Vishal Mega Mart IPO Listing & Share Price Updates: Shares jump 43.50% in debut trade; market-cap at ₹50,475 cr

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Vishal Mega Mart updates: Vishal Mega Mart shares jump 43.50% in debut trade; m-cap at ₹50,475 cr

Shares of Vishal Mega Mart Ltd surged 43.50 per cent in debut trade on Wednesday against the issue price of Rs 78.

The stock listed at Rs 110, rallying 41 per cent from the issue price on the BSE. During the day, it surged 48.20 per cent to Rs 115.60. Shares of the firm finally ended at Rs 111.95, a jump of 43.52 per cent.

At the NSE, the stock was listed at Rs 104, a surge of 33.33 per cent from the issue price. Shares of the firm ended at Rs 111.93, climbing 43.5 Vishal Mega Mart’s market capitalisation (mcap) stood at Rs 50,475.11 crore. – PTI

Vishal Mega Mart live: Closing price

Shares of Vishal Mega Mart closed 7.58 per cent and 1.77 per cent on the NSE and BSE at ₹111.88 and ₹111.95, respectively.

Vishal Mega Mart share price live: Shares surge

Shares of Vishal Mega Mart climbed 7.64% on the NSE to ₹111.95 as at 3.04 pm. 

Day’s high: ₹114.40

Day’s low: ₹104

Mcap: ₹50,475.11 crore

Vishal Mega Mart live: Company and IPO

Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials. The Public issue was of INR 8,000.00 Cr.

Vishal Mega Mart listing live: Glimpse of the listing ceremony

(Source: X/@NSEIndia)

Vishal Mega Mart stock live: Shares gain on NSE

Shares traded at ₹109.08 on the NSE, up 4.88% as at 2.08 pm.

Stock Market Live Updates: Sensex, Nifty drop lower 

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Vishal Mega Mart share price live: Outlook as at 1.18 pm

Shares of Vishal Mega Mart traded at ₹109.62 on the NSE, up 5.40%.

On the BSE, the stock traded at ₹109.57, down by 0.39%.

Vishal Mega Mart share price live: Shares trade at ₹108.64 on the BSE, losing 1.24% from the listing price of ₹110.

Vishal Mega Mart share price live: Bajaj Broking listing view

Vishal Mega Mart made a strong debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 18, 2024. The company’s shares opened at ₹110 on the BSE, reflecting a 41% premium over the issue price of ₹78, and at ₹104 on the NSE, showing a 33.33% premium. The IPO saw high demand, with institutional investors oversubscribing their reserved portion by 81 times, while the retail segment was oversubscribed 2.3 times. This solid performance highlights investor confidence in the company’s future growth and its strategic position in India’s retail market.

Vishal Mega Mart share price live: Shares gain 6%

Shares of Vishal Mega Mart rose 5.81% on the NSE to trade at ₹110.04 as at 12.07 pm.

• Day’s high: ₹111.19
• Day’s low: ₹104
• Mcap: ₹49,613.95 crore

Vishal Mega Mart Live: Expert View | Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

Despite the offer was entirely an OFS, Vishal Mega received healthy demand from all sets of investors, especially from QIB category who bid more than 85x to the allocated portion while retail investors had shown less interest (2.43x) due to OFS concerns.

Expected listing range is justified as we believe the demand was on the back of reasonable valuations when compared to its listed peers and high focus towards catering to India’s growing middle- and lower-middle-income demographics strategically focused on underpenetrated markets, leveraging its diversified merchandise mix and value pricing to attract and retain customers with high scalability of its business model. 

Considering improving market sentiments and all other parameters the company can list with a decent listing gain around ~20-25% range on its issue price. Allotted conservative investors can think of booking profits above 25%. While long term investors should consider the company to HOLD IT FOR LONG TERM despite knowing short term volatility & risk in the markets. For non-allotted investors, we advise to accumulate if we get dips post listing due to profit booking attempts.

– Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

Vishal Mega Mart shares live: Stock gains 6% after strong debut

(NSE data)

Sai Life Sciences, Purple United Sales, Supreme Facility Management share price live: Stocks debut on NSE and NSE Emerge platform

The shares of Sai Life Sciences, Purple United Sales, Supreme Facility Management debuted on the NSE and NSE SME platform today.

The shares of Sai Life Sciences shares surged more than 8% and those of Purple United Sales Limited’s surged more than 1%. On the otherside, Supreme Facility Management Limited shares were trading on a muted tone.

