Vishal Mega Mart fixes IPO price band — Check lot size and other details – CNBC TV18

Vishal Mega Mart, the company operating supermarket stores across India, has fixed the price band for its three-day Initial Public Offering (IPO) between ₹74 – ₹78 per share.

The ₹8,000 crore IPO will open for subscription on Wednesday, December 11, and close on Friday, December 13.

Vishal Mega Mart shares will carry a face value of ₹10 apiece.

The IPO will be a complete Offer For Sale (OFS), which means no part of the proceeds will be received by the company.
Potential bidders can bid for one lot of 190 shares and in multiples of that thereafter.

At the upper end of the price band, one lot of Vishal Mega Mart would entail a minimum investment of ₹14,820 from bidders.

50% of the nearly 102.5 crore shares that will be up for bidding have been reserved for institutional shareholders (QIBs), while 15% will be reserved for non-institutional shareholders. The remaining 35% of the shares in the IPO will be reserved for retail shareholders.

Samayat Services LLP is the only promoter selling shareholder in the entire IPO. The weighted average cost of acquisition of these shares for them has been described as ₹10.14 per share.

At the upper end of the price band, the price-to-earnings ratio for Vishal Mega Mart on a diluted Earnings Per Share (EPS) basis for financial year 2024 will be 77.23 times.

At its size, Vishal Mega Mart will be among the largest IPOs of the year, following Hyundai Motors India’s ₹27,000 crore issue, Swiggy’s ₹11,000 crore-plus issue and NTPC Green Energy’s ₹10,000 crore offering.