Vishal Mega Mart IPO: The big name of the supermarket sector – Vishal Mega Mart is going to be listed in the stock market soon. Vishal Mega Mart is coming with its IPO. This IPO of Rs 8000 crore will open for subscription on Wednesday, December 11 and will close on December 13. This IPO will open for anchor investors on December 10. This IPO will be completely OFS based, that is, the company will not issue any new shares in this IPO. Under this IPO, the company’s promoter Samayat Services LLP will issue all the shares.
Samayat Services LLP holds 96.55 percent stake
Samayat Services LLP currently holds 96.55 percent stake in Gurugram’s Vishal Mega Mart. Now this IPO is completely OFS based, which means Vishal Mega Mart will not get the money coming from the IPO. The company’s promoter Samayat Services LLP will receive all the money coming from the IPO. Let us tell you that Vishal Mega Mart had submitted documents for IPO with SEBI in July through pre-filing route. SEBI had approved the IPO of Vishal Mega Mart on September 25. After which an updated draft filing was filed in October.
Vishal Mega Mart has tremendous reach among the middle class
Let us tell you that Vishal Mega Mart has maintained a tremendous reach among the upper lower class, lower middle class and middle class. Vishal Mega Mart is a one-stop destination for items used for everyday needs. Talking about the product range, Vishal Mega Mart carries in-house as well as third-party brands, which mainly focus on three key categories – Apparel, General Merchandise and FMCG. As of June 30, 2024, Vishal Mega Mart was operating a total of 626 stores across the country. Along with this, online shopping can also be done from Vishal Mega Mart’s mobile app and website.
