Vishal Mega Mart sets IPO price band at ₹74-78 per share with subscription opening December 11

Vishal Mega Mart has set its initial public offering (IPO) price band at ₹74 to ₹78 per share. The subscription period will run from December 11 to 13, with anchor investor allocations on December 10. The company aims for a market cap of ₹36,120 crore at the upper price. The IPO consists entirely of an offer for sale amounting to ₹8,000 crore by the promoter, Samayat Services LLP. The lot size is 190 shares, with allocations reserved for qualified institutional buyers, non-institutional investors, and retail investors. Vishal Mega Mart, established in 2018, operates a hypermarket chain offering a wide range of products. The company reported a 17.41% sales growth and a 43.78% increase in profit after tax for the fiscal year ending March 2024.