Vishal Mega Mart serves as a comprehensive shopping destination catering to India’s middle and lower-middle-income groups via their 626 Vishal Mega Mart stores & Vishal Mega Mart mobile application and website. Vishal Mega Mart IPO will hit the stock market in December 2024.
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About Vishal Mega Mart
They offer a diverse selection of merchandise, featuring a mix of their own brands and third-party brands, designed to meet both the everyday needs and aspirational desires of their customers.
Vishal Mega Mart Limited offers a wide range of products across apparel, general merchandise, and FMCG. As of March 31, 2024, it ranked among the top three offline-first diversified retailers in India by retail space.
The company was also the fastest-growing in its segment, with significant profit growth between FY 2021 and FY 2024, and stood among the top two in same-store sales growth for FY 2024.
Credit : Vishal Mega mart IPO DRHP
Vishals’ Own Brands
Vishal Mega Mart offers a diverse and expanding portfolio of own brands across apparel, general merchandise, and FMCG categories. In apparel, their brands cater to men, women, children, and infants. Their general merchandise brands cover household items, home furnishings, travel accessories, kitchen appliances, utensils, crockery, footwear, and lifestyle products. In FMCG, their brands include food products, non-food items, and staples.
Vishal Mega Mart’s own brands are key contributors to its sales, accounting for 74.09%, 71.81%, 70.50%, and 70.20% of revenue from operations during the three months ended June 30, 2024, and the Financial Years 2024, 2023, and 2022, respectively.
This translated to revenues of ₹19,236.22 million, ₹63,993.42 million, ₹53,479.79 million, and ₹39,228.81 million for the same periods. Sales of their own brands grew at a robust CAGR of 27.72% between FY 2022 and FY 2024.
Clientle
They focuses on serving middle and lower-middle-income households in India. Between 2018 and 2023, the number of middle-income households grew from approximately 201 million to 225 million (around 945 million individuals), driven by economic development, increased formal employment, and a shift from an agrarian to a manufacturing- and services-based economy.
The aspirational retail market in India was valued at ₹68-72 trillion (US$ 820-870 billion) in 2023 and is projected to grow at a CAGR of 9%, reaching ₹104-112 trillion (US$ 1,250-1,350 billion) by 2028.
The aspirational retail market has witnessed a steady shift toward organized retail, driven by rising quality standards, broader product assortments, competitive pricing, growing urban density, and significant untapped potential for organized players in the segment.
Credit : Vishal Mega mart IPO DRHP
Vishal Mega Mart IPO
Vishal Mega Mart Limited, headquartered in Gurugram has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 8,000 Crore on 17 October 2024.
The offer doesn’t includes any fresh issue and there is offer for sale (OFS) of 8,000 Crore by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.
They have not got approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market as of now.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 30-Jun-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | ||
| Total Assets | 9,114.82 | 8,506.08 | 8,288.91 | 8,217.98 | |
| Total Revenue | 2,603.98 | 8,945.13 | 7,618.89 | 5,653.85 | |
| Profit After Tax | 150.15 | 461.94 | 321.27 | 202.77 | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2022 | 0.45 | 0.45 | 3 |
| Financial Year 2023 | 0.71 | 0.70 | 2 |
| Financial Year 2024 | 1.02 | 1.02 | 1 |
| Weighted Average | 0.82 | 0.81 | |
| 30 Jun. 2024 | 0.33 | 0.33 |
Objects of the Issue
- The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder
- To meet common corporate objectives.
Basis of the offer
They feel that the following are some of the qualitative aspects that go into determining the Offer Price:
- Focused on Serving a Large, Growing Consumer Base: Addresses the needs of a vast and expanding segment of the Indian population through a diversified product portfolio, maintaining quality and price leadership.
- Consumer-Centric Approach: Maximizes quality, affordability, variety, and convenience, building a loyal customer base.
- Diverse Portfolio of Own Brands: Features a growing range of brands in apparel, general merchandise, and FMCG; 19 brands recorded sales above ₹1,000 million, with six exceeding ₹5,000 million in FY2024.
- Pan-India Presence: Operates 626 stores across 403 Tier 1 and Tier 2 cities and beyond as of June 30, 2024.
- Technology-Driven Operations: Leverages advanced systems for timely and cost-effective merchandise delivery.
- Experienced Leadership: Key management personnel average 21 years in the retail and consumer industry, with 7 years in the organization.
Vishal Mega Mart Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Avenue Supermarts Limited | 107.05 |
| 2 | 1 | Trent Limited | 186.65 |
Vishal Mega Mart IPO Details
| IPO Opening Date | December 2024 |
| IPO Closing Date | December 2024 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | 0 |
| Min Amount | 0 |
| Listing At | BSE, NSE |
| Issue Size | 8,000 Crore |
| Fresh Issue | N/A |
| Offer for Sale | 8,000 Crore |
Vishal Mega Mart IPO Date
Vishal Mega Mart IPO opening date is December 2024, and the closing date is December 2024. The Vishal Mega Mart issue may list in December 2024.
| IPO Opening Date | December 2024 |
| IPO Closing Date | December 2024 |
| Basis of Allotment Date | December 2024 |
| Initiation of Refunds | December 2024 |
| Credit of Shares to Demat Account | December 2024 |
| IPO Listing Date | December 2024 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 35 | Minimum 1 lot based on availability |
Vishal Mega Mart IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Vishal Mega Mart IPO.
