Vishal Mega Mart IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Get everything you need to know about the Vishal Mega Mart IPO.

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Status
Listed
Biding Dates
11 Dec - 13 Dec 2024
Price Range
₹74 - ₹78
Min Investment
14,820
Lot Size
190 shares
Issue Size
₹8,000 crore
Listed Price
₹11041.03%

Overview

Vishal Mega Mart Limited is a leading diversified retailer in India, catering to the middle- and lower-middle-income segments of the population. With a robust pan-India presence comprising 645 stores (as of September 30, 2024), a dedicated mobile application, and an e-commerce website, the company serves as a one-stop destination for aspirational and daily consumer needs. Offering a diverse range of products across three major categories—apparel, general merchandise, and fast-moving consumer goods (FMCG)—the company focuses on variety, quality, affordability, and convenience. Ranked among the top offline-first diversified retailers in India, Vishal Mega Mart has demonstrated significant growth, driven by its consumer-centric approach and strong market positioning. The company is recognized for its ability to capture evolving consumer preferences, blending its portfolio of own brands with third-party offerings.

Key Points:

  • Product Categories:
    • Apparel: Own-brand apparel for men, women, and children, spanning t-shirts, denim, ethnic wear, innerwear, and more.
    • General Merchandise: Home appliances, crockery, home furnishings, footwear, toys, and other essentials.
    • FMCG: Packaged food, staples, and non-food products, including personal care and household items.
  • Market Position
    • Among the top three offline-first diversified retailers in India (as of March 31, 2024).
    • Fastest-growing in the segment with strong same-store sales growth in FY2024.
  • Customer Focus
    • Serves India’s expanding middle- and lower-middle-income households.
    • Tailored offerings for aspirational retail markets prioritizing quality and affordability.
  • Own brands constitute approximately 70% of the company’s revenue, demonstrating strong brand loyalty.
  • Revenue from own-brand sales grew at a CAGR of 27.72% between FY2022 and FY2024.
  • Retail Network: 645 stores across India as of September 30, 2024.
  • Online Channels: Vishal Mega Mart mobile app and website ensure accessibility for consumers nationwide.

IPO Docs

Objects of the Issue

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges
  • Carry out the Offer for Sale of aggregating to ₹8,000 crore by the Promoter Selling Shareholder.

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates11 Dec - 13 Dec 2024
IPO Price Band₹74 - ₹78 per share
Fresh IssueNIL
Offer For Sale₹8,000 crore
Total IPO Size₹8,000 crore
Face Value₹10
Listing OnBSE, NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date11 Dec 2024
IPO Closing Date13 Dec 2024
Basis Of Allotment16 Dec 2024
Refunds17 Dec 2024
Demat Transfer17 Dec 2024
IPO Listing Date18 Dec 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202231st March 202331st March 2024Sep 2024
Total Income5,653.85 7,618.898,945.135,053.42
Total Expenses5,384.207,188.368,324.184,711.77
Net Profit/Loss202.77321.27461.94254.14
NPM (*)3.634.245.185.05
Total Assets8,217.988,288.918,506.089,551.75
Total Liabilities3,392.793,132.822,884.243,652.76

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202231st March 202331st March 2024Sep 2024
EPS0.450.701.010.55
ROE (%)4.206.238.224.31
ROCE (%)56.4375.8068.7629.77
D/E Ratio8.301.71NANA
Current Ratio3.943.894.653.60
EBITDA MARGIN (%)14.3813.4514.0113.27

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Vishal Mega Mart Limited8,911.9577.231.018.1812.53
Avenue Supermarts Limited50,788.8398.2338.9313.56287.47
Trent Limited12,375.11163.5941.8239.99104.59

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

IPO Reservation

Investor TypeShares Offered
Qualified Institutional Buyer (QIB)Not less than 50%
Non-Institutional Investor (NII/HNI)Not less than 15%
Retail Individual Investor (RII)Not less than 35%

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)85.11
Non-Institutional Investor (NII/HNI)15.01
Retail Individual Investor (RII)2.43
Total28.75

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

KFin Technologies Limited
Phone
: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com

Company Promoters

  • SAMAYAT SERVICES LLP
  • KEDAARA CAPITAL FUND II LLP

Lead Managers

  • Kotak Mahindra Capital Company Limited
  • ICICI Securities Limited
  • Intensive Fiscal Services Private Limited
  • Jefferies India Private Limited
  • J.P. Morgan India Private Limited
  • Morgan Stanley India Company Private Limited

Company Address

Vishal Mega Mart Limited

Plot No. 184, Fifth Floor Platinum Tower, Udyog Vihar Phase-1 Gurugram 122016 Haryana, India

Phone: +91 124 - 4980000

Email: secretarial@vishalwholesale.co.in

Website: www.aboutvishal.com

FAQs

  • What is the issue size of the Vishal Mega Mart IPO?
    The Vishal Mega Mart IPO has an issue size of ₹8,000 crore. This includes a fresh issue of NIL and an offer for sale (OFS) of ₹8,000 crore.
  • What is the price band of the Vishal Mega Mart IPO?
    The price band for the Vishal Mega Mart IPO is ₹74 - ₹78 per share.
  • What are the bidding dates for the Vishal Mega Mart IPO?
    The Vishal Mega Mart IPO will open for bidding on 11 Dec 2024 and close on 13 Dec 2024.
  • What is the allotment date for the Vishal Mega Mart IPO?
    The allotment date for the Vishal Mega Mart IPO is 16 Dec 2024.
  • What is the minimum lot size and investment required for the Vishal Mega Mart IPO?
    The minimum lot size for the Vishal Mega Mart IPO is 190 shares and the minimum investment required is ₹14,820.
  • What is the listing date for the Vishal Mega Mart IPO?
    The listing date for the Vishal Mega Mart IPO is 18 Dec 2024.
  • What is the Vishal Mega Mart IPO grey market premium?
    The grey market premium (GMP) for the Vishal Mega Mart IPO is currently at ₹22, with an expected listing gain of approximately 28.21%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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