The allotment process for the Vishal Mega Mart Initial Public Offering (IPO) is a key focus for investors today, Monday, December 16, 2024. The IPO, which closed on December 13, 2024, saw strong participation from investors, and the allotment is expected to be finalized soon. Here’s everything you need to know about the allotment, Grey Market Premium (GMP), and listing date.
How to Verify the IPO Allotment Status of Vishal Mega Mart
Investors can easily check their allotment status online through the BSE, NSE, or Kfin Technologies website. Follow these simple steps to know if you have been allotted shares:
On BSE Website
- Visit the BSE website: https://www.bseindia.com/investors/appli_check.aspx.
- Select “Equity” under the Issue Type.
- Select “Vishal Mega Mart Limited” from the IPO menu options.
- Enter your PAN or Application Number.
- Verify by clicking “I am not a robot” and then click “Search.”
The allotment status will be shown on the screen.
On Kfin Technologies Website
- Visit the Kfin Technologies website: https://kosmic.kfintech.com/ipostatus/.
- Select “Vishal Mega Mart Limited” from the IPO list.
- Enter details such as Application Number, PAN, or Demat Account.
- Fill in the Captcha code and click “Submit.”
Your allotment details will appear.
Vishal Mega Mart IPO Details
The Vishal Mega Mart IPO was available for subscription from December 11, 2024, to December 13, 2024. The price band for the IPO was set at ₹74 to ₹78 per share. The company intended to raise ₹8,000 crore through a book-built issue, which was solely an Offer for Sale (OFS) of 102.56 crore equity shares.
The IPO received overwhelming interest, being subscribed 27.28 times. According to NSE data:
- The Qualified Institutional Buyers (QIB) portion was subscribed 80.75 times.
- The Non-Institutional Investors (NII) segment was subscribed 14.24 times.
- The Retail Investors portion was subscribed 2.31 times.
The Grey Market Premium (GMP) for Vishal Mega Mart shares is currently ₹19 per share. This indicates that the shares are trading at a premium of ₹19 in the unofficial grey market. According to the GMP, the expected listing price is ₹97 per share, reflecting a 24.36% premium above the upper price band of ₹78.
Listing Date
The shares of Vishal Mega Mart are anticipated to be listed on the BSE and NSE on Wednesday, December 18, 2024. Investors who receive allotments will see the shares credited to their demat accounts, while refunds to unsuccessful bidders will be initiated on the same day.
Investing in IPOs like Vishal Mega Mart can offer exciting opportunities, but research and careful evaluation are key to making informed decisions. With a strong Grey Market Premium and high subscription numbers, the Vishal Mega Mart IPO has created significant buzz among investors. Those who applied can check their allotment status online and look forward to the listing date on December 18, 2024.