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Listing ceremony of Vishal Mega Mart Limited

YT Watch, Source: NSE India

Sai Life Sciences, Purple United Sales Supreme Facility Management share price today

Shares of Sai Life Sciences, Purple United Sales Supreme Facility Management debuted today. 

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Vishal Mega Mart listing live: Snapshots of Vishal Mega Mart NSE listing ceremony

(Source: X/@NSEIndia)

Vishal Mega Mart listing live: Congratulations Vishal Mega Mart Limited on getting listed on NSE today: NSE

(Source: X/@NSEIndia)

Vishal Mega Mart listing live: NSE bell has rung

The #NSEBell has rung in the celebration of the listing of Vishal Mega Mart Limited on NSE today: NSE

(Source: X/@NSEIndia)

Vishal Mega Mart share price live: Expert view | Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

“Vishal Mega Mart’s IPO saw a strong debut on the stock market with a 3.33% listing gain, opening at ₹104 compared to its issue price of ₹78. This positive momentum can be attributed to its strong subscription of 28.75 times, reflecting high investor demand. The company’s position as a leading offline retailer, consistent financial performance, and reasonable valuation resonated well with investors. However, given that this was a complete offer for sale (OFS), there are no direct benefits to the company, making it a play purely on market sentiment and its growth story in the retail sector. Investors are advised to book profits at this level, while those looking to hold should maintain a stop loss at around ₹95,” says Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

MobiKwik share price live: One MobiKwik Systems stock debuts at 58% premium on NSE, BSE

Shares of One MobiKwik Systems are listed on the NSE at ₹440, a premium of 57.7 per cent over the IPO price of ₹279. On the BSE, the stock listed at ₹442.25, at a premium of 58.5 per cent.

One MobiKwik Systems IPO received 119.38 times subscription. The portion for Retail Individual Investors (RIIs) fetched 134.67 times subscription while Qualified Institutional Buyers (QIBs) part received 119.50 times subscription. The category for non-institutional investors got subscribed 108.95 times. The company secured ₹257 crore from anchor investors.

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Vishal Mega Mart listing live: Strong debut at 33-41% premium on NSE, BSE

​Shares of Vishal Mega Mart​ debuted on the ​BSE ​at ₹110, a premium of 41% over the IPO price of ₹78. On the ​NSE​, the stock listed at ₹104, a premium of 33.3%.

The IPO was subscribed over 27 times on the last day of the issue with bids coming in for over 2,064 crore shares as against the 75.7 crore shares on offer, thanks mainly to institutional investors. The IPO the came out with a price band of ₹74-78 and the company fixed the IPO price at the upper end. The quota for ​qualified institutional buyers​ was subscribed nearly 81 times while non-institutional investors’ over 16 times. Demand from retail investors was relatively muted being subscribed only 2.3 times. The company also raised ₹2,400 crore from anchor investors.

IPO LISTING UPDATE

VISHAL MEGAMART PRE OPEN SETTLEMENT @104 WITH 33% PREMIU V/S IPO PRICE 78 

SAILIFE PRE OPEN SETTLEMENT @ 650 WITH 18% PREMIUM V/S IPO PRICE 549

MOBIKWIK PRE OPEN SETTLEMENT @ 440 WITH 57% PREMIUM V/S IPO PRICE 279

Vishal Mega Mart live: Vishal Mega Mart surged 33.3% in pre-open debut trade – Reuters

Shares of Indian budget retailer Vishal Mega Mart surged 33.3% in pre-open debut trade on Wednesday, as investors bet on the company’s growth avenues and resilience to challenges faced by larger rivals.

Vishal Mega Mart listing live: Catch the listing ceremony live here

(Source: X/@NSEIndia)

Vishal Mega Mart IPO listing today

Of the three listings today, the IPO of Vishal Mega Mart was the largest at ₹8,000 crore. The initial public offering was subscribed over 27 times on the last day of the issue with bids coming in for over 2,064 crore shares as against the 75.7 crore shares on offer, thanks mainly to institutional investors. The IPO the came out with a price band of ₹74-78 and the company fixed the IPO price at the upper end. According to market buzz, that the stock is expected listed with a premium of about ₹18-20.

The quota for qualified institutional buyers was subscribed nearly 81 times while non-institutional investors’ over 16 times. Demand from retail investors was relatively muted being subscribed only 2.3 times.

The retailer’s ₹8,000 crore IPO is entirely through an offer for sale by its promoter. Currently, Samayat Services LLP holds a 96.55 per cent stake in the Gurugram-based supermart major. As the IPO is an OFS, the company will not receive any funds from the IPO proceeds.

Report by KS Badri Narayanan of businessline | Read here