Supermarket chain Vishal Mega Mart Ltd is expected to finalise the IPO share allotment status on Monday, December 16, after the issue closed with a strong subscription.

The company launched the IPO on December 11 to raise ₹8,000 crore from public investors. On Friday, the last day of bidding, the issue received strong demand across investor categories. The mainboard IPO was booked 27.28 times.

According to exchange data, the IPO received bids worth ₹1.61 lakh crore (including anchor investors) against the issue size of ₹8000 crore.

The retail quota was booked 2.31 times with bids for more than 87.4 crore shares against 37.83 crore shares set aside for the category. The Non-Institutional Investors (NIIs) applied for over 231 crore shares against 16.21 crore shares reserved for them. The NIIs segment was booked 14.25 times. The Qualified Institutional Buyers (QIBs) placed bids for 1,745.85 crore shares against 21.62 crore shares allocated to them. The QIBs’ quota was booked 80.75 times.

After the finalisation of the IPO allotment status, the successful bidders will be updated about the share allocation through SMS and emails. The IPO share allotment status can also be checked on the websites of IPO registrar, BSE and NSE.

How to check Vishal Mega Mart IPO share allotment on the issue registrar's website:

Visit KfinTechnologies Ltd’s official website: https://www.kfintech.com

Go to the Products sections

Under the ‘Investors’ segment click on ‘IPO allotment status’

Click on any of the links out of 5 options

Select Vishal Mega Mart from the drop-down list for IPO names

Enter your application number, PAN, or Demat account number

Enter the captcha code and click Submit.

How to check Vishal Mega Mart IPO allotment status on BSE:

Open BSE website (https://www.bseindia.com)

Click on ‘Public Issues’

Click on ‘Check Status’ or directly visit the IPO allotment status page at https://www.bseindia.com/investors/appli_check.aspx \

Choose equity

Select Vishal Mega Mart from the list for issue names

Enter PAN details or application number

Submit to check details

Investors can also check the Vishal Mega Mart IPO allotment status on the NSE using PAN and bank account details. The investors must log in with a User ID and password to check the share allotment status.

It’s important to note that the IPO allotment details will appear only after the company completes the share allocation process.

Vishal Mega Mart IPO key details

The supermarket chain raised ₹2,400 crore from anchor investors ahead of the IPO's launch. The company allotted over 30.76 crore shares to 89 fund schemes at a price of ₹78 per share, the upper band of the IPO price.

Vishal Mega Mart, incorporated in 2001, is a leading supermarket chain. The company’s product portfolio includes apparels, groceries, electronics, general merchandise, FMCG, and kitchen and home essentials. The company also offers third-party products through its outlets. Vishal Mega Mart primarily focuses on the middle and lower-middle-income groups. Its pan-India network of stores stood at 645 as of September 2024. The company also offers products through its mobile app and website. It has a presence across 414 cities in 28 states and two Union Territories.

Here are the key details about the Vishal Mega Mart IPO:

IPO offer size: ₹8,000 crore

Vishal Mega Mart IPO is a book-building issue comprising entirely an offer-for-sale of 102.56 crore shares.

The IPO price band has been fixed at ₹74 to ₹78 per share

Lot size for retail investors is 190 shares

The minimum investment for retail investors is ₹14,820

The company will initiate refunds and transfer of shares to the demat accounts on December 17.

The IPO listing has been scheduled for December 18. Shares of Vishal Mega Mart Ltd will be listed on both the NSE and the BSE.

Use of IPO funds

As the IPO is entirely an offer-for-sale (OFS) by promoter selling shareholders, the company will not receive any funds from the IPO. The IPO proceeds will go to the selling shareholder after deducting issue-related expenses and the application taxes.

Vishal Mega Mart key financials

Vishal Mega Mart reported a revenue of ₹5,053.42 crore for the period ended September 30, 2024. The company’s net profit for the period stood at ₹254.14 crore.

In the financial year 2023-24, the company reported a revenue of ₹8,945.13 crore compared to ₹7,618.89 crore in the preceding fiscal. Its net profit stood at ₹461.94 crore in FY24 as against ₹321.27 crore in FY23.