Vishal Mega Mart IPO: Check allotment status, GMP, listing date and other details

The share allotment of Vishal Mega Mart IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Firstly, here's how you can know the status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

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To check the status of Vishal Mega Mart IPO allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps.

Step 1: Visit the Kfin Technologies website (https://ipostatus.kfintech.com/)

Step 2: Select Vishal Mega Mart IPO

Step 3: Enter the PAN details and click search to know the status

Vishal Mega Mart GMP

The company's shares are expected to get listed on the exchanges on December 18. According to market sources, Suraksha Diagnostic is trading with a GMP of Rs 19 in the unlisted market, which translates to a premium of 24% to the issue price.

Vishal Mega Mart IPO subscription

The IPO of Vishal Mega Mart received strong response from investors with an overall subscription of 28 times at close. Since the IPO is completely an OFS, the company will not receive any proceeds from the issue.

Founded in 2001, Vishal Mega Mart is a fashion-centric hypermarket chain with a strong presence across India. The General Merchandise section features home and kitchen appliances alongside travel products, while the Food and Groceries section stocks a range of FMCG items, including personal and household care essentials. In 2018, the company underwent a significant ownership change when Partners Group of Switzerland and India’s Kedaara Capital acquired a majority stake. As of September 30, the brand operates 645 franchised stores in 414 cities, encompassing more than 11 million square feet of retail space.

The company currently boasts a market capitalization of Rs 35,168.01 crore. In FY24, the company achieved a year-on-year revenue growth of 17.41%, with its profit after tax soaring by 43.78%.

The public offer is managed by KFin Technologies, appointed as the official registrar. Leading the IPO are Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India, and Morgan Stanley India, ensuring robust management of the process.

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