Vishal Mega Mart IPO opened for public subscription today i.e. December 11. Investors willing to place bids can do so till December 13. The retail sector company has set a price band at Rs 74-78 per share and investors have to buy a lot of 190 shares to place a bid. Meanwhile, the shares of the company are showing strong momentum in the unofficial or grey market.

Vishal Mega Mart Subscription Status

Till 11;15 am, the IPO was subscribed 0.11 times, according to NSE's data. The retail Investors section was subscribed 0.15 times, non-institutional quota got 0.14 times bids.

Vishal Mega Mart IPO Grey Market Premium

The grey market premium of Vishal Mega Mart IPO on the day of the opening is 19 rupees. According to investorgain.com, the shares of Vishal Mega Mart are trading at Rs 97, up 24.36% or Rs 19 against the IPO price of Rs 78. The latest GMP indicates a likely decent listing of shares on stock exchanges.

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Vishal Mega Mart IPO Details

Vishal Mega Mart IPO Bidding Dates- The IPO will remain open for subscription between December 11 to December 13.

Vishal Mega Mart IPO Price Band-  The company has set a price band at Rs 74-78 for its initial share sale.

Vishal Mega Mart IPO - The retail sector company aims to raise Rs 8,000 crore.

Vishal Mega Mart IPO Lot Size- Investors have to buy a lot of 190 shares to place bids, which means a minimum amount of Rs 14,060 is required.

Vishal Mega Mart IPO Allotment Date- The shares are likely to be allotted on December 16.

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