Vishal Mega Mart IPO
Vishal Mega Mart Limited (VMM) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 18 December 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +19.1% (likely range +6% to +33%), day's high +30.6%, chance of a gain 82%. Actual: +33.3% at the open, +46.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 21,62,16,215 | 17,45,85,59,260 | 80.7x | |
| NII (HNI) total | 16,21,62,163 | 2,30,99,91,880 | 14.2x | |
| Big NII (above ₹10 lakh) | 10,81,08,109 | 1,77,82,81,440 | 16.4x | |
| Small NII (₹2-10 lakh) | 5,40,54,054 | 53,17,10,440 | 9.84x | |
| Retail | 37,83,78,379 | 87,39,66,560 | 2.31x | |
| Total | 75,67,56,757 | 20,64,25,17,700 | 27.3x |
Bids on NSE and BSE together, as published by NSE, as of 13 Dec 2024, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Vishal Mega Mart's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Aadhar Housing FinanceMay 2024 | 72.8x | 16.5x | 2.46x | 25.5x | ₹3,151 Cr | 0.0% | +9.1% |
| Bharti HexacomApr 2024 | 48.6x | 10.5x | 2.83x | 29.9x | ₹4,275 Cr | +32.5% | +54.4% |
| R R KabelSep 2023 | 52.3x | 13.2x | 2.13x | 18.7x | ₹1,964 Cr | +14.0% | +17.2% |
| Concord BiotechAug 2023 | 67.7x | 17.0x | 3.78x | 24.9x | ₹1,551 Cr | +21.5% | +33.3% |
| Cello WorldNov 2023 | 109x | 24.4x | 3.06x | 38.9x | ₹2,068 Cr | +27.9% | +29.2% |
| Bandhan BankMar 2018 | 38.7x | 13.9x | 1.20x | 14.6x | ₹4,473 Cr | +33.1% | +33.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| ICICI Securities | 109 | +21.3% | 69% |
| Intensive Fiscal Services | 11 | +28.6% | 82% |
| Jefferies India | 26 | +19.5% | 81% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
Offer documents (NSE)
Frequently asked
What is the Vishal Mega Mart IPO price band and lot size? ₹74.0–78.0 per share, with a lot of 190 shares, so the smallest retail bid is ₹14,820.
How many times has it been subscribed? 27.3x overall: QIB 80.7x, NII 14.2x, retail 2.31x.
How did it list? It opened at ₹104, +33.3% against the issue price of ₹78.0, and closed its first day +43.5%.
