Vishal Mega Mart’s IPO is set to launch on December 11. Here’s what you need to know about the price range.
Vishal Mega Mart’s IPO is all about selling existing shares, not raising new money. The main goal is for the company’s founders to sell some of their shares through an “Offer for Sale” (OFS). They’re not actually issuing any new shares to the public. Big investment banks like Kotak Mahindra Capital, Jefferies, and ICICI Securities are helping them with this process.
This IPO is a big deal because it gives people a chance to be a part of India’s growing economy, especially the retail sector. If you’re thinking about investing, it’s a good idea to keep an eye on all the details. Vishal Mega Mart has a huge network of stores, with 626 locations across the country.They also have a mobile app and website where people can order things online. A report from Redseer says that India’s retail market is expected to reach between ₹68 to ₹72 lakh crores by 2023 and could even reach ₹104 to ₹112 lakh crores by 2028. Vishal Mega Mart has set a price range of ₹74 to ₹78 per share for their IPO. This is for their initial share sale of ₹8,000 crores. The IPO will open for people to buy shares on December 11 and close on December 13. Anchor investors (big investors who commit to buying a large amount of shares) can place their bids for one day on December 10. This information was released in the Red Herring Prospectus (RHP). Disclaimer: Prabhat Khabar doesn’t give any advice on buying or selling stocks. We publish market analyses based on information from market experts and brokerage firms. It’s important to talk to a qualified financial advisor before making any decisions about the stock market.
