The Vishal Mega Mart IPO has garnered immense interest from investors, and the Vishal Mega Mart IPO allotment process is now in the spotlight. The initial public offering (IPO) of Vishal Mega Mart Ltd, a leading hypermarket chain, closed on December 13, 2024, receiving an overwhelming subscription of 27.28 times. As investors eagerly await the allotment results, here is everything you need to know, including how to check the allotment status, Grey Market Premium (GMP), and key details about the IPO.
Vishal Mega Mart IPO Allotment Date and Timeline
The Vishal Mega Mart IPO allotment date is expected to be finalized soon, following the ‘T+3’ listing rule. This means that the IPO must be listed within three working days after the subscription period ends. Once the allotment is confirmed:
- Shares will be credited to the Demat accounts of successful bidders.
- Refunds will be initiated for unsuccessful bidders on the same day.
- The IPO is likely to be listed on the stock exchanges BSE and NSE on December 18, 2024.
How to Check Vishal Mega Mart IPO Allotment Status Online
Investors can check their IPO allotment status online through the BSE website, the IPO registrar’s website (Kfin Technologies), or via the NSE portal. Below are the detailed steps:
Steps to Check Allotment Status on BSE Website
- Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ under the Issue Type.
- Choose ‘Vishal Mega Mart Limited’ in the Issue Name dropdown.
- Enter your Application Number or PAN.
- Verify by selecting ‘I am not a robot’ and click ‘Search’.
- The IPO allotment status will be displayed on your screen.
Steps to Check Allotment Status on Kfin Technologies Website
- Visit the IPO registrar’s website: https://kosmic.kfintech.com/ipostatus/.
- Select ‘Vishal Mega Mart Limited’ in the dropdown menu.
- Choose the preferred option: Application No, Demat Account, or PAN.
- Enter the relevant details.
- Enter the Captcha code and click Submit.
- Your IPO allotment status will appear on the screen.
Vishal Mega Mart IPO GMP (Grey Market Premium)
The Grey Market Premium (GMP) of Vishal Mega Mart IPO indicates strong investor confidence. As of today, the GMP stands at ₹19 per share, suggesting that Vishal Mega Mart shares are trading ₹19 higher than their issue price in the unlisted market.
For example:
- If the IPO price band is set at ₹74-₹78, and the GMP is ₹19, the expected listing price could range between ₹93 and ₹97 per share.
Vishal Mega Mart IPO Details at a Glance
Key Information
- IPO Dates: December 11-13, 2024
- Price Band: ₹74 to ₹78 per share
- Issue Size: ₹8,000 crore (entirely Offer for Sale)
- Shares Offered: 102.56 crore equity shares
- Listing Date: Likely December 18, 2024
- Registrar: Kfin Technologies
Subscription Overview
- Total Subscription: 27.28 times
- Retail Portion: 2.31 times
- QIB Portion: 80.75 times
- NII Portion: 14.24 times
Book Running Lead Managers
- Kotak Mahindra Capital Company
- ICICI Securities
- Intensive Fiscal Services
- Jefferies India
- JP Morgan India
- Morgan Stanley India
FAQs About Vishal Mega Mart IPO
1. When will the Vishal Mega Mart IPO allotment status be announced?
The IPO allotment status is expected to be announced shortly after the IPO closure on December 13, 2024.
2. How can I check the Vishal Mega Mart IPO allotment status?
You can check the allotment status on the BSE website, the Kfin Technologies website, or the NSE portal.
3. What is the Vishal Mega Mart IPO price band?
The IPO price band was set at ₹74 to ₹78 per share.
4. What is the Vishal Mega Mart GMP today?
The current Grey Market Premium (GMP) for Vishal Mega Mart IPO is ₹19 per share.
5. When will the shares be listed on stock exchanges?
The shares are expected to be listed on December 18, 2024, on both BSE and NSE.
6. How many shares were offered in the IPO?
A total of 102.56 crore equity shares were offered under the IPO, entirely through an Offer for Sale (OFS).
7. What happens if I don’t get the IPO allotment?
Unsuccessful bidders will receive a refund, which will be credited directly to their bank accounts.
8. Who managed the Vishal Mega Mart IPO?
The IPO was managed by top investment firms, including Kotak Mahindra Capital Company, ICICI Securities, and Morgan Stanley India, among others.
Conclusion
The Vishal Mega Mart IPO has generated significant buzz in the investment community, with a robust subscription rate and a promising GMP of ₹19 per share. As the allotment process concludes, investors can use the steps mentioned above to check their status online. With a strong business model and market positioning, Vishal Mega Mart’s stock listing is highly anticipated.
By Shehnaz Shaikh
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