Vishal Mega Mart IPO Day 2 Live Updates: Issue has been Booked 51% of the Issue Subscribed till Date

Vishal Mega Mart, a hypermarket chain supported by Kedaara Capital, commenced its initial public offering (IPO) on Wednesday, December 11. The public offering is currently in its second day of bidding, which will continue until Friday, December 13. On December 10, the company successfully secured Rs 2,400 crore from a range of global and domestic institutional investors through its anchor book. As reported by BSE data, the IPO was 51% subscribed on the first day of bidding. Notably, despite the fluctuating market conditions, the allocation for non-institutional investors (NIIs) was fully subscribed.

Vishal Mega Mart IPO Price Range

Supported by Kedaara Capital, Vishal Mega Mart has established a price range of Rs 74-78 per equity share for its initial public offering (IPO) valued at Rs 8,000 crore, which is set to close on December 13. The bidding period for anchor investors commenced on December 10 and was available for one day.

For retail investors, the minimum lot size is 190 shares, necessitating an investment of Rs 14,820. Small non-institutional investors are required to bid for a minimum of 14 lots (2,660 shares), which totals Rs 2.07 lakh. Meanwhile, large non-institutional investors must place bids for at least 68 lots (12,920 shares), amounting to Rs 10.07 lakh.