Vishal Mega Mart shares fell 7.8% today on reports that one of the two promoters in Vishal Mega Mart, “Samayat Services” LLP, under the auspices of Kedar Capital and Partners Group Fashions, is trying to sell its 20% stake in the company through a blockbuster deal. Vishal Mega Mart shares were trading at Rs 115.10 on BSE in today’s trading.
Vishal Mega Mart is being advised by Kotak Mahindra Capital and Morgan Stanley. These two advisors bought Vishal Mega Mart from TPG Capital and Shriram Capital Group for $735 million. One of the promoters, e-retail major, also bought shares in December 2024 through a blockbuster deal. Its share price has increased by 12% in the past 6 months.
According to a CNBC TV-18 story, 91 crore shares worth Rs 10,488 crore of Vishal Mega Mart Company changed hands today.
History of Vishal Mega Mart Share
Vishal Mega Mart is one of the largest diversified retail companies in India. It is a hypermarket chain-based company in India. The company offers products to the middle class and lower middle middle class people at affordable prices according to their monthly incomes, mainly FMCG products, and also includes items related to clothing and personal care. And also has items related to household needs.
Revenue from operations grew by 23.2% to Rs 2547.9 crore from Rs 2038.9 crore in Q4 FY5. The company’s performance also improved significantly, and EBITDA increased by 42.6% to Rs 357 crore from Rs 250.0 crore.
Vishal Mega Mart IPO Details
| IPO Date | December 11, 2024 to December 13, 2024 |
|---|---|
| Listing Date | December 18, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹78 per share |
| Lot Size | 190 Shares |
| Total Issue Size | 1,02,56,41,025 shares |
| (aggregating up to ₹8,000.00 Cr) | |
| Offer for Sale | 1,02,56,41,025 shares of ₹10 |
| (aggregating up to ₹8,000.00 Cr) | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,50,87,19,493 shares |
| Share Holding Post Issue | 4,50,87,19,493 shares |
Vishal Mega Mart has been oversubscribed 27.28 times in the bidding. The IPO price per share has been fixed at Rs.74-78. Vishal Mega Mart operates 626 retail outlets in India and also operates through a mobile app and official website as of June 2024.
