सुपरमार्केट दिग्गज विशाल मेगा मार्ट इस तारीख को ₹8,000 करोड़ का आईपीओ लॉन्च करेगी।

Supermarket giant Vishal Mega Mart to launch ₹8,000 crore IPO on this date.

Vishal Mega Mart, a leading supermarket brand, is preparing to launch its ₹8,000 crore Initial Public Offering (IPO) for public subscription on December 11. The IPO will close on December 13, with the bidding for anchor investors set for December 10.

As per the company's red herring prospectus (RHP), this IPO is an Offer For Sale (OFS) of shares by its promoter, Samayat Services LLP, meaning there will be no fresh issuance of equity shares. Samayat Services LLP currently holds a 96.55% stake in the Gurugram-based company, according to a PTI report. Since the offering is entirely an OFS, Vishal Mega Mart will not raise any funds directly from the issue, and the proceeds will go to the selling shareholder.

The company filed its updated Draft Red Herring Prospectus (DRHP) in October after receiving approval for its confidential offer document from the Securities and Exchange Board of India (SEBI) on September 25. Vishal Mega Mart initially submitted its confidential DRHP in July, allowing SEBI to review and provide comments. Following this, the company filed an updated DRHP incorporating those comments for public review, after which it made further revisions before submitting the final DRHP in October.

Vishal Mega Mart primarily serves middle and lower-middle-income consumers in India, offering a wide range of products across three key categories: apparel, general merchandise, and fast-moving consumer goods (FMCG). As of June 30, 2024, the company operates 626 stores across India and also provides services through its mobile app and website.

News Reference