Waiting for listing after share allotment

The IPO share allotment of Vishal Mega Mart has been finalized. Now investors are eagerly waiting for its listing. Despite the initially sluggish pace, the IPO received a strong response from investors, and was subscribed more than 28 times in three days. Its Gray Market Premium (GMP) in the gray market is said to be around Rs 20.50, due to which a listing gain of around 26% is expected. However, market experts say that the correct valuation of the listing will depend on the financial position of the company and the market condition on the day of listing.

Where and how to check IPO allotment status?

Steps to check allotment status on BSE website:

1. Go to link: BSE allotment check link
2. Select Issue Type: ‘Equity’
3. Select Issue Name: Vishal Mega Mart
4. Enter details: Enter application number or PAN number
5. Verify: Click ‘I’m not a robot’
6. Search: After clicking on search the allotment status will appear on the screen.

Steps to check on Registrar Kfintech website:

1. Go to link: KFintech allotment check link
2. Select link: Click on link-1, link-2, link-3, link-4 or link-5
3. Select IPO: Select Vishal Mega Mart
4. Fill in the details: Enter any one of the details like Application Number, Demat Account or PAN
5. Fill Captcha: Fill Captcha for verification and submit
6. View allotment status: Allotment status will appear on the screen

IPO got great response

Vishal Mega Mart’s ₹8,000 crore IPO had a price band of ₹74-₹78 per share, and investors got a chance to bid in lots of 190 shares. The pace of IPO was slow on the first day, but it gained tremendous momentum on the second and third days.

• Total subscription: 28.75 times
  • QIB (Qualified Institutional Buyers): 85.11 times
  • NII (Non-Institutional Investors): 15.01 times
  • Retail investors: 2.43 times

This IPO came under Offer for Sale (OFS), in which the company did not issue new shares. In this, a total of 1,02,56,41,025 shares of face value of Rs 10 were sold.

Vishal Mega Mart: Company Profile

• Established: 2001
• Sector: Hypermarket Chain
• Major Products: Clothing, grocery, electronics and daily necessities
• Stores: 645 (by September 2024)
• Presence: In 414 cities across 28 states and 2 union territories
• Business Model: Asset-light (distribution centers and stores are on lease)

financial position of the company

The financial position of Vishal Mega Mart is continuously strengthening.

• FY 2022:
  • Net Profit: ₹202.77 crore
• FY 2023:
  • Net Profit: ₹321.27 crore
• FY 2024:
  • Net Profit: ₹461.94 crore
  • Revenue: ₹8,945.13 crore (CAGR more than 25%)

FY 2024-25 (April-September 2024):

• Net Profit: ₹254.14 crore
• Revenue: ₹5,053.42 crore

What is special for investors?

Vishal Mega Mart’s IPO could prove to be attractive for investors, especially given their strong financial position and wide network across the country. However, it will be important to pay attention to the market situation and the growth potential of the company at the time of listing.