The much-anticipated Vishal Mega Mart IPO allotment status has been officially announced, providing clarity for investors who participated in the hypermarket chain operator’s public offering.
As the stock prepares for its debut on the exchanges, here’s everything you need to know about the IPO allotment, how to check your status, and what investors can expect on the listing day.
IPO Allotment Status and Timeline
Vishal Mega Mart has finalized the basis of allotment for its IPO. Investors who participated in the subscription process can now check their allotment results. As per the T+3 listing rule, shares are expected to be listed within three days of the subscription period closing.
With the allotment status now available, successful applicants will see their shares credited to their demat accounts, while those who did not receive shares will begin receiving refunds.
Market expectations suggest that the IPO will be listed on December 18, 2024, just one day after the allotment status release.
How to Check Your Vishal Mega Mart IPO Allotment Status
To check your allotment status, you can use either the BSE or Kfin Technologies websites, both of which are the designated platforms for tracking IPO results.
Steps to Check Allotment Status on BSE:
- Visit the BSE website at BSE IPO Status.
- Choose ‘Equity’ under the Issue Type.
- From the dropdown menu, select ‘Vishal Mega Mart Limited’.
- Enter your Application No. or PAN.
- Tick the verification box (‘I am not a robot’) and click Search. Your allotment status will be displayed.
Steps to Check Allotment Status on Kfin Technologies:
- Visit Kfin Technologies’ website at Kfin IPO Status.
- Select ‘Vishal Mega Mart Limited’ from the IPO dropdown menu.
- Choose to check your status using your Application No., Demat Account, or PAN.
- Enter the necessary details.
- Complete the Captcha verification and click Submit to view your allotment status.
Grey Market Premium (GMP) Insights
As of now, the grey market premium (GMP) for Vishal Mega Mart IPO shares stands at Rs 19 per share.
This suggests strong demand for the stock in the unlisted market, indicating that the IPO shares are likely to list at a 24.36% premium to the issue price. This would translate to an estimated listing price of Rs 97 per share, compared to the issue price of Rs 78.
The grey market premium offers valuable insight into investor sentiment, though it’s important to remember that the grey market can be volatile. The current premium signals positive expectations for the IPO’s market debut.
Vishal Mega Mart IPO Details
For those unfamiliar with the specifics of the IPO, here’s a quick overview:
- IPO Subscription Dates: December 11, 2024 to December 13, 2024.
- Price Band: Rs 74 to Rs 78 per share.
- Issue Type: The offering was an Offer for Sale (OFS), involving the sale of 102.56 crore equity shares by existing promoters and investors.
- Amount Raised: The company raised Rs 8,000 crore through this issue.
- Subscription Status: The IPO was oversubscribed by 27.28 times, with notable demand across investor categories:
- Retail Investors: Subscribed 2.31 times.
- Qualified Institutional Buyers (QIB): Subscribed an impressive 80.75 times.
- Non-Institutional Investors (NII): Subscribed 14.24 times.
The high subscription levels reflect strong investor confidence in Vishal Mega Mart’s growth potential as it moves toward listing on the stock exchanges.
What’s Next for Vishal Mega Mart IPO?
The listing of Vishal Mega Mart shares is expected to take place on December 18, 2024, with shares being listed on both the BSE and NSE. If the current grey market premium holds, investors may see a strong opening on listing day, which will offer further clues about the stock’s long-term performance.
Disclaimer – The information provided in this article is for informational purposes only and should not be construed as financial advice. Investors should conduct their own research or consult with a licensed financial advisor before making any investment decisions. Past performance, including grey market trends, is not indicative of future performance. Market conditions can change rapidly, and investing in IPOs and the stock market carries inherent risks.
