Vishal Mega Mart IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Vishal Mega Mart IPO.
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.
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.
| Fields | Details |
|---|---|
| IPO Dates | 11 Dec - 13 Dec 2024 |
| IPO Price Band | ₹74 - ₹78 per share |
| Fresh Issue | NIL |
| Offer For Sale | ₹8,000 crore |
| Total IPO Size | ₹8,000 crore |
| Face Value | ₹10 |
| Listing On | BSE, 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.
| Event | Date |
|---|---|
| IPO Opening Date | 11 Dec 2024 |
| IPO Closing Date | 13 Dec 2024 |
| Basis Of Allotment | 16 Dec 2024 |
| Refunds | 17 Dec 2024 |
| Demat Transfer | 17 Dec 2024 |
| IPO Listing Date | 18 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 Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 5,653.85 | 7,618.89 | 8,945.13 | 5,053.42 |
| Total Expenses | 5,384.20 | 7,188.36 | 8,324.18 | 4,711.77 |
| Net Profit/Loss | 202.77 | 321.27 | 461.94 | 254.14 |
| NPM (*) | 3.63 | 4.24 | 5.18 | 5.05 |
| Total Assets | 8,217.98 | 8,288.91 | 8,506.08 | 9,551.75 |
| Total Liabilities | 3,392.79 | 3,132.82 | 2,884.24 | 3,652.76 |
* 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 Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 0.45 | 0.70 | 1.01 | 0.55 |
| ROE (%) | 4.20 | 6.23 | 8.22 | 4.31 |
| ROCE (%) | 56.43 | 75.80 | 68.76 | 29.77 |
| D/E Ratio | 8.30 | 1.71 | NA | NA |
| Current Ratio | 3.94 | 3.89 | 4.65 | 3.60 |
| EBITDA MARGIN (%) | 14.38 | 13.45 | 14.01 | 13.27 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Vishal Mega Mart Limited | 8,911.95 | 77.23 | 1.01 | 8.18 | 12.53 |
| Avenue Supermarts Limited | 50,788.83 | 98.23 | 38.93 | 13.56 | 287.47 |
| Trent Limited | 12,375.11 | 163.59 | 41.82 | 39.99 | 104.59 |
* 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 Type | Shares 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 85.11 |
| Non-Institutional Investor (NII/HNI) | 15.01 |
| Retail Individual Investor (RII) | 2.43 |
| Total | 28.75 |
* 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.