Vishal Mega Mart plans Rs 8,000 crore IPO from December 11 to 13

Vishal Mega Mart will launch its Rs 8,000 crore initial public offering (IPO) from December 11 to 13. The IPO is an Offer For Sale by promoter Samayat Services LLP, which holds a 96.55% stake in the company. The IPO will not raise new funds for Vishal Mega Mart, as all proceeds will go to the selling shareholder. The bidding for anchor investors will open on December 10, a day before the public subscription begins. Vishal Mega Mart operates 626 stores across India, targeting middle and lower-middle-income consumers. The company offers a range of products, including apparel and fast-moving consumer goods.