IPO Details
Bidding Dates
11 Dec 24 - 13 Dec 24
Price Range ₹
74 - 78
Total Equity
₹ 5902.70Cr
Lot Size
190
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
2.31×
Qualified Institutional Buyers
80.75×
Employees
0.00×
Retail Investors
2.31×
Total subscription Rate
27.28×
IPO Timeline
Offer start
11 Dec 2024
Offer end
13 Dec 2024
Allotment
16 Dec 2024
Refund initiation
17 Dec 2024
Demat transfer
17 Dec 2024
Listing
18 Dec 2024
Offer start
11 Dec 2024
Offer end
13 Dec 2024
Allotment
16 Dec 2024
Refund initiation
17 Dec 2024
Demat transfer
17 Dec 2024
Listing
18 Dec 2024
About Company
Incorporated in 2001, Vishal Mega Mart is a hypermarket chain offering a diverse range of products, including apparel, groceries, electronics, and home essentials. The company sells both its own brands and third-party products to cater to everyday consumer needs. Its product portfolio spans apparel, general merchandise, and FMCG, featuring its own brands in clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples. Vishal Mega Mart primarily targets middle and lower-middle-income customers, with a network of 645 stores (as of September 30, 2024) across 414 cities in 28 states and two union territories in India, in addition to its mobile app and website. Operating with an asset-light business model, the company leases all its stores and distribution centers, while sourcing products from third-party vendors and brands. As of September 30, 2024, Vishal Mega Mart’s local delivery service, managed by its employees, had 6.77 million registered users and was available in 600 stores across 391 cities. Ranked among the top two offline-first diversified retailers in India, the company employs 16,537 people. Its portfolio of own brands includes Classics, Fashion, Denim, Ethnic (apparel), Tandem (home appliances), Home Select, Home Finery (general merchandise), and Savory Products, Staples, Home Care (FMCG).
Year Founded
26-03-2018
Promotor Details
Neha Bansal
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 96.46 | 74.25 |
| Share Capital | 4453118981 | 3427477956 |
Offer to Public
75,67,56,757.00 Cr
Project Details
- None - Nonecr
Objectives
- The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.
Highlights
- The company has established a vast and loyal customer base, primarily targeting middle and lower-middle-income segments across India.
- Vishal Mega Mart offers a broad selection of products, including apparel, groceries, electronics, and home essentials, meeting the varied needs of consumers.
- By adopting an asset-light business model that involves leasing distribution centers and stores, the company minimizes capital expenditure and emphasizes operational efficiency.
- With a presence in 645 stores across 414 cities, Vishal Mega Mart enjoys a significant national footprint and wide market reach.
- The company utilizes technology to optimize operations, including its mobile app, website, and direct local delivery service, improving the overall customer experience.
Challenges
- Vishal Mega Mart's brands have strong regional recognition but lack nationwide brand equity compared to top competitors.
- Reliance on third-party vendors for product manufacturing increases supply chain risks and reduces control over quality.
- Growing competition from e-commerce platforms may affect foot traffic to physical stores and hinder growth.
- The company is vulnerable to economic downturns, especially as it targets middle and lower-middle-income consumers.
- The asset-light model may limit scalability, particularly in areas with high real estate costs or logistical challenges.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 81,877.72 | 45,033.01 | 45.27 | 45.27 | 0.1037 |
| 2021 | 7,728.07 | 4,484.13 | 2,027.70 | 2,021.21 | 0.4488 |
| 2024 | 84,657.02 | 45,087.19 | 4,619.35 | 4,604.71 | 1.0213 |
| 2020 | 7,392.24 | 4,365.66 | 21.74 | 21.74 | 0.0501 |
| 2023 | 82,103.07 | 45,065.88 | 118.58 | 118.58 | 0.2644 |
