Vishal Mega Mart IPO Day 2: Issue subscribed over 1.5 times; HNIs, RIIs portions fully booked

On the first day bidding process, the issue subscribed for 38,63,32,890 shares, accounting for 51 per cent of the total issue size. VMML is aiming to raise Rs 8,000 crore through an offer-for-sale (OFS).

On the first day bidding process, the issue subscribed over 50%.

Vishal Mega Mart IPO Subscription Status: Vishal Mega Mart (VMML)'s IPO has received a bid of 1,16,61,04,860 shares or 1.54 times against 1,16,61,04,860 shares on the second-day bidding process (December 12, 2024).

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

Non-Institutional Investors (NIIs): Oversubscribed 3.84 times or 62,31,20,010 shares against 16,21,62,163 shares reserved for them
Retail Individual Investors (RIIs): Subscribed 1.16 times or 43,97,79,130 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 10,32,05,720 shares against 21,62,16,215 shares

On the first day of the 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.

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