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Vishal Mega Mart IPO
Price Band
₹74.0–78.0
Issue Size
₹8000.0 Cr
Lot Size
190 shares
Min Investment
₹14,820
GMP
+₹22.0 (28.21%)
Issue Price
₹78.0
Subject to Sauda
₹3200
Paid only if allotted
Vishal Mega Mart IPO AI Summary
- Vishal Mega Mart IPO is listed on BSE, NSE in the Diversified Retail sector.
- Price band: ₹74.0–₹78.0 per share, lot size 190 shares (min. investment ₹14,820).
- Subscription window: 11 Dec–13 Dec 2024, listing on 18 Dec 2024.
- Current GMP is +₹22.0 (28.21%), an estimated listing price of ₹100 — unofficial and can change daily.
Vishal Mega Mart is a prominent player in the diversified retail sector, targeting a wide demographic with a robust business model and a substantial store network. The upcoming IPO aims to raise significant capital, with a favorable market sentiment reflected in the grey market premium.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Vishal Mega Mart IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 13 Dec 2024 — not a current signal.
9 of 11 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Vishal Mega Mart IPO Grey Market Premium (GMP) Today
GMP
+₹22.0
GMP %
+28.21%
Est. Listing
₹100.0
Updated: 25 Jul 2026 14:02
About the Company
Incorporated In 2001, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials. They own their brands and third-party brands to meet the everyday needs of consumers. The company offers a wide range of products across apparel, general merchandise, and FMCG, including its brands for clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples. The company targets middle and lower-middle-income people, through a Pan India network of 645 Vishal Mega Mart stores (as of September 30, 2024) and their Vishal Mega Mart mobile app and website. As of September 30, 2024, the company has a presence across 414 cities in 28 states and two union territories. The company operates an asset-light business model, leasing all its distribution centers and stores, while its products are manufactured by third-party vendors or sourced from third-party brands. As of September 30, 2024, their direct local delivery service, managed by their employees, had 6.77 million registered users and was available in 600 stores across 391 cities in India. The Company Ranked as one of the top two offline-first diversified retailers in India. As of September 30, 2024, they had 16,537 employees. Their portfolio of own Brands: Apparel: Classics, Fashion, Denim, Ethnic General Merchandise: Tandem Home Appliances, Home Select, Home Finery FMCG: Savory Products, Staples, Home Care Their Strengths: Serving a Large and Growing Section of the Indian Population Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base Diverse and Growing Portfolio of their Brands across Product Categories Pan-India Presence with a Track Record of Successful Store Growth Technology Enabled and Systems Driven Operations Professional and Experienced Management Team Track Record of Delivering Revenue, Profit Growth and Capital Efficiency
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 9,551.75 | 8,506.08 | 8,288.91 | 8,217.98 |
| Total Income | 5,053.42 | 8,945.13 | 7,618.89 | 5,653.85 |
| Profit After Tax | 254.14 | 461.94 | 321.27 | 202.77 |
| NET Worth | 5,923.74 | 5,646.59 | 5,180.84 | 4,849.93 |
| Reserves and Surplus | 1,390.27 | 1,113.12 | 649.50 | 321.88 |
| Total Borrowing | 133.50 | 497.41 |
Key Ratios
EPS
₹1.02
NAV
₹12.53
ROCE
68.76%
RoNW
8.18%
P/B Value
6.23
P/E Ratio
76.13
Market Cap
₹35168.01 Cr
PAT Margin
5.18%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Trent Ltd. | 104.59 | 39.99% | 163.59 | 41.82 | 41.82 |
| Avenue Supermarts Ltd | 287.47 | 13.56% | 98.23 | 38.99 | 38.93 |
| Vishal Mega Mart Limited This IPO | 12.53 | 8.18% | — | 1.02 | 1.01 |
Promoters
Samayat Services LLP and Kedaara Capital Fund II LLP
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹5,053.42 Cr in the period ending 30 Sep 2024, down from ₹8,945.13 Cr for the year ending 31 Mar 2024. This decline is notable as the recent figure is for a 9-month period, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹254.14 Cr for the period ending 30 Sep 2024, a decrease from ₹461.94 Cr in the year ending 31 Mar 2024. Again, this is a 9-month figure and not a full year, making direct comparison less straightforward.
Valuation
At the issue price of ₹78.0, Vishal Mega Mart's implied P/E ratio is approximately 76.13, compared to peers like Trent Ltd. trading at a P/E of 163.59 and Avenue Supermarts Ltd. at 98.23.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected price at which shares might trade on their listing day compared to the issue price. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who prefer stable returns and are averse to market fluctuations may want to avoid IPOs, especially in sectors with high competition and consumer sensitivity.
IPO Timeline, Explained
The IPO opens for subscription on December 11, 2024, and closes on December 13, 2024. Allotment of shares will be done by December 16, 2024, and the shares are expected to be listed on December 18, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While positive sentiment can lead to a higher opening price, market conditions and investor sentiment can also lead to losses, so it is essential to approach with caution.
This evaluation is generated from Vishal Mega Mart's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Vishal Mega Mart IPO GMP today?
Vishal Mega Mart IPO GMP today is +₹22.0 (28.21%), indicating an estimated listing price of ₹100. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Vishal Mega Mart IPO?
The price band of Vishal Mega Mart IPO is ₹74.0–₹78.0 per share.
When does Vishal Mega Mart IPO open and close?
Vishal Mega Mart IPO opens on 11 December 2024 and closes on 13 December 2024.
When does Vishal Mega Mart IPO list on the stock exchange?
Vishal Mega Mart IPO listed on 18 December 2024 at ₹100.0.
What is the lot size for Vishal Mega Mart IPO?
The lot size for Vishal Mega Mart IPO is 190 shares, requiring a minimum investment of ₹14,820.
What is the price band for the IPO?
The price band for the IPO is ₹74.0 to ₹78.0.
What is the minimum investment required?
The minimum investment required is ₹14,820.
What is the lot size for the IPO?
The lot size for the IPO is 190 shares.
When is the listing date for the IPO?
The shares are expected to be listed on December 18, 2024.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected price at which shares might trade on their listing day.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Dec 2024
Close
13 Dec 2024
Allotment
16 Dec 2024
Listing
18 Dec 2024
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