NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Vishal Mega Mart shares debut at 33% premium on NSE
    Summarize
    Next Article
    Vishal Mega Mart shares debut at 33% premium on NSE
    Vishal Mega Mart's market capitalization reaches ₹46,891 crore

    Vishal Mega Mart shares debut at 33% premium on NSE

    By Mudit Dube
    Dec 18, 2024
    10:30 am

    What's the story

    Gurugram-based retail giant Vishal Mega Mart made a strong debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.

    The company's shares opened at a premium of 33.33% over the IPO allotment price of ₹78.

    The strong opening translated into an opening price of ₹104 per share, much to the delight of IPO investors.

    Market impact

    Vishal Mega Mart's market capitalization reaches ₹46,891 crore

    The successful listing of Vishal Mega Mart has resulted in a massive jump in its market capitalization, which now sits at ₹46,891 crore. The company's IPO received an enthusiastic response from investors last week.

    Over a three-day bidding period, the public issue was oversubscribed by over 27 times with bids for 2,064 crore shares against the 75.67 crore shares on offer.

    Investor participation

    Anchor investors contribute ₹2,400 crore to Vishal Mega Mart's IPO

    A large chunk of the money raised through Vishal Mega Mart's IPO, ₹2,400 crore, was contributed by anchor investors.

    These were SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd., Axis Mutual Fund (MF), HDFC MF and ICICI Prudential MF.

    The entire IPO was an offer for sale by the promoter entity Samayat Services LLP backed by Kedara Capital.

    Business strategy

    Vishal Mega Mart's growth and market presence

    Vishal Mega Mart, famous for its affordable offerings such as ₹99 apparel and cheap groceries, has a pan-India network of 645 stores.

    The company mainly caters to middle and lower-middle-class consumers with an emphasis on smaller cities where quick-commerce is still nascent.

    This has helped it establish a niche in India's ₹600 billion grocery and supermarket industry, shielding it from some issues of rivals.

    Financial growth

    Vishal Mega Mart's financial performance and investor interest

    Ahead of its listing, Vishal Mega Mart showcased stellar financials with revenue growing at a compound annual growth rate (CAGR) of 26.3% to ₹8,912 crore in FY24, up from ₹5,589 crore in FY22.

    The company's EBITDA increased to ₹1,249 crore while net profit remained at ₹462 crore in FY24.

    This strong financial health along with focus on smaller cities and resilience to quick-commerce competition makes it an attractive opportunity for medium- to long-term investors according to experts.

    Business expansion

    Vishal Mega Mart's business model and growth strategies

    Vishal Mega Mart serves middle and lower-middle-income consumers with 645 outlets across 414 cities.

    The company offers a wide range of affordable merchandise in apparel, FMCG, and general goods with over 70% of its revenue coming from its private label brands.

    The company is also driving same-store sales growth by expanding product assortment and enhancing in-store experiences.

    With promising growth potential and cost-efficient strategies, Vishal Mega Mart makes for a compelling investment opportunity.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Bombay Stock Exchange (BSE)
    National Stock Exchange
    Initial Public Offering (IPO)

    Latest

    US 'illegally deported' Vietnamese, Burmese migrants to South Sudan Myanmar
    How 'Housefull 5' teaser returned on YouTube after copyright issue  Bollywood
    Josh Hazlewood could return for IPL 2025 playoffs: Details here Josh Hazlewood
    BJP shares Rahul-Asim Munir poster; Congress counters with Modi-Sharif picture  Amit Malviya

    Bombay Stock Exchange (BSE)

    BSE surpasses ₹400 lakh crore m-cap for first time ever Stock Market
    BSE-listed companies' market cap hits $5 trillion for first time Sensex
    Aditya Birla Group's market cap crosses $100 billion milestone Aditya Birla Group
    SBI enters elite club with ₹8 lakh crore market capitalization  Lok Sabha

    National Stock Exchange

    New F&O rules open doors for JFS, Zomato's Nifty entry Bombay Stock Exchange (BSE)
    Raymond shares skyrocket 19% after real estate business demerger approval Stock Market
    Apollo Micro Systems hits upper circuit after bagging army contract Indian Army
    Increased STT to cool market activity? What Zerodha founder said Finance Bill

    Initial Public Offering (IPO)

    Waaree Energies stocks listed at 70% premium: Should you buy? Bombay Stock Exchange (BSE)
    HDFC Bank's NBFC arm files for ₹12,500 crore IPO HDFC Bank
    Indian IPOs break record with ₹1.22L crore fundraising in 2024 Swiggy
    Swiggy's IPO attracts bids worth $15 billion from global investors Swiggy
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025