The Vishal Mega Mart IPO allotment status is now available as the basis of allotment has been finalized today, Monday, December 16, 2024. The IPO subscription, which concluded on December 13, 2024, offered shares in the price band of Rs 74-78 per share with a lot size of 190 shares. The company raised a total of Rs 8,000 crore through the IPO, which was entirely an offer-for-sale (OFS) of up to 1,02,56,41,025 equity shares.
The IPO witnessed massive interest from investors, fetching bids worth Rs 1.60 lakh crore as they applied for 20,64,25,17,700 equity shares compared to the 75,67,56,757 equity shares available for subscription. The qualified institutional buyers’ (QIB) quota saw bids amounting to Rs 1.36 lakh crore, highlighting strong demand.
The grey market premium (GMP) of Vishal Mega Mart has shown improvement, following robust bidding by retail investors. The shares were commanding a GMP of Rs 19-20 in the unofficial market, indicating potential listing gains of around 25% for investors. On the final day of bidding, the GMP stood at Rs 16.
Investors who applied for the IPO can now check the Vishal Mega Mart IPO allotment status online to see if they have been allotted shares.
