Vishal Mega Mart Share Price Jumps 4.15% on Listing Day

The hypermarket chain, Vishal Mega Mart IPO opened for subscription on December 11, 2024 and ended on December 13, 2024.

Vishal Mega Mart IPO price band was set at ₹74 to ₹78 per share. It was a book-built issue of ₹8,000.00 crore. The issue is entirely an offer for sale of 102.56 crore shares.

As of Day 3, December 13, 2024, 6:19 PM, Vishal Mega Mart IPO was subscribed 28.75 times. QIBs subscribed 85.11x, NIIs subscribed 15.01x, and retail investors subscribed 2.43x.

The share allotment was finalised on December 16, 2024, and the shares were listed on BSE and NSE on December 18, 2024.

On the listing day, on the NSE, Vishal Mega Mart share price opened at ₹104.00, up from its issue price of ₹78. At 10:54 AM, the share price was trading at ₹108.32, up by 4.15% from its opening price of ₹104.00. As of the same time, the stock touched its day’s high at ₹111.19. The company’s market cap was ₹48,838.45 crore.

On the BSE, at 10:57 AM, the share price was trading at ₹108.36, down by 1.49% from its opening price of ₹110.00 and 38.92% up from its issue price of ₹78.

About Vishal Mega Mart Limited

Vishal Mega Mart provides a wide range of merchandise through their portfolio of both own and third-party brands, catering to the aspirational and daily needs of consumers. The product offerings span across 3 key categories: apparel, general merchandise, and fast-moving consumer goods. These are available via their nationwide network of 645 Vishal Mega Mart stores (as of September 30, 2024), as well as their Vishal Mega Mart mobile app and website.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.