Vishal Mega Mart IPO: Will It Soar 30% on Listing Day?

Vishal Mega Mart IPO: Will It Soar 30% on Listing With share allotments finalized, investors and market observers are eagerly anticipating the listing dates for Vishal Mega Mart Limited, One Mobikwik Systems Limited, and Sai Life Sciences Limited. Under the new T+3 listing rule effective from 1st December 2023, IPOs must list on Indian exchanges within three working days after the bidding process concludes. Accordingly, the expected listing date for these IPOs is 18th December 2024, i.e., tomorrow.

Grey Market Premium (GMP) Trends

Vishal Mega Mart IPO: Will It Soar 30% on ListingThe grey market provides early indicators of potential listing gains for IPO investors.

1. Mobikwik IPO GMP Today:

• The grey market premium for Mobikwik IPO is ₹166.
• Based on this premium, Mobikwik’s listing price is projected to be around ₹445.
• This indicates a potential 59% listing gain for allottees.

2. Vishal Mega Mart IPO GMP Today:

• The Vishal Mega Mart IPO is quoting a grey market premium of ₹20.
• This suggests the expected listing price is approximately ₹98.
• Investors could see an estimated 26% listing gain.

3. Sai Life Sciences IPO GMP Today:

• Sai Life Sciences IPO GMP is at ₹62.
• The grey market anticipates a listing price of around ₹611.
• This points to a possible 11% return for investors.

Expert Advice

Vishal Mega Mart IPO: Will It Soar 30% on Listing Stock market experts caution that GMP should not be the sole criterion for predicting listing performance. The grey market operates outside regulatory oversight and does not reflect a company’s financial fundamentals. Investors are advised to evaluate a company’s balance sheet, financial health, and other key metrics before forming an investment strategy.

Vishal Mega Mart is set to list on the stock market on December 18, 2024

Vishal Mega Mart Share Listing Date: GMP Rises — Check Your Allotment Status

Vishal Mega Mart IPO: Will It Soar 30% on Listing Shares of Vishal Mega Mart are set to debut on Dalal Street on Wednesday, December 18, 2024, following the completion of the allotment process on December 16, 2024. Investors who applied for the ₹8,000 crore IPO will receive notifications, including alerts, emails, or messages regarding their allotment status or any revocation of mandates, by Tuesday, December 17.

IPO Details

• Price Band: ₹74-78 per share
• Minimum Lot Size: 190 shares
• Subscription: The IPO was oversubscribed 27 times during the 3-day bidding period, which started on December 11, 2024.

How to Check Allotment Status

Vishal Mega Mart IPO: Will It Soar 30% on Listing Investors can verify their allotment status on the official websites of BSE and KFin Technologies Limited.

Grey Market Premium (GMP) and Expected Gains

The grey market premium (GMP) for Vishal Mega Mart IPO has witnessed a slight uptick in recent days. Currently, the GMP stands at ₹20.50, up from ₹16 on the final bidding day. This suggests an anticipated listing price of ₹98.50 per share, indicating potential listing gains of approximately 26.28% for investors.

About Vishal Mega Mart

Vishal Mega Mart IPO: Will It Soar 30% on Listing Established in 2001, Vishal Mega Mart is a leading hypermarket chain in India, offering a diverse range of products, including:

• Apparel
• Groceries
• Electronics
• Home essentials
• Fast-moving consumer goods (FMCG)

The company markets its private label brands alongside popular third-party products, addressing the needs of a wide consumer base.

Analysts’ Views

Vishal Mega Mart IPO: Will It Soar 30% on Listing Analysts and brokerage firms are largely optimistic about Vishal Mega Mart’s IPO for long-term investors, citing:

• Strong market presence in the retail sector
• Efficient supply chain management
• Steady financial performance

However, some analysts note concerns regarding the company’s relatively limited profitability.

Vishal Mega Mart’s IPO allotment has been finalized, and the shares are set to list on the stock market on December 18, 2024

Vishal Mega Mart IPO Allotment Finalized, GMP Surges Ahead of Listing — Check If You Got Shares

Vishal Mega Mart IPO: Will It Soar 30% on Listing With Vishal Mega Mart’s share listing scheduled for December 18, the IPO allotment was finalized on December 16, and the stock is seeing significant activity in the grey market. The IPO received a robust response, with investor bids totaling ₹1.61 lakh crore, indicating strong market interest. The shares are set to debut on the NSE and BSE tomorrow.

Grey Market Premium (GMP) Update

The GMP for Vishal Mega Mart shares has surged to over 25%, reflecting positive investor sentiment. According to platforms like Investorgain and IPO Watch, the stock is projected to list at a premium of ₹19-20 over its issue price.

• IPO Price Band: ₹74-78 per share
• Expected Listing Price: Around ₹97-98

The GMP has shown steady improvement from 20% last week, although it is lower than the 35% levels seen prior to the IPO opening.

IPO Subscription and Demand

The ₹8,000-crore IPO saw exceptional demand, with an oversubscription of 27 times:

• Shares Offered: 75.67 crore
• Total Bids Received: 2,064 crore shares

How to Check Allotment Status

Investors can verify their share allotment status on the following official websites:

• KFin Technologies Limited (Registrar)
• NSE
• BSE

Vishal Mega Mart’s Market Position and Growth Strategy

Vishal Mega Mart IPO: Will It Soar 30% on Listing Vishal Mega Mart operates a network of 645 stores across India and is recognized for its affordable product offerings, including apparel starting at ₹99 and groceries. It competes with major retail players such as DMart and Tata Group’s Star Bazaar in India’s $600 billion grocery and supermarket sector.

Key Competitive Advantage

While inflation and the rise of quick-commerce platforms pose challenges to competitors, Vishal Mega Mart is relatively insulated, as 70% of its stores are located in smaller cities where quick-commerce is still emerging.

Analyst Views

Analysts remain optimistic about Vishal Mega Mart’s growth potential, particularly due to its low-cost offerings, strong market presence in Tier-II and Tier-III cities, and efficient operations.