Vishal Mega Mart IPO Day 1 Live Updates: Check the most recent GMP, subscription status, and more; issue booked 8% so far.

Live Updates for Vishal Mega Mart's IPO Day 1: The price range for Vishal Mega Mart's IPO is ₹74 to ₹78 per share. The subscription period is December 11–13. At the higher price range, the company wants to have a market capitalization of ₹36,120 crore.

Live Updates for Vishal Mega Mart's IPO Day 1: The public subscription period for the Vishal Mega Mart IPO, a hypermarket chain supported by Kedaara Capital, is set to open today (Wednesday, December 11) and run through Friday, December 13. On December 10, the company raised ₹2,400 crore from a number of institutional investors, both domestic and foreign, through its anchor book.

With a face value of ₹10, the pricing range for the Vishal Mega Mart IPO has been established between ₹74 and ₹78 per equity share.190 equity shares make up the lot size for the Vishal Mega Mart IPO, and more shares can be bought in 190-share increments.

The only component of the Vishal Mega Mart IPO is the ₹8,000 crore offer for sale (OFS) made by Samayat Services LLP, the promoter who owns 96.46 percent of the company. The company is anticipated to have a market value of around ₹36,120 crore at the top price range of ₹78.

Vishal Mega Mart is a chain of hypermarkets that was established in 2018 and offers a variety of goods, including apparel, food, electronics, and household essentials.

Live updates for Vishal Mega Mart's IPO Day 1: Everything you need to know about the omni-channel network

Vishal Mega Mart has established a pan-India omnichannel network that consists of (i) an offline channel through the network of physical stores and (ii) an online channel through the Vishal Mega Mart website and mobile application. The offline channel consists of 645 stores located in 414 Indian cities, while the online channel consists of e-commerce platforms like the company's website and mobile application. Customers can use the website and smartphone application to verify product availability at the nearest stores and place online orders for delivery or in-store pickup.

Live updates for the Vishal Mega Mart IPO Day 1: Everything you need to know about the sector

The aspirational retail market in India is expected to reach ₹68–72 trillion (US$ 820–870 billion) by 2023 and ₹104–112 trillion (US$ 1,250–1,350 billion) by 2028, with a cumulative annual growth rate (CAGR) of 9%. The Redseer Report claims that the aspirational retail market has been steadily moving toward organized retail due to factors like growing quality standards, a wider range of options, better prices, especially for fast-moving consumer goods, denser cities, and ample space for organized retailers.

Live Updates for Vishal Mega Mart's IPO Day 1: Issue has already reserved 5% of the first day of bidding.

According to BSE data, 5% of the Vishal Mega Mart IPO's initial public offering was subscribed for on the first day of subscription, which ended at 10:33 IST today.

According to the BSE, 3,61,90,820 shares were bought for in the first share auction, out of the 75,67,56,757 shares that were up for grabs.

8% of the quota for non-institutional investors was subscribed, compared to 6% for the retail investor component. Bookings for the qualified institutional buyers (QIBs) portion are still pending.

Live updates for Vishal Mega Mart's IPO Day 1: Everything you need to know about the company

The company's offerings fall into three primary categories: fast-moving consumer items, general retail, and clothing. Together with its Vishal Mega Mart website and mobile app, it boasts a statewide network of 645 Vishal Mega Mart locations.

Indian customers in the middle and lower middle income ranges make up its target market. A substantial and growing portion of its sales are attributed to its proprietary brands. To acquire goods and control inventories in its stores, the corporation uses a hub-and-spoke distribution strategy.

Here are the comments made by Swastika Investmart regarding the Vishal Mega Mart IPO Day 1 Live Updates.

Top offline merchant: robust position in the Indian market. Financial performance that is steady: increasing sales and profits. Fair prices in relation to competitors indicate a reasonable assessment.

Complete OFS: No money from the IPO is given to the company. Investment advice: Fit for high-risk investors who want to get a taste of the retail industry.

Live updates for Vishal Mega Mart's IPO Day 1: Everything you need to know about the competitors

The company's listed peers, according to the red herring prospectus (RHP), include Trent Ltd. (P/E of 163.59) and Avenue Supermarts Ltd. (P/E of 98.23 times).

Live updates for the Vishal Mega Mart IPO Day 1: Everything you need to know about the problem

The promoter Samayat Services LLP, which owns 96.46 percent of Vishal Mega Mart, is presenting an offer for sale (OFS) for ₹8,000 crore as part of the first public offering (IPO). The company is anticipated to have a market value of around ₹36,120 crore at the top price range of ₹78.

Check out important dates for the Vishal Mega Mart IPO Day 1 Live Updates.

The business will start refunds on Tuesday, December 17, and the shares will be deposited to the allottees' demat accounts the same day after the refund. The Vishal Mega Mart IPO basis of share allocation is tentatively scheduled to be finalized on Monday, December 16. On Wednesday, December 18, the share price of Vishal Mega Mart is anticipated to be published on the BSE and NSE.

Check out the IPO reservation details for Vishal Mega Mart's first day of live updates.

The Vishal Mega Mart IPO has set aside a minimum of 35% of the offer for retail investors, a maximum of 50% of the shares for qualified institutional buyers (QIB), and a minimum of 15% for non-institutional institutional investors (NII).

Live updates for the Vishal Mega Mart IPO Day 1: Everything you need to know about domestic institutional investors

Organizations including Aditya Birla Sun Life Trustee, Franklin, Mirae Asset, HDFC Life Insurance, SBI Life Insurance, Canara Robeco MF, Invesco, Tata MF, Max Life Insurance, Bajaj Holdings, UTI MF, Bajaj Allianz General Insurance, Baroda BNP Paribas MF, Kotak Mahindra AMC, Nippon Life India, Axis Mutual Fund, and HDFC Mutual Fundand shares from the anchor book were also distributed to Kotak Mahindra Life Insurance.

According to the company's filing to exchanges on Tuesday, "18 domestic mutual funds, which applied through a total of 44 schemes, received 16.41 equity shares out of the total allocation of 30.76 crore equity shares to the anchor investors."

Live Updates for Vishal Mega Mart's IPO Day 1: View the information on the anchor investor.

On December 10, Vishal Mega Mart received ₹2,400 crore from a number of institutional investors, both local and foreign, through its anchor book. In its exchange statement on Tuesday, the Gurugram-based business stated that it has finished allocating 30.76 crore equity shares to its anchor investors at a price of ₹78 per share.

The Government of Singapore, the Monetary Authority of Singapore, JP Morgan, Custody Bank of Japan, Nomura, Blackrock, Government Pension Fund Global, Schroder International Selection Fund, HSBC Global, TIMF Holdings, CLSA Global, and Prudential Hong Kong are among the prominent international institutional investors that participated in the anchor book.

Live Updates for Vishal Mega Mart's IPO Day 1: What GMP Signals Predict on Day 1

Today's IPO GMP for Vishal Mega Mart is +19. According to investorgain.com, this shows that the share price of Vishal Mega Mart was trading at a premium of ₹19 on the grey market.

The expected listing price of Vishal Mega Mart shares is 97 apiece, taking into account the top end of the IPO pricing range and the present premium in the grey market.This is 24.36% more than the ₹78 IPO price.

Today's IPO GMP is increasing and points to a strong listing, according to the grey market trends over the previous seven sessions. Experts at investorgain.com have observed that the highest reported GMP is ₹25, while the lowest is ₹13.