Vishal Mega Mart to launch ₹8,000 crore IPO on December 11

Vishal Mega Mart plans to launch an ₹8,000 crore initial public offering (IPO) on December 11, 2024. The IPO will close on December 13, with anchor investor bidding starting on December 10. The offering is an Offer For Sale (OFS) of shares by promoter Samayat Services LLP, which holds a 96.55% stake. The company will not receive any funds from the IPO, as proceeds will go to the selling shareholder. Vishal Mega Mart operates 626 stores across India, targeting middle and lower-middle-income consumers. Its product range includes apparel, general merchandise, and fast-moving consumer goods.