Vishal Mega Mart IPO Allotment Status: Check Allotment Status Online

 The IPO of Vishal Mega Mart, a prominent hypermarket chain, was open for subscription from December 11, 2024, to December 13, 2024. The allotment of shares is likely to happen on, December 16, 2024.

Vishal Mega Mart IPO Details

The IPO was a complete Offer for Sale (OFS) of 102.56 crore shares, aiming to raise ₹8,000 crore. The price band was set at ₹74-78 per share, with investors required to bid for a minimum of 190 shares and in multiples thereafter. The subscription period for the IPO ran from December 11, 2024, to December 13, 2024. The basis of allotment is expected to be finalized today, and shares are likely to be credited to investors' demat accounts by December 17, 2024. The company's shares are tentatively scheduled for listing on the stock exchanges on December 18, 2024.

Checking the Allotment Status

Steps to Check Allotment Status on NSE

Visit NSE’s IPO bid verification page Register on the website if you are a new user.Select ‘Vishal Mega Mart’.Enter details such as your application number.Click on ‘Get Data’.

Steps to Check Allotment Status on BSE

Visit the BSE website Select 'Equity' in the Issue Type field.Choose 'Vishal Mega Mart Limited' from the Issue Name dropdown menu.Enter your Application No. or PAN.Verify by ticking 'I am not a robot' and click on 'Search'.

Steps to Check Allotment Status on Kfin Technologies

Visit the IPO registrar’s website Choose 'Vishal Mega Mart Limited' from the Select IPO dropdown menu.Select either Application No., Demat Account, or PAN.Enter the details as per the option selected.Enter the Captcha code and click on Submit. Your Vishal Mega Mart IPO allotment status will be displayed on the screen.

Vishal Mega Mart Business Overview

Founded in 2001, Vishal Mega Mart is a prominent hypermarket chain that provides a wide selection of products, including clothing, groceries, electronics, and household essentials.  

The company addresses the daily needs of consumers by offering products from its in-house brands alongside those from various third-party brands.

Targeting middle- and lower-middle-income groups, Vishal Mega Mart operates through a robust network of 645 stores across the country (as of September 30, 2024), supported by its mobile app and e-commerce platform. The company’s reach extends to 414 cities across 28 states and two union territories.  

Vishal Mega Mart IPO Day 3 Subscription Status 

On the third day of bidding, the Vishal Mega Mart IPO achieved a subscription rate of 28.75 times the total shares on offer. 

The Non-Institutional Investors (NIIs) showed significant interest, subscribing 15.01 times their designated quota. The Retail Investors segment also garnered exceptional participation, with subscriptions soaring to 2.43 times their allocation. Meanwhile, the Qualified Institutional Buyers (QIBs) recorded a subscription level of 85.11 times.

Utilization of IPO Proceeds

The Company will not receive any proceeds from the Offer for Sale conducted by the Promoter Selling Shareholder. The entire proceeds from the Offer for Sale, after deducting the applicable portion of Offer-related expenses and relevan