
Consumer Discretionary / Retail · NSE / BSE
Incorporated in 2001, Vishal Mega Mart is a leading hypermarket chain offering a wide range of products including apparel, groceries, electronics, and home essentials, primarily serving middle and lower-middle-income consumers. As of September 30, 2024, the company operates 645 stores across 414 cities in 28 states and two union territories, following an asset-light model by leasing its stores and distribution centers while sourcing goods from third-party vendors and brands. Vishal Mega Mart strengthens accessibility through its mobile app, website, and direct local delivery service, which has 6.77 million registered users across 600 stores in 391 cities. Ranked among India’s top two offline-first diversified retailers, the company employs 16,537 people and offers an extensive portfolio of in-house brands across apparel, general merchandise, and FMCG categories.
Price Band
₹74 – ₹78
Issue Size
₹8000 Cr
Lot Size
190 shares
GMP
+28.2%
Est. Listing
₹100
at current GMP
Subscribed
28.77x
overall
Open
11 Dec 2024
Close
13 Dec 2024
Allotment
16 Dec 2024
Refund
17 Dec 2024
Demat Credit
18 Dec 2024
Listing
18 Dec 2024
Last updated: 17 Nov 2025
Current Premium
Issue Price (Upper)
₹78
Band: ₹74 – ₹78
Estimated Listing Price
₹100
Upper price + GMP
Lot Size
190 shares
Min investment ₹14,820
Estimated Profit / Lot
₹4,180
190 × ₹22
Grey Market Premium trend
+₹22
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹22 | 28.2% | ₹100 |
| 30 Oct 2026 | +₹22 | 28.2% | ₹100 |
| 29 Oct 2026 | +₹20 | 25.4% | ₹98 |
GMP is unofficial market data. Not a guarantee of listing performance.
Vishal Mega Mart Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Retail sector with an aggregate issue size of ₹8,000 Crores. The shares are offered at a price band of ₹74 to ₹78 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-12-13, the basis of allotment is scheduled to be finalized on 2024-12-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (M. Murali Krishna) or the BSE allotment checking window.
The latest grey market premium for Vishal Mega Mart Limited IPO is ₹22, which indicates an expected listing price of ₹100.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.