Vishal Mega Mart IPO sees strong demand with 27.28 times subscription rate

Vishal Mega Mart's initial public offering (IPO) bidding ended on December 13, 2024, with a subscription rate of 27.28 times. The IPO was particularly popular among Qualified Institutional Buyers, who subscribed 80.75 times. The grey market indicates a premium of ₹17 for Vishal Mega Mart shares, suggesting a listing price around ₹95. This reflects an expected gain of about 22% from the IPO price of ₹74 to ₹78. The IPO allotment date is set for December 14, 2024, but may be delayed until December 16 due to the weekend. Applicants can check their allotment status online through the BSE or KFin Technologies websites.