Market watchers claim that shares of Vishal Mega Mart are currently trading on the grey market for a premium of ₹17.
Vishal Mega Mart IPO: Applicants anxiously anticipate the notification of share allocation following the three-day bidding for Vishal Mega Mart Limited's IPO. The public offering has to be listed within three days of listing according to the 'T+3' listing criteria. The Vishal Mega Mart IPO allotment date is probably going to be today, December 14, 2024, since the bidding for the IPO finished on December 13, 2024. However, since today is Saturday, if there is a delay, Vishal Mega Mart's IPO allocation status might be made public on Monday of the next week, December 16, 2024.
The gray market is indicating that Vishal Mega Mart will list at a significant premium following its robust IPO subscription status. Stock market watchers claim that shares of Vishal Mega Mart Limited are currently trading on the grey market for a premium of ₹17.
Today's Vishal Mega Mart IPO GMP
The gray market anticipates that Vishal Mega Mart's IPO listing price will be approximately ₹95 (₹78 + ₹17), as indicated by the fact that the company's IPO GMP (gray Market Premium) is ₹17 today. This indicates that, in contrast to the Vishal Mega Mart IPO pricing of ₹74 to ₹78 per share, the grey market anticipates the listing gain to be about 22%.
Status of Vishal Mega Mart's IPO subscription
By the third day of its offering, the subscription rate for the Vishal Mega Mart IPO was 27.28 times, according to BSE data. Qualified Institutional Buyers (QIB) were the main force behind the IPO on the third day of bidding, followed by Non-Institutional Investors (NII). Retail investors could have participated more spectacularly, even though they were completely subscribed.
The public issue was subscribed 2.31 times for the retail section, 14.25 times for the NII segment, and 80.75 times for the QIB portion.
Date of Vishal Mega Mart's IPO allocation
As previously said, today, December 14, 2024, is probably the date of Vishal Mega Mart's IPO allocation. In the event that Saturday causes a delay, Vishal Mega Mart's IPO allotment status is anticipated to be made public on Monday of the following week, December 16, 2024.
Check the status of Vishal Mega Mart's IPO allocation.
An applicant can check their application status online by logging in to the BSE website or KFin Technologies Ltd., the official registrar of the book build issue, following the announcement of Vishal Mega Mart IPO allotment status. They can check the Vishal Mega Mart IPO allotment status online more conveniently by logging in at the direct BSE link, bseindia.com/investors/appli_check.aspx, or the direct KFin Tech link, kosmic.kfintech.com/ipostatus.
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