Vishal Mega Mart IPO Allotment: How to Check Status and Latest GMP Updates

The eagerly awaited share allotment for Vishal Mega Mart's ₹8,000 crore IPO is set to be finalized on Monday, December 16, 2024. Investors who subscribed to the IPO will receive notifications via alerts, emails, or messages regarding their allotment or any revocation of their IPO mandate by Tuesday, December 17.

The IPO, which opened for subscription between December 11 and December 13, witnessed robust participation from investors across categories. Vishal Mega Mart set its share price in the range of ₹74 to ₹78 per share, requiring a minimum investment of 190 shares per lot.

The response to the IPO was overwhelming, with an overall subscription of 27.28 times. The Qualified Institutional Buyers (QIBs) category led the charge, being subscribed 80.75 times.

The Non-Institutional Investors (NIIs) segment achieved a subscription rate of 14.24 times, while the Retail Investors' category was subscribed 2.31 times during the three-day bidding window.

In total, investors bid for a staggering 20,64,25,17,700 equity shares against the 7,56,75,675 shares available for allotment, generating bids worth ₹1.60 lakh crore. Of this total, ₹1.36 lakh crore came solely from Qualified Institutional Buyers (QIBs), highlighting robust demand from institutional investors.

How to Check Vishal Mega Mart IPO Allotment Status

Investors can conveniently check their allotment status through two main platforms:

1. BSE Website

• Visit the official BSE IPO allotment status page.

• Select "Equity" under the Issue Type dropdown.

• Choose "Vishal Mega Mart Limited" from the Issue Name dropdown menu.

• Enter your Application Number and PAN Card ID.

• Complete the CAPTCHA verification.

• Click on the Search button to view your allotment status.

2. KFin Technologies Website

• Access the KFin Technologies IPO Status page.

• Select "Vishal Mega Mart Limited" from the dropdown menu (available after allotment finalization).

• Choose one of the following identification modes:

  • Application Number

  • Demat Account Number

  • PAN ID

• Select your Application Type (ASBA or Non-ASBA).

• Provide the required details, complete the CAPTCHA verification, and click Submit.

Note: KFin Technologies Limited is the registrar for the Vishal Mega Mart IPO. As a SEBI-registered entity, KFin manages the allotment process, electronic credit of shares, and investor queries.

When Will Vishal Mega Mart Shares List?

The equity shares of Vishal Mega Mart are scheduled to list on both the BSE and NSE on Wednesday, December 18, 2024, subject to final confirmation.

Latest Grey Market Premium (GMP) and Expected Listing Gains

The Grey Market Premium (GMP) for the Vishal Mega Mart IPO has shown an upward trend, reflecting positive investor sentiment. As of the latest data, the GMP is ₹19-₹20, suggesting potential listing gains of approximately 25% for IPO participants. On the final day of bidding, the GMP stood at ₹16.

About Vishal Mega Mart

Founded in 2001, Vishal Mega Mart is one of India's leading hypermarket chains. It offers an extensive range of products, including apparel, groceries, electronics, home essentials, and fast-moving consumer goods (FMCG). The company’s portfolio includes both in-house and third-party brands, ensuring diverse options for customers.

Brokerages have given largely positive ratings to the IPO for long-term investments, highlighting its strong retail presence, efficient supply chain, and consistent financial performance. However, concerns regarding thin profit margins, rising competition, and the IPO's Offer for Sale (OFS)-based structure have tempered expectations.

Conclusion

The Vishal Mega Mart IPO has garnered immense investor interest, with an impressive subscription rate of 27.28 times across all categories. As the allotment process concludes, investors eagerly anticipate notifications about their allotment status and potential listing gains. With the shares set to debut on December 18, the latest Grey Market Premium (GMP) suggests promising listing returns of around 25%.

Vishal Mega Mart's strong presence in the retail sector, coupled with its efficient supply chain and diverse product portfolio, has positioned it as a favored choice for long-term investors. However, market participants should remain mindful of challenges such as thin margins and competition in the retail space.

As the listing day approaches, all eyes will be on how Vishal Mega Mart performs in the market and delivers on the expectations set by its remarkable IPO response.