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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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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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.
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