Vishal Mega Mart IPO
Vishal Mega Mart, one of the Indian hypermarket chains with a huge focus on fashion, has been revolutionizing retailing in India since its inception in the year 2001. Fashion that's stylish yet not priced in the sky has created an exciting opportunity for serving an all-inclusive target market within Women's, Men's, and Kids'. The brand extends its value proposition from the Clothing division to Home and Kitchen appliances and travel gear.
Min Investment
₹14820
Price Range
₹74.0 - 78.0
Issue Size
₹8000.00 Cr
IPO Type
Mainboard
Key Metrics
Face Value
₹ 10
EPS
₹ 1.13
P/E Ratio
69.19 x
RoNW
8.18%
ROE
8.57%
Debt to Equity
23.9%
Timeline
IPO Opens
11/12/2024
IPO Closes
13/12/2024
Allotment
16/12/2024
Refund
17/12/2024
Listing
18/12/2024
IPO Objectives
- The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder.
- The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.
Strengths
- The company is focused on serving a large and fast growing section of the Indian population through its diversified product portfolio.
- The company has a consumer-centric approach which results in a loyal consumer base.
- Vishal Mega Mart has a pan-India Presence as it operates through a network of 645 stores located across 414 Tier 1 cities, Tier 2 cities and in India as of September 30, 2024.
Weaknesses
- The company does not manufacture any of the products which are sold under its own brand in its stores and relies entirely on third party vendors.
- A failure to identify and respond to changing consumer preferences in a timely manner could cause a decrease in demand negatively impacting the business.
- The company operates its stores, distribution centres and corporate offices from premises that are taken on a leasehold basis, this exposes the company to risks associated with leasing real estate.
Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 9551.75 | 8506.08 | 8288.91 | 8217.98 |
| Revenue (₹ Cr.) | 5053.42 | 8945.13 | 7618.89 | 5653.85 |
| PAT (₹ Cr.) | 254.14 | 461.94 | 321.27 | 202.77 |
| Net Worth (₹ Cr.) | 5923.74 | 5646.59 | 5180.84 | 4849.93 |
Peer Comparison
| Company | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|
| Trent | 136.97 x | 29.14% | 4103 |
| Avenue Super | 92.16x | 13.34% | 18697 |
Subscription Details
IPO Bidding Live Updates from BSE, NSE
| Date | # of Share Offered | Number of Lots Offered | 11th Dec 2024 19:04 | 12th Dec 2024 19:04 | 13th Dec 2024 18:21 |
|---|---|---|---|---|---|
| QIB | 20,51,28,206 | 1079622 | 0.03x | 0.50x | 85.11x |
| NII | 15,38,46,154 | 809717 | 1.18x | 4.05x | 15.01x |
| S-NII | 5,12,82,051 | 269906 | 1.08x | 3.36x | 10.37x |
| B-NII | 10,25,64,103 | 539811 | 1.22x | 4.40x | 17.34x |
| RII | 35,89,74,359 | 1889339 | 0.56x | 1.23x | 2.43x |
| Total | 71,79,48,719 | 3778677 | 0.54x | 1.63x | 28.75x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 20,51,28,206 | 17,45,85,59,260 | 1,36,176.76 | ||
| NII | 15,38,46,154 | 2,30,99,98,530 | 18,017.99 | ||
| Small NII | 5,12,82,051 | 53,17,17,090 | 4,147.39 | ||
| Big NII | 10,25,64,103 | 1,77,82,81,440 | 13,870.60 | ||
| RII | 35,89,74,359 | 87,39,64,090 | 6,816.92 | ||
| Total | 71,79,48,719 | 20,64,25,21,880 | 1,61,011.67 |
Company Details
- Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016
+91 124 - 4980000
- secretarial@vishalwholesale.co.in
- https://www.aboutvishal.com/
Registrar Details
- Kfin Technologies Limited
04067162222, 04079611000
- vmm.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
