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<br>Vishal Mega Mart IPO opens on 11 December 2024. Discover IPO details including listing price, size, GMP, allotment status, key dates, and financial overview
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Vishal Mega Mart IPO: Price, Date, Overview & GMP The Vishal Mega Mart IPO, a Mainboard IPO with a book-built issue size of ₹8,000 crore, is scheduled from December 11-13, 2024. Founded in 2018, Vishal Mega Mart operates 645 stores across 414 cities in 28 states and 2 union territories, catering primarily to middle- and lower-income groups. The IPO share price is set at ₹74-₹78, and it will be listed on BSE and NSE on December 18, 2024. Business Model Vishal Mega Mart adopts an asset-light model, leasing its distribution centers and sourcing products from third-party vendors. Its diverse o?erings include apparel, FMCG products, electronics, and home essentials under proprietary and external brands. Financials The company’s revenue grew 17.41%, and PAT surged by 43.78% from FY2023 to FY2024. For FY2024, the company reported: Total Revenue: ₹8,945.13 Cr PAT: ₹461.94 Cr Net Worth: ₹5,923.74 Cr Strengths
Pan-India presence with a loyal customer base. Asset-light model enabling cost e?ciency. Strong revenue and profit growth. Weaknesses Dependency on third-party vendors. Potential risks in vendor contracts and supply chain disruptions. IPO Details Lot Size: 190 shares (₹14,820 minimum investment). Lead Managers: Kotak Mahindra, ICICI Securities, Je?eries, and more. Reservation: QIB (50%), Retail (35%), NII (15%). Conclusion Vishal Mega Mart's IPO is an opportunity for investors seeking growth potential in the retail sector. While its financials and extensive network are strengths, reliance on third-party vendors poses risks. Investors should assess market conditions before investing.