Vishal Megamart IPO Subscribed 27 Times; QIB Quota Booked 80 Times On Last Day

In order to earn Rs 8,000 crore from public investors, the business started its initial public offering (IPO) on December 11. Demand for the issuance was high across all investor groups on Friday, the last day of bidding. There were 27.28 times bookings for the mainboard IPO.

Exchange data shows that, out of the Rs 8000 crore offering size, the IPO got bids totalling Rs 1.61 lakh crore (including anchor investors).

subscription in all categories

In contrast to the 37.83 crore shares reserved for the category, bids for almost 87.4 crore shares were placed, booking the retail limit 2.31 times.

Against the 16.21 crore shares that were set aside for them, the Non-Institutional Investors (NIIs) submitted applications for almost 231 crore shares. There were 14.25 bookings for the NIIs section.

Out of the 21.62 crore shares allotted to the Qualified Institutional Buyers (QIBs), 1,745.85 crore shares were bid on. The quota for the QIBs was booked 80.75 times.

IPO size and structure

The whole offer-for-sale (OFS) of 102.56 crore shares is included in the Vishal Mega Mart IPO.

50 per cent of the net offer amount has been set aside by Vishal Mega Mart for the category of Qualified Institutional Buyers. Up to 35 per cent of the net issue has been distributed by the firm to individual retail investors, while 15 per cent has been distributed to the Non Institutional Investor (NII) category.

Price band and minimum bid

The price of each share in Vishal Mega Mart's IPO ranges from Rs 74 to Rs 78.

A minimum lot size of 190 shares, or a total investment of Rs 14,820, is required of retail investors applying for the offer. Small Non Institutional Investors (sNII) must bid on at least 14 lots, or 2,660 shares, for a total investment of Rs 2,07,480. Big Non Institutional Investors (bNIIs) can apply for 68 lots, totalling 12,920 shares for Rs 10,07,760.

Listing and subscription timeline

The Vishal Mega Mart IPO is scheduled to launch on the BSE and NSE on Wednesday, December 18, 2024.

The Vishal Mega Mart IPO subscription period runs from December 11, 2024, until December 13, 2024. The allocation for the Vishal Mega Mart IPO is expected to be finalised on Monday, December 16, 2024.