Vishal Mega Mart’s ₹8,000-crore initial public offering (IPO) will open for public subscription on December 11 and close on December 13, with anchor bidding starting on December 10, according to the company’s Red Herring Prospectus (RHP).
The entire IPO is an Offer for Sale (OFS) by promoter Samayat Services LLP, which holds a 96.55% stake. No fresh equity shares will be issued.
The Gurugram-based retailer operates 626 stores and competes with Reliance Retail, Tata Trent, and Avenue Supermarts in the apparel, general merchandise, and FMCG sectors. It’s one of India’s top offline-first diversified retailers with strong financial growth: net profit for FY24 rose 43.8% to ₹461.9 crore, and revenue increased 17.5% to ₹8,911.9 crore.
The company’s confidential pre-filing was approved by SEBI in September, with an updated draft filed in October.
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