Vishal Mega Mart Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹78
Per ShareLot Size
190 Shares
Minimum Investment
₹14,820
Issue Size
₹8,000 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Vishal Mega Mart Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.46%
Promoter Holding (Post-Issue)
76.02%
Issue Type
Book Building
ISIN
INE01EA01019
About the Company
We are a one stop destination for middle and lower-middle income India. We curate a diverse range of merchandize through our portfolio of own brands and third party brands to fulfil the aspirational and daily needs of consumers. We offer products across three major product categories, i.e., apparel, general merchandise and fast-moving consumer goods, through a pan-India network of 645 Vishal Mega Mart stores and our Vishal Mega Mart mobile application and website, as of September 30, 2024.
Industry Overview
The total addressable market for aspirational retail in India is Rs.68-72 trillion (US$ 820-870 billion) for calendar year 2023, and is expected to be Rs.104-112 trillion (US$ 1,250-1,350 billion) by calendar year 2028, growing at a CAGR of 9% (Source: Redseer Report at page 135). Within the aspirational retail market, there has been a consistent shift towards organized retail primarily due to increasing baselines for quality, availability of wider assortment, better pricing especially in fast-moving consumer goods, denser urban areas, and large whitespace for organized retailers in aspirational retail.
Company History
Our Company was originally incorporated as `Rishanth Wholesale Trading Private Limited' at Gurugram, Haryana as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated March 27, 2018, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi ("RoC"). Subsequently, the name `Rishanth Wholesale Trading Private Limited' was changed to `Vishal Mega Mart Private Limited' and a fresh certificate of incorporation was issued by the RoC on May 28, 2020. Subsequently, our Company was converted to a public limited company and the name of our Company changed to `Vishal Mega Mart Limited' pursuant to a Shareholders' resolution dated April 26, 2024 and a fresh certificate of incorporation dated May 10, 2024 was issued by the RoC.
Growth Strategy
- Expand our Pan-India Store Network.
- Drive Same-Store Sales Growth through Multiple Initiatives.
- Commitment to Consumer Centricity: Aspirational, Affordable and Accessible.
- Driving Cost Efficiencies Across our Operations.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 1,025,641,025 equity shares of face value of Rs. 10 each ("Equity Shares") of Vishal Mega Mart Limited ("Company" or "Issuer") for cash at a price of Rs. 78 per equity share (including a share premium of Rs. 68 per equity share) aggregating to Rs. 8000.00 crores (the "Offer"), through an offer for sale of 1,025,641,025 equity shares of face value of Rs. 10 each aggregating to Rs. 8000.00 crores by Samayat Services LLP ("Promoter Selling Shareholder" and such equity shares offered by the promoter selling shareholder, the "Offered Shares"). The offer shall constitute 22.75% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. The offer price is 7.80 times the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Serving a Large and Growing Section of the Indian Population.
- Consumer-centric approach resulting in loyal consumer base.
- Diverse and Growing Portfolio of Own Brands across Product Categories.
- Pan-India Presence with a Track Record of Successful Store Growth.
- Technology Enabled, Systems Driven Operations.
- The company does not manufacture any of the products that are sold in its stores, and the company relies entirely on third party vendors for the manufacturing of all products under its own brands who are required to meet the company product specification, quality, design and manufacturing standards, which subjects it to risks, which, if materialized, could adversely affect its business, results of operations, cash flows and financial condition.
- The Company has received two directives with requests for information from the Enforcement Directorate to furnish information and documents as part of its investigation and any possible penalties/action. Any adverse outcome in such matters may lead to future inquiries or escalate to investigations, legal proceedings or any possible penalties.
- If the company fails to identify and effectively respond to changing consumer preferences in a timely manner, the demand for its products could decrease, causing the company's business, results of operations, financial condition and cash flows to be adversely affected.
- If the company is unable to identify consumer demand accurately and maintain an optimal level of inventory, its business, results of operations, financial condition and cash flows may be adversely affected.
- The company derives a significant portion of its revenues from sale of products from the company stores located in Uttar Pradesh, Karnataka and Assam, and any adverse developments in these states may have an adverse effect on its business, results of operations, financial condition and cash flows.