Vishal Mega Mart IPO GMP
Vishal Mega Mart IPO Grey Market Premium is 0.
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
| December 2024 | |||
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| December 2024 |
Vishal Mega Mart IPO Review
Vishal Mega Mart IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Vishal Mega Mart IPO is good or bad.
Vishal Mega Mart IPO Negative
- They do not manufacture the products sold in their stores, relying entirely on third-party vendors to meet their specifications, quality, design, and manufacturing standards.
- The company has received two directives from the Enforcement Directorate requesting information and documents as part of an ongoing investigation.
- They have faced negative cash flows in the past and cannot guarantee that their net cash flows will be positive in the future.
- Their stores, distribution centers, and both registered and corporate offices are located in leased premises.
- Additionally, in the past 12 months, they have issued Equity Shares at a price that may have been lower than the Offer Price.
Vishal Mega Mart IPO Postives
- The company reported significant growth in revenue and profits in the last 3 years, indicating a positive trajectory.
- The company continues to expand its retail footprint with 626 stores operational as of June 2024, up from 611 in March 2024.
- They are targeting the lower-middle-income consumer segment. This segment offers a large and underpenetrated market with significant growth opportunities.
- Vishal Mega Mart has established a strong brand presence in India, particularly in non-metro and tier-II cities.
- They offers a diverse range of products across various categories, including apparel, footwear, general merchandise, and homeware. It helps mitigate risks associated with any particular product category and ensures a steady revenue stream.
Growth
They have a diverse and expanding portfolio of own brands across apparel, general merchandise, and FMCG categories. In FY2024, 19 of their brands achieved sales exceeding ₹1,000 million each, with six surpassing ₹5,000 million.
Their apparel brands cater to men, women, children, and infants, while their general merchandise includes home furnishings, travel accessories, kitchenware, crockery, footwear, and lifestyle products. Their FMCG brands cover food, non-food items, and staples.
In addition to developing new own brands, they continue to expand the product range within their existing brands. For example, their ‘Tandem’ home appliances brand has grown significantly over the last three financial years, adding products such as air fryers, garment steamers, egg boilers, beard trimmers, juicers, sound bars, travel speakers, induction cooktops, and vegetable choppers.
Vishal Mega Mart IPO Brokerage views
Here is the views of different stock brokers regarding this IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Vishal Mega Mart IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| December 2024 | 1 | |||||
| December 2024 | 2 | |||||
| December 2024 | 3 |
Management
The organization is led by a skilled management team under a distinguished board of directors. Gunender Kapur, their MD and CEO, has 41+ years of experience in consumer and retail sectors. Key leaders include Amit Gupta (CFO), Manoj Kumar (COO), Dhruva Kumar Dubey (CHRO), and Karthik Kuppusamy (CIO).
Category heads Anne Puvis, Samir Agrawal, and Vishal Mehrotra oversee apparel, general merchandise, and FMCG, respectively, while S. Raamesh leads supply chain and Kuldeep Sharma manages legal and compliance.
As of June 30, 2024, they employed 15,617 individuals, detailed as follows:
Credit : Vishal Mega mart IPO DRHP
Promoters
- Samayat Services LLP
- Kedaara Capital Fund II LLP
Promoter’s Holding
| Pre Issue Share Holding | 96.55% |
| Post Issue Share Holding |
Vishal Mega Mart Limited IPO Prospectus
Contact Details
Vishal Mega Mart Limited
Plot No. 184, Fifth Floor Platinum Tower,
Udyog Vihar Phase-1,
Gurugram 122016 Haryana, India
Tel: : +91 124- 4980000
E-mail: [email protected]
Website: www.aboutvishal.com
Registrar
Link Intime India Private Limited
Selenium, Tower B, Plot No-31 and 32
Financial District, Nanakramguda,
Serilingampally
Hyderabad, Rangareddi 500 032
Telangana, India
Tel.: +91 1800 309 4001/ +91 40 6716 2222
E-mail: [email protected]
Website: www.linkintime.co.in
Lead Manager(s)
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
- Intensive Fiscal Services Private Limited
- Morgan Stanley India Company Private Limited
- J.P. Morgan India Private Limited
- Jefferies India Private Limited
We hope we are able to answer all your questions about Vishal Mega Mart IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
We do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Vishal Mega Mart IPO Opening Date?
Vishal Mega Mart IPO will open on December 2024.
Vishal Mega Mart IPO Listing Date?
Vishal Mega Mart IPO will list 0n December 2024.
Vishal Mega Mart IPO GMP Today?
Vishal Mega Mart IPO Grey Market Premium is INR 0 .
Vishal Mega Mart IPO Allotment Date?
Vishal Mega Mart IPO basis of allotment will be on December 2024.
Lot size for Vishal Mega Mart IPO?
Lot size for Vishal Mega Mart IPO is 0.
