Vishal Mega Mart IPO Day 3 Live Updates: Vishal Mega Mart IPO has seen a subscription rate of 27.28 times by the third day of its offering, as of 17:27 IST, according to BSE data. 

On the third day of bidding, the IPO was primarily driven by Qualified Institutional Buyers, with Non Institutional Investors following suit. Although retail investors were fully subscribed, their participation was not exceptional.

The segment allocated for retail investors registered a subscription of 2.31 times, while the quota meant for non-institutional investors was subscribed 14.25 times. The portion reserved for qualified institutional buyers (QIBs) has been filled 80.75 times.

The initial share offering of supermarket chain Vishal Mega Mart, valued at ₹8,000 crore, achieved full subscription on the second day of bidding on Thursday, concluding with a subscription rate of 1.54 times. The segment allocated for non-institutional investors (NIIs) saw a subscription rate of 3.84 times, while Retail Individual Investors (RIIs) subscribed at 1.16 times. The portion designated for QIBs received a subscription of 48 percent. 

On the first day of bidding, the subscription status for the Vishal Mega Mart IPO was at 51%, according to BSE data. Although the IPO embarked on its journey in a dynamic market, the allocation for NIIs was fully subscribed. On Tuesday, Vishal Mega Mart announced that it raised ₹2,400 crore from anchor investors.

Vishal Mega Mart IPO price band has been established between ₹74 and ₹78 per equity share. The IPO consists entirely of an offer for sale (OFS) amounting to ₹8,000 crore from Samayat Services LLP, the promoter that holds a 96.46 percent stake in Vishal Mega Mart. If the shares are priced at the upper limit of ₹78, the company is projected to have a market valuation of approximately ₹36,120 crore.

Launched in 2018, Vishal Mega Mart functions as a hypermarket chain offering a diverse array of products, including clothing, foodstuffs, electronics, and household items.