Vishal Mega Mart Ltd. has announced public offering of 1025641026 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 68.00 per share. The gross proceeds of the issue are expected to be Rs 8,00,000.00 lakhs.
The company's initial public offer (IPO) will open on 11 December 2024 and is expected to close on 13 December 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 74.00-78.00 per share.
The IPO includes a fresh Issue of 1025641026 Equity Shares of the Company at an price of Rs 78.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 190 shares with bids in multiples of 190.
Vishal Mega Mart Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,JP Morgan India Private Limited.,Kotak Mahindra Capital Company Limited,Morgan Stanley India Company Private Limited,Intensive Fiscal Services Private Limited.,Jefferies India Pvt. Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.