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Vishal Mega Mart IPO Subscription Status: Vishal Mega Mart Limited IPO opened on Wednesday, 11 December. But its IPO could not be fully subscribed even till the second day i.e. Thursday afternoon. Till 1 pm on Thursday, its IPO got 0.93 times (93%) subscription. The company has received applications for 66,94,80,770 shares as against 71,79,48,719 shares offered in the IPO. This IPO will close on Friday, 13 December, while its listing will be on BSE and NSE on 18 December.
Vishal Mega Mart Limited IPO GMP
The price band of Vishal Mega Mart's IPO is Rs 74-78, while according to IPO Watch, its grey-market premium (GMP) is Rs 22. If the price of Rs 78 is finalized in its IPO, then on listing it can give more than 28 percent return based on the current GMP. But keep in mind that GMP can fluctuate till the time of listing.
Vishal Mega Mart Limited IPO Update
The lot size of Vishal Mega Mart's IPO is 190 shares, i.e. a minimum of 190 shares can be purchased and then the application can be made in this lot only. While the size of the IPO is Rs 8000 crore.
What does Vishal Mega Mart do?
Vishal Mega Mart Limited (VMML) is a one stop destination for middle and lower-middle income Indians. It offers a wide range of products through its portfolio of own brands and third party brands to meet the desires and daily needs of consumers.
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