offering (IPO) on Monday, December 16. The company's shares are scheduled to debut on the BSE and NSE on December 18.
The IPO, which was open for subscription from December 11 to 13, received a strong response, with a total subscription of 27.28 times. The price band for the issue was set at ₹74-78 per share.
Qualified Institutional Buyers (QIBs) led the demand, subscribing 80.75 times the number of shares reserved for them. The portion reserved for non-institutional investors (NIIs) was subscribed 14.24 times, while the retail investor portion was subscribed only 2.31 times.
How to check Vishal Mega Mart IPO allotment status
Investors can check the allotment status via the BSE website or the IPO registrar, KFin Technologies.
Steps to check allotment status on the BSE Website:
1. Go to the BSE IPO allotment page.
2. Select 'Equity' as the issue type.
3. Choose 'Vishal Mega Mart' from the list.
4. Enter your application number or PAN.
5. Click ‘Search’ to view your allotment status.
Steps to check allotment status on KFin Technologies' website:
1. Visit the KFin Technologies IPO page.
2. Select 'Vishal Mega Mart' from the dropdown menu.
3. Enter your PAN, application number, or DP/Client ID.
4. Click 'Submit' to check your status.
Allotted shares will be credited to the applicants' demat accounts, and refunds will be initiated for unsuccessful bids on December 17.
Vishal Mega Mart IPO highlights
Before the IPO opened for public subscription, Vishal Mega Mart raised ₹2,400 crore from anchor investors. The ₹8,000 crore IPO was an entirely Offer for Sale (OFS) of equity shares.
About Vishal Mega Mart
Established in 2001, Vishal Mega Mart operates 645 stores across 414 cities in India as of September 2024. The Gurugram-based retailer caters to middle- and lower-middle-income groups, offering a mix of private-label products and third-party brands in categories like groceries, apparel, kitchen appliances, and home furnishings.
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The IPO, which was open for subscription from December 11 to 13, received a strong response, with a total subscription of 27.28 times. The price band for the issue was set at ₹74-78 per share.
Qualified Institutional Buyers (QIBs) led the demand, subscribing 80.75 times the number of shares reserved for them. The portion reserved for non-institutional investors (NIIs) was subscribed 14.24 times, while the retail investor portion was subscribed only 2.31 times.
How to check Vishal Mega Mart IPO allotment status
Investors can check the allotment status via the BSE website or the IPO registrar, KFin Technologies.
Steps to check allotment status on the BSE Website:
1. Go to the BSE IPO allotment page.
2. Select 'Equity' as the issue type.
3. Choose 'Vishal Mega Mart' from the list.
4. Enter your application number or PAN.
5. Click ‘Search’ to view your allotment status.
Steps to check allotment status on KFin Technologies' website:
1. Visit the KFin Technologies IPO page.
2. Select 'Vishal Mega Mart' from the dropdown menu.
3. Enter your PAN, application number, or DP/Client ID.
4. Click 'Submit' to check your status.
Allotted shares will be credited to the applicants' demat accounts, and refunds will be initiated for unsuccessful bids on December 17.
Vishal Mega Mart IPO highlights
Before the IPO opened for public subscription, Vishal Mega Mart raised ₹2,400 crore from anchor investors. The ₹8,000 crore IPO was an entirely Offer for Sale (OFS) of equity shares.
About Vishal Mega Mart
Established in 2001, Vishal Mega Mart operates 645 stores across 414 cities in India as of September 2024. The Gurugram-based retailer caters to middle- and lower-middle-income groups, offering a mix of private-label products and third-party brands in categories like groceries, apparel, kitchen appliances, and home furnishings.
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