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Vishal Mega Mart Makes a Strong Debut on NSE, Shares List with a 33% Premium Over IPO Price!

Vishal Mega Mart's stock made a strong debut on the NSE, listing at Rs 104, a 33.33% premium over the IPO price of Rs 78, offering significant gains to investors.
Vishal Mega Mart Debuts Strong on NSE with 33% Premium, Market Cap Hits ₹4,689 Cr!

Vishal Mega Mart made a strong debut on the NSE, listing at a 33.33% premium over its IPO price of Rs 78. Opening at Rs 104, the company’s market capitalization reached Rs 4,689 crore, delivering significant gains to IPO investors.

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Also Read: Railway stock jumps 4.5% after it receives order worth ₹187.41 Cr from Govt of Chhattisgarh

Vishal Mega Mart’s Rs 8,000-crore IPO saw massive demand, with subscriptions exceeding 27 times during the three-day bidding period. Investors bid for 2,064 crore shares, while only 75.67 crore shares were available. Allotments were made at the higher price of Rs 78 per share.

Vishal Mega Mart Limited is a leading offline-first retailer in India, offering apparel, FMCG, and general merchandise through 645 stores and online platforms. With an asset-light model, focus on sustainability, inclusivity, and eco-friendly practices, it aims for rapid growth and nationwide reach.

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Also Read: IT stock jumps 9% after it receives order worth ₹56 Cr for modernization project in West Bengal

Vishal Mega Mart’s IPO aims to raise funds for business expansion, debt reduction, and working capital needs. The proceeds will help strengthen its financial position, boost brand visibility, and support the company’s long-term growth strategy.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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