Vishal Mega Mart share price: The share of Vishal Mega Mart Ltd, which runs large shops for household goods, has had a great listing in the market on Wednesday.
The company’s share was listed with a gain of 41 percent from its IPO price of Rs 78. The stock was listed at Rs 110 on BSE, up 41 percent from the IPO price.
On NSE, it started at Rs 104, up 33.33 percent from the issue price. The market capitalization of the company was 48,644.57 crore rupees.
After listing, the company’s stock saw a rise of more than 5% and the stock reached an intraday high of Rs 115.60. Let us tell you that right now this stock is 48 percent above its IPO price.
Now what should investors do in such a situation? What is the expert’s opinion about this, let’s know…
Expert’s Opinion
Swastika’s Wealth Head said that Vishal Mega Mart Ltd’s IPO has made a strong start in the stock market. Nyati Group said that there is tremendous subscription behind this positive momentum. The company’s IPO was subscribed 28.75 times.
Nyati Group emphasized that the company’s strong position as a leading offline retailer, along with its consistent financial performance and reasonable valuation, connected with investors.
However, since the IPO was OFS-based, the company did not get any direct benefit, leaving it completely focused on market sentiment and its development story in the retail sector.
Nyati Group advised investors to book profits at this level and said that those who want to hold the stock can maintain a stop loss of around ₹ 95.
According to a Research Analysts, Vishal Mega Mart Ltd presents an attractive investment opportunity with strong growth prospects and ongoing cost-efficiency initiatives.
What Is The Detail?
Vishal Mega Mart Ltd’s IPO was subscribed 27.28 times on the last day of the share sale last Friday. The price band for the company’s Rs 8,000 crore IPO was Rs 74-78 per share.
The IPO is entirely an offer for sale (OFS) of shares by Samyat Services LLP led by promoters. No new equity shares have been offered.
Currently, Samyat Services LLP holds a 96.55 percent stake in this Gurugram-based leading supermarket company.
Vishal Mega Mart Ltd had 626 active stores across India as of June 30, 2024. It also has a mobile app and website.
Quick Fact
| Company name | Vishal Mega Mart |
|---|---|
| IPO Price Band | ₹74-78 |
| Listing Price on BSE | ₹110 |
| Listing Price on NSE | ₹104 |
| IPO Subscription (Total) | 28.75 times |
| IPO Subscription (Last Day) | 27.28 times |
| Stock price | ₹111.93 (43.50% up) |
| IPO Size | ₹8,000 crore |
| Type of IPO | Offer for Sale (OFS) |
| Promoter Entity | Samyat Services LLP |
| Promoter Stake | 96.55% |
| Market Capitalization | ₹48,644.57 crore |
| Number of Stores | 626 |
| Store Location | Across India |
| Additional Channels | Mobile app, website |
| Expert Advice (Profit Booking) | Around ₹95 (stop loss) |
| Cost-Efficiency Initiatives | Mentioned in analysis |
| Industry | Retail (Supermarket) |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
