On December 13, 2024, the final day and shutting of the bidding means of Vishal Mega Mart Ltd (VMML) IPO obtained a bid for 20,64,25,23,020 shares or 27.28 instances in opposition to 75,67,56,757 shares, in accordance with the exchanges. VMML has launched the IPO with a value band between Rs 74 and Rs 78 per share to lift Rs 8,000 crore via an offer-for-sale (OFS). Forward of the opening share sale window, the hyperchain market firm has mobilised Rs 2,400 crore from anchor buyers, in accordance with a submitting on the exchanges.
Class-wise, Certified Institutional Consumers (QIBs) emerged as the highest bidders, surpassing Non-Institutional Traders (NIIs), often known as Excessive Internet Price People (HNIs). HNIs led the cost within the preliminary two-day bidding course of. Here is a breakdown of the curiosity proven by NIIs, Retail Particular person Traders (RIIs), and QIBs within the three-day sale:
The QIBs, NIIs, and Retailer portion subscribed 80.75 instances, 14.25 instances, and a pair of.31 instances, respectively.
The portion reserved for them is as follows:
QIBs: 21,62,16,215
NIIs: 16,21,62,163
Retailers: 37,83,78,379
The IPO doesn’t comprise allocation reserved for the Staff and Shareholder classes.
Here’s a abstract of the primary two days bidding sale:
Second-day, December 12, 2024
Non-Institutional Traders (NIIs): Oversubscribed 3.84 instances or 62,31,20,010 shares in opposition to 16,21,62,163 shares reserved for them
Retail Particular person Traders (RIIs): Subscribed 1.16 instances or 43,97,79,130 shares in opposition to 37,83,78,379 shares, allotted for the RIIs
Certified Institutional Consumers (QIBs): With minimal participation, the QIBs portion obtained a bid for 10,32,05,720 shares in opposition to 21,62,16,215 shares
First-day, December 11, 2024
On the primary day of the bidding course of, the problem subscribed 38,63,32,890 shares, accounting for 51 per cent of the whole concern dimension.
Non-Institutional Traders (NIIs): Oversubscribed to 111 per cent or 18,04,13,740 shares in opposition to 16,21,62,163 shares reserved for them
Retail Particular person Traders (RIIs): Subscribed 53 per cent or 19,96,23,880 shares in opposition to 37,83,78,379 shares, allotted for the RIIs
Certified Institutional Consumers (QIBs): With minimal participation, the QIBs portion obtained a bid for 62,95,270 shares in opposition to 21,62,16,215 shares
Vishal Mega Mart IPO | Lot dimension, allotment & itemizing dates
The allotment date is fastened on Monday, December 16 which implies candidates can test their standing on December 17. The Vishal Mega Mart inventory will debut on Wednesday, December 18, 2024. The lot dimension of the IPO is 190 shares.
BRLMs & registrar
Guide Operating Lead Managers (BRLMs): Jefferies India, JPMorgan India, Morgan Stanley India, Kotak Mahindra Capital, ICICI Securities, and Intensive Fiscal Providers.
Official Registrar: KFin Applied sciences.
