About Vishal Mega Mart:
Vishal Mega Mart serves as a one-stop destination for middle and lower-middle-income households in India. The company curates a wide range of merchandise through its portfolio of in-house and third-party brands, catering to both the aspirational and daily needs of consumers. Its product offerings span three major categories: apparel, general merchandise, and fast-moving consumer goods. As of September 30, 2024, Vishal Mega Mart operates a pan-India network of 645 stores, complemented by its mobile application and website.
About the Industry in which Vishal Mega Mart operates:
The total addressable market for aspirational retail in India was estimated at ₹68-72 trillion (US$ 820-870 billion) for the calendar year 2023 and is projected to reach ₹104-112 trillion by 2028, growing at a CAGR of 9%. Within this market, there has been a steady shift toward organized retail, driven by rising quality expectations, access to a broader assortment of products, competitive pricing particularly in fast-moving consumer goods densely populated urban areas, and significant growth opportunities for organized retailers in the aspirational retail segment.
| Important Information and Timelines of the IPO of Vishal Mega Mart: | |
|---|---|
| Open Date | 11 December 2024 |
| Close Date | 13 December 2024 |
| Total Issue Size – Number of Shares | 1025641025 |
| Minimum Bid Price | 74 |
| Maximum Bid Price | 78 |
| Lot Size | 190 |
| Basis of Allotment | 16 December 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 17 December 2024 |
| Listing Date | 18 December 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Vishal Mega Mart:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 190 | 14820 |
| Retail – Maximum | 13 | 2470 | 192660 |
| sHNI – Minimum | 14 | 2660 | 207480 |
| sHNI – Maximum | 67 | 12730 | 992940 |
| bHNI – Minimum | 68 | 12920 | 1007760 |
Objective of the IPO of Vishal Mega Mart:
The Promoter Selling Shareholder will receive the entire proceeds from the Offer, after deducting their share of Offer-related expenses and applicable taxes. The Company will not receive any proceeds from the Offer. The objectives of the Offer are to (i) realize the benefits of listing the Equity Shares on the Stock Exchanges and (ii) execute the Offer for Sale of Equity Shares with a face value of ₹10 each, amounting to ₹80,000 million, by the Promoter Selling Shareholder. Furthermore, the Company anticipates that the proposed listing of its Equity Shares will enhance its visibility and brand image while creating a public market for the Equity Shares in India.
Financials of Vishal Mega Mart:
Here’s the information in a tabulated format:
| Particulars | Units | 6ME September 2024 | 6ME September 2023 | FYE March 2024 | FYE March 2023 | FYE March 2022 |
|---|---|---|---|---|---|---|
| Equity Share Capital | 45,087.19 | 45,065.88 | 45,087.19 | 45,065.88 | 45,033.01 | |
| Total Borrowings | - | 1,130.88 | - | 1,334.96 | 4,974.14 | |
| Total Income | 50,534.16 | 42,354.36 | 89,451.27 | 76,188.93 | 56,538.51 | |
| Profit for the Period/Year | 2,541.37 | 1,953.57 | 4,619.35 | 3,212.73 | 2,027.70 | |
| Basic Earnings per Equity Share | 0.56 | 0.43 | 1.02 | 0.71 | 0.45 | |
| Diluted Earnings per Equity Share | 0.55 | 0.43 | 1.01 | 0.70 | 0.45 | |
| Net Worth | 59,237.40 | 53,769.35 | 56,465.92 | 51,808.38 | 48,499.33 | |
| Net Asset Value per Equity Share | 13.14* | 11.93* | 12.53 | 11.50 | 10.80 | |
| EBITDA | 6,680.34 | 5,711.10 | 12,486.01 | 10,205.21 | 8,036.85 | |
| Return on Capital Employed | 29.77 | 35.07 | 68.76 | 75.80 | 56.43 | |
| Adjusted Return on Capital Employed | 49.63 | 42.93 | 70.95 | 92.16 | 156.34 |
Let me know if further formatting is needed!
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Vishal Mega Mart. You will receive a UPI mandate after 10:00 AM on 11 December 2024.
###1. How to apply for the IPO of Vishal Mega Mart on Dhan?
You can apply for the IPO of Vishal Mega Mart from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Vishal Mega Mart be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 17 December 2024. However, you will be able to see the shares of Vishal Mega Mart on Dhan before the market starts on the listing date which is 18 December 2024.