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Vishal Mega Mart IPO Subscription Live Updates: The company launched its IPO on December 11. The IPO closes on December 13. It aims to raise a sum of Rs 8,000 crore. The raised proceeds will go to the bank accounts of promoters and selling shareholders and no money will be used by the company. The IPO price band ranges from Rs 74 to Rs 78 per equity share. The allotment for the IPO is expected to be finalised on December 16. The IPO is likely to be listed on BSE and NSE on December 18, as per the tentative schedule. Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India Company are the book-running lead managers of the IPO, while Kfin Technologies is the registrar for the issue.
Also ReadMobikwik IPO GMP, Subscