Vishal Mega Mart IPO opens today. Check key dates, GMP, price band, subscription and review
Vishal Mega Mart, which is a leading supermarket chain operator, will launch its Rs 8,000 crore IPO today. The issue, which is entirely an OFS of 102 crore shares, will be available for bidding till December 13.
Since the IPO is entirely an OFS, the proceeds from the offer will go to the selling shareholders, in this case the promoter Samayat Services.
Vishal Mega Mart IPO: price band
The company has fixed a price band of Rs 74-78 per share, where investors can bid for 190 shares in one lot and in multiples thereafter.
Vishal Mega Mart IPO: GMP today
Ahead of the issue, the Vishal Mega Mart was boasting a GMP of around Rs 24-25, which is a 31% premium over the issue price.
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