Vishal Mega Mart’s Rs 8,000 crore IPO, set to close on Friday, has received strong investor interest, achieving 2.73 times overall subscription by December 13, 2024. The retail segment was subscribed 1.68 times, while the NII category saw an impressive 7.81 times subscription. The IPO consists entirely of an offer for sale of 102.56 crore shares.
The price band for the IPO is set at Rs 74-78 per share, with a minimum lot size of 190 shares, requiring an investment of Rs 14,820. The issue offers a chance for retail investors to gain exposure to a well-established retail brand.
In comparison, Mobikwik’s Rs 572 crore IPO is an entirely fresh issue of 2.05 crore shares. Both IPOs have drawn market attention, but Vishal Mega Mart stands out for its size and robust subscription numbers.
