Vishal Mega Mart Share price: Vishal Mega Mart shares outperformed expectations with a stellar debut on NSE, listing at a 33.33 per cent premium to the IPO allotment price of Rs 78. The stock opened at Rs 104, giving IPO investors handsome gains. With the listing, the market capitalisation of Gurugram-based retail giant Vishal Mega Mart reached Rs 4,6891 crore.

Issue details and price band

The total size of the Vishal Mega Mart IPO was Rs 8,000 crore, with an offer for sale of 102.56 crore shares. Its price band was ₹74 to ₹78 per share. The minimum lot size for retail investors was 190 shares, which amounts to an investment of ₹14,820. The booking for this IPO was done between 11 and 13 December 2024, and the shares were allotted on 16 December.

Vishal Mega Mart Share Buy, Sell Or Hold Strategy: Subscribe - Long Term Rating

According to Moneycontrol, Narendra Solanki, Head - Fundamental Research - Investment Services at Anand Rathi Shares said that at the upper band, the company's valuation is at 155x FY24 EPS. We believe the issue is fairly priced and recommend a "Subscribe - Long Term" rating to the IPO.

Grey-market premium and listing price

According to grey-market data, the GMP of Vishal Mega Mart IPO was ₹22. This meant that the price of the shares could reach ₹100 on the day of listing, which would be 28.21% higher than the IPO price of ₹78. This premium clearly reflected the enthusiasm of investors towards the IPO.

Book Running Lead Managers of Vishal Mega Mart

The book running lead managers to this IPO are Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, and Morgan Stanley India Company Private Limited. Also, KFin Technologies Limited is the registrar to the issue.