Shares of Vishal Mega Mart Ltd jumped 41 per cent in debut commerce on Wednesday in opposition to the problem worth of Rs 78.
The inventory listed at Rs 110, rallying 41 per cent from the problem worth on the BSE. Later, it surged 42.24 per cent to Rs 110.95.
On the NSE, it listed at Rs 104, a soar of 33.33 per cent from the problem worth.
Vishal Mega Mart’s market valuation stood at Rs 48,644.57 crore.
The Rs 8,000-crore preliminary public provide of Vishal Mega Mart acquired 27.28 instances subscription on the closing day of bidding on Friday.
The preliminary public provide (IPO) had a worth vary of Rs 74-78 apiece.
The IPO of the Gurugram-based supermart main was solely an Provide-for-Sale (OFS) of shares by promoter Kedaara Capital-led Samayat Providers LLP, Samayat Providers LLP, with no recent difficulty of fairness shares.
Vishal Mega Mart’s product vary consists of each in-house and third-party manufacturers, protecting three key classes — attire, normal merchandise, and fast-moving shopper items.
As of June 30, 2024, it operates 626 Vishal Mega Mart shops throughout India, together with a cell app and web site.
Why must you purchase our Subscription?
You need to be the neatest within the room.
You need entry to our award-winning journalism.
You don’t need to be misled and misinformed.
Select your subscription bundle
