Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.
They own their brands and third-party brands to meet consumers’ everyday needs. The company offers a wide range of products across apparel, general merchandise, and FMCG, including its brands for clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples.
The company targets middle and lower-middle-income people, through a Pan India network of 645 Vishal Mega Mart stores (as of September 30, 2024) and their Vishal Mega Mart mobile app and website. As of September 30, 2024, the company has a presence across 414 cities in 28 states and two union territories.
The company operates an asset-light business model, leasing all its distribution centers and stores, while its products are manufactured by third-party vendors or sourced from third-party brands.
As of September 30, 2024, their direct local delivery service, managed by their employees, had 6.77 million registered users and was available in 600 stores across 391 cities in India.
The Company Ranked as one of the top two offline-first diversified retailers in India. As of September 30, 2024, they had 16,537 employees.
Their portfolio of own Brands:
- Apparel: Classics, Fashion, Denim, Ethnic
- General Merchandise: Tandem Home Appliances, Home Select, Home Finery
- FMCG: Savory Products, Staples, Home Care
Vishal Mega Mart IPO – Details
| IPO Opening Date | 11 December 2024 |
| IPO Closing Date | 13 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 102,56,41,025 Shares Worth ₹8,000.00 Crore Offer For Sale: 102,56,41,025 Shares Worth ₹8,000.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹74 – ₹78 per share |
| Market Lot | 190 Shares |
| Min Order | 190 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vishal Mega Mart IPO – Date Schedule
| IPO Open Date | 11 November 2024 |
| IPO Close Date | 13 December 2024 |
| Basis of Allotment | 16 December 2024 |
| Initiation of Refund | 17 December 2024 |
| Credit of Shares to Demat Account | 17 December 2024 |
| IPO Listing Date | 18 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2024 |
Vishal Mega Mart IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 190 | ₹14,820 |
| Retail (Max) | 13 | 2,470 | ₹1,92,660 |
| S-HNI (Min) | 14 | 2,660 | ₹2,07,480 |
| S-HNI (Max) | 67 | 12,730 | ₹9,92,940 |
| B-HNI (Min) | 68 | 12,920 | ₹10,07,760 |
Competitive Strengths
- Serving a Large and Growing Section of the Indian Population.
- Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base.
- Diverse and Growing Portfolio of their Brands across Product Categories.
- Pan-India Presence with a Track Record of Successful Store Growth.
- Technology Enabled and Systems Driven Operations.
- Professional and Experienced Management Team.
- Track Record of Delivering Revenue, Profit Growth and Capital Efficiency.
Company Promoters
- Samayat Services LLP
- Kedaara Capital Fund II LLP
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 5,653.85 | 5,384.20 | 202.77 | 497.41 |
| 31 March 2023 | 7,618.89 | 7,188.36 | 321.27 | 133.50 |
| 31 March 2024 | 8,945.12 | 8,324.17 | 461.93 | – |
| 30 September 2024 | 5,053.41 | 4,711.76 | 254.13 | – |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 68.76 |
| RoNW | 8.18 |
| P/BV | 6.23 |
| PAT Margin (%) | 5.18 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.02 | 1.13 |
| P/E (x) | 76.13 | 69.19 |
Object Of The Issue
- The Company will not receive any proceeds of the Offer for Sale from the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of the proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and the relevant taxes thereon.
Vishal Mega Mart IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Avenue Supermarts Limited | 98.23 |
| 2 | 1 | Trent Limited | 163.59 |
Vishal Mega Mart IPO Promoter Holding
| Pre Issue Share Holding | 98.77% |
| Post Issue Share Holding | 76.02% |
Vishal Mega Mart IPO Prospectus
Company Contact Information
| Vishal Mega Mart Limited Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016 Phone: +91 124 – 4980000 Email: secretarial@vishalwholesale.co.in Website: https://www.aboutvishal.com/ |
Vishal Mega Mart IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: vmm.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Vishal Mega Mart IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. Jefferies India Private Limited 3. J.P. Morgan India Private Limited 4. Intensive Fiscal Services Private Limited 5. Kotak Mahindra Capital Company Limited 6. Morgan Stanley India Company Private Limited |
Vishal Mega Mart IPO FAQs
| What is Vishal Mega Mart IPO? Vishal Mega Mart IPO is a main-board IPO. The issue is priced at ₹74 to ₹78 per equity share. The IPO is to be listed on BSE & NSE. |
| When Vishal Mega Mart IPO will open? The IPO is to open on 11 December 2024 for QIB, NII, and Retail Investors. |
| What is Vishal Mega Mart IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Vishal Mega Mart IPO? You can apply Vishal Mega Mart IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Vishal Mega Mart IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Vishal Mega Mart IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Vishal Mega Mart IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Vishal Mega Mart IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Vishal Mega Mart IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Vishal Mega Mart IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Vishal Mega Mart IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Vishal Mega Mart IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Vishal Mega Mart IPO Size? Vishal Mega Mart IPO size is ₹8000.00 Crore. |
| What is the Vishal Mega Mart IPO Price Band? Vishal Mega Mart IPO Price Band is ₹74 to ₹78. |
| What is Vishal Mega Mart IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 190 Shares with ₹14,820 amount while the maximum bid is 2,470 Shares with ₹1,92,660. |
| What is the Vishal Mega Mart IPO Allotment Date? Vishal Mega Mart IPO allotment date is 16 December 2024. |
| What is the Vishal Mega Mart IPO Listing Date? Vishal Mega Mart IPO listing date is 18 December 2024. The IPO is to be listed on BSE and NSE. |
