Vishal Mega Mart Limited (MAINBOARD)
Dec 11, 2024 - Dec 13, 2024
| Price | ₹74 - ₹78 |
| Premium | ₹22 |
|---|---|
| Lot size | 190 |
| Allotment | Dec 16, 2024 |
| Listing | Dec 18, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 190 | 14820 | 1889339 |
| sHNI | 14 | 2660 | 207480 | 19279 |
| bHNI | 68 | 12920 | 1007760 | 38558 |
Last updated on 13-Dec-2024 19:25:10
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 205128206 | 17458559260 | 85.11 |
| HNIs | 153846154 | 2312388160 | 15.03 |
| HNIs 10+ | 102564103 | 1778281440 | 17.34 |
| HNIs 2+ | 51282051 | 534106720 | 10.42 |
| Retail | 358974359 | 882937220 | 2.46 |
| Total | 717948719 | 20653884640 | 28.77 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 38558 | 133821 | 3.47 |
| HNIs (2-10L) | 19279 | 192679 | 9.99 |
| Retail | 1889339 | 3925672 | 2.08 |
| Total Applications: 4252172 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 1600 | 136176.76 | 85.11 |
| FIIs | - | 60495.18 | - |
| DIIs | - | 40554.76 | - |
| Mutual funds | - | 18106.86 | - |
| Others | - | 17019.96 | - |
| HNIs | 1200 | 18036.63 | 15.03 |
| HNIs 10+ | 800 | 13870.6 | 17.34 |
| HNIs 2+ | 400 | 4166.03 | 10.42 |
| Retail | 2800 | 6886.91 | 2.46 |
| Total | 5600 | 161100.3 | 28.77 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹8.9 | @8% ₹10.2 | @9% ₹11.5 | @10% ₹12.7 | @11% ₹14 | @12% ₹15.3 |
IPO Details
| Issue Size | [1025641026] shares (aggregating up to 8,000 Cr) |
| Offer For Sale | [1025641026] shares (aggregating up to 8,000 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE , BSE |
| Share holding pre issue | 4,50,87,19,493 |
| Share holding post issue | 4,50,87,19,493 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicators
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 29.77% | 68.76% | 75.80% |
| RONW | 4.29% | 8.18% | 6.20% |
| EPS (basic) | 0.55 | 1.01 | 0.7 |
| P/E Pre IPO | 76.13 | ||
| P/E Post IPO | 69.19 |
Financial Statement (Restated) In Crores.
| Particulars | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Total Assets | 9,552 | 8,506 | 8,289 | 8,218 |
| Revenue | 5,053 | 8,945 | 7,619 | 5,654 |
| Profit After Tax | 254 | 462 | 321 | 203 |
| Net Worth | 5,924 | 5,647 | 5,181 | 4,850 |
| Total Borrowing | - | - | 133 | 497 |
About Company
Incorporated in 2001, Vishal Mega Mart is a leading hypermarket chain offering a diverse range of products, including apparel, groceries, electronics, and home essentials. Catering primarily to middle and lower-middle-income consumers, the company operates 645 stores across 414 cities in 28 states and two union territories as of September 30, 2024. With an asset-light business model, it leases its stores and distribution centers while sourcing products from third-party vendors and brands. Vishal Mega Mart enhances accessibility through its mobile app, website, and direct local delivery service, which has 6.77 million registered users in 600 stores across 391 cities. Ranked among India’s top two offline-first diversified retailers, the company employs 16,537 people and boasts an extensive portfolio of in-house brands in apparel, general merchandise, and FMCG categories.
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Broad Consumer Reach: The company caters to a large and rapidly growing segment of the Indian population with a diversified product portfolio, ensuring quality and price leadership across categories.
Strong Consumer Loyalty: A consumer-centric approach focused on quality, affordability, variety, and convenience has built a loyal customer base.
Robust Own Brand Portfolio: With a diverse range of private labels, the company achieved significant sales milestones in FY 2024, including 19 brands surpassing ₹1,000 million and six brands exceeding ₹5,000 million in sales.
Dependence on Third-Party Vendors: Reliance on external manufacturers for all private label products exposes the company to risks related to quality, design, and production standards, which could impact operations if not met.
Regulatory and Legal Risks: Ongoing inquiries by the Enforcement Directorate and potential penalties or legal actions could negatively affect the company's reputation and financial stability.
E-mail: vmm.ipo@kfintech.com
Tel: +91 40 6716 2222
Website :https://kosmic.kfintech.com/ipostatus/