- By Shivam Shandilya
- Sat, 07 Dec 2024 05:18 PM (IST)
- Source:JND
Vishal Mega Mart IPO: The initial public offering of the Vishal Mega Mart Limited will hit the Indian market on Wednesday next week. The price has been fixed at Rs. 74 to 78 per equity. The subscription will remain open from November 11 to December 13. It means that the upcoming IPTO will remain open from Wednesday to Friday next week.
One of the lots of Vishal Mega Mart consists of 190 company shares, and a bidder can only apply in lots. The shares are available in the grey market ahead of the date of opening of the IPO. According to mint-quoting star market observers, shares of the company are available at a premium of Rs. 17 in the grey market today.
The likely date of share allotment is December 14 next, Saturday next week. If there is a chance in the announcement of share allotment, the announcement can be expected on December 16.
The market capitalization of the Vishal Mega Mart IPO is ₹35168.01 crore. In FY24, the fintech company's revenue grew by around 17.41% YoY, whereas Profit After Tax (PAT) shot up nearly 43.78%, reports mint.
On Friday, the Indian subsidiary of South Korean major LG Electronics filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise Rs 15,000 crore through an initial public offering (IPO). The announcement comes within two months of the Indian unit of South Korean automobile major Hyundai going for a Rs 27,870-crore IPO—the largest in India.
According to a Business Standard report, the LG Electronics India IPO is an offer for sale, and it is likely to offload up to 101.8 million equity shares, amounting to a 15 per cent stake.
ALSO READ: Vishal Mega Mart IPO: Rs 8,000 Crore Mega IPO To Open On December 11; Details