Liquidity Events
Vishal Mega Mart’s Rs.8,000-Cr IPO subscribed 27 times
Gurugram-based Vishal Mega Mart 's INR 8,000 crore initial public offer received 27.28 times subscription. The initial public offer (IPO) got bids for 20,64,25,23,020 shares against 75,67,56,757 shares on offer.The IPO is entirely an offer-for-sale (OFS) of shares by Kedaara Capital unit, Samayat Services LLP. The price range is fixed at INR 74-78 a piece.The Qualified Institutional Buyers (QIBs) portion received 80.75 times subscription while the quota for Non-Institutional Investors (NIIs) got subscribed 14.25 times. Retail Individual Investors (RIIs) category fetched 2.31 times subscription.Kotak Mahindra Capital, ICICI Securities, Intensive Fiscal Services, Jefferies India, J P Morgan India, and Morgan Stanley India are the book-running lead managers for the issue.Vishal Mega Mart is a hypermarket chain that sells apparel, general merchandise, and groceries. As of September 2024, it has 645 stores across 414 cities in 28 states and two Union Territories.
In May 2018, Vishal Mega Mart had raised about USD 805 M from Partners Group and Kedaara Capital.
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