Vishal Mega Mart plans Rs 8,000 crore IPO starting December 11

economictimes.indiatimes.com — December 5, 2024 at 08:01 AM UTC

Vishal Mega Mart will launch an initial public offering (IPO) worth Rs 8,000 crore on December 11, running until December 13. This IPO is entirely an Offer For Sale by its promoter, Samayat Services LLP, with no new shares being issued. Currently, Samayat Services LLP holds a 96.55% stake in the company, which operates 626 stores across India. The proceeds from the IPO will go to the selling shareholder, not the company itself. The bidding for anchor investors will open on December 10. Vishal Mega Mart serves middle and lower-middle-income consumers, offering a range of products including apparel and fast-moving consumer goods.

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Timeline:

[3.3]

Vishal Mega Mart to launch Rs 8,000 crore IPO on December 11 (zeenews.india.com)

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[3.2]

Vishal Mega Mart sets IPO price band at ₹74-78 per share with subscription opening December 11 (livemint.com)

96d 15h

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Vishal Mega Mart to launch ₹8,000 crore IPO on December 11 (hindustantimes.com)

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Vishal Mega Mart plans Rs 8,000 crore IPO from December 11 to 13 (timesnownews.com)

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Vishal Mega Mart plans Rs 8,000 crore IPO starting December 11 (economictimes.indiatimes.com)

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