Vishal mega mart IPO: The IPO of Vishal Mega Mart, a major company in the supermarket sector, opened on Wednesday morning. The company has raised Rs 2,400 crore from large (anchor) investors. 18 domestic mutual funds participated through 44 schemes, with their collective stake being 53.33 per cent of the anchor portion.
According to the circular issued on the BSE website, among the large (anchor) investors the companies to which shares were allotted were SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Limited, Axis Mutual Fund (MF), HDFC MF and ICICI Prudential MF. Are included.
Vishal Mega Mart has allotted 30.76 crore shares to 89 funds at Rs 78 per share, which is also the upper end of the price band. This takes the transaction size to Rs 2,400 crore. Vishal Mega Mart had 626 active stores across India as of June 30, 2024. It also has a mobile app and website.
Vishal Mega Mart’s Rs 8,000 crore initial public offering (IPO) opened for subscription on December 11 and will end on December 13. For this, the price range of Rs 74-78 per share has been fixed. The proposed IPO is entirely an offer for sale (OFS) of shares by the promoter Samat Services LLP. This does not involve any new issues. At present Samayat Services LLP holds 96.55 percent stake in Vishal Mega Mart.
Keep an eye on these IPs today: Along with Vishal Mega Mart, the Rs 572 crore IPO of digital payment platform One MobiKwik Systems Limited has also opened today. The IPO of the Maharashtra-based healthcare solutions company will open for public subscription from December 12-16, while anchor investor bidding began today. Sai Life Sciences IPO also opened for subscription today. The IPO of Purple United Sales and Supreme Facility is also open for subscription today.
Disclaimer: This article is for informational purposes only. This is not investment advice. Be sure to consult your financial advisor before making any investment.
edited by : Nrapendra Gupta
