• Source:JND
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Vishal Mega Mart IPO Subscription Status:  The Rs 8,000 crore initial public offering of Vishal Mega Mart subscribed 153 per cent or 1.53 times till 5:00 pm on the second day of bidding. Non-institutional Investor and retail sections led the bidding, attracting the most number of investors. The IPO was opened on Wednesday i.e. December 12 and investors can place bids till Friday i.e. December 13.

Vishal Mega Mart IPO Subscription Status Day

The shares allotted for retail individual investors were subscribed 1.16 times or 116 per cent till 5:00 pm on Thursday, while the Non-Institutional Investors section attracted the most number of bids (3.80 times). The shares reserved for Qualified Institutional Buyers (QIBs) subscribed only 0.4 times.

Vishal Mega Mart IPO GMP Today

The grey market premium (GMP) of Vishal Mega Mart surged a bit on day 2 of the subscription. According to Investorgain, the shares of the company are trading at a premium of 26 Rupees. The shares of Vishal Mega Mart IPO traded at Rs 99, up 26.92% or Rs 26 against the IPO price of 78 rupees on Wednesday. Earlier, the shares were trading at a premium of Rs 19 on Wednesday.

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Vishal Mega Mart IPO Details

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

Price Band of Vishal Mega Mart The company has set a price band of Rs 74-78 for its initial public offering.

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

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

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

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Disclaimer: This is a piece of news only. Jagran does not advise investing, please do take expert opinion before investing.