Vishal Mega Mart IPO Day 2: Issue subscribed over 90%; HNIs portion fully booked

Vishal Mega Mart IPO Subscription Status: Vishal Mega Mart (VMML)'s IPO has received a bid of 93 per cent or 70,72,86,590 shares against 75,67,56,757 shares so far on the second-day bidding process (December 12, 2024).

Category-wise, the Non-Institutional Investors (NIIS), also known as HNIs, portion got the highest numbers. Here's how NIIs, RIIs, and QIBs have shown interest until 12:36 pm:

• Non-Institutional Investors (NIIs): Oversubscribed 2.29 times or 37,20,33,870 shares against 16,21,62,163 shares reserved for them
• Retail Individual Investors (RIIs): Subscribed 82 per cent or 31,00,09,700 shares against 37,83,78,379 shares, allocated for the RIIs
• Qualified Institutional Buyers (QIBs): With minimum participation, the QIBs portion received a bid for 2,52,43,020 shares against 21,62,16,215 shares

On the first day bidding process, the issue subscribed 38,63,32,890 shares, accounting for 51 per cent of the total issue size. The IPO does not comprise portions for Shareholder and Employee categories.

The company is aiming to raise Rs 8,000 crore through an offer-for-sale (OFS). The price band by the company has been fixed between Rs 74 and Rs 78/share. Ahead of opening the IPO, VMML has mobilised Rs 2,400 crore from anchor investors, according to a filing on the exchanges.

Vishal Mega Mart IPO | Issue size, price band, allotment & lot size

With the price band between Rs 74 and Rs 78/share, the company launched the IPO with an issue size of Rs 8,000 crore. The lot size of the IPO is 190 shares.

Vishal Mega Mart IPO | Allotment & listing dates

The allotment date is fixed on Monday, December 16 which means applicants can check their status on December 17. The Vishal Mega Mart stock will debut on Wednesday, December 18, 2024.

BRLMs & registrar

Book Running Lead Managers (BRLMs): Jefferies India, JPMorgan India, Morgan Stanley India, Kotak Mahindra Capital, ICICI Securities, and Intensive Fiscal Services.

Official Registrar: KFin Technologies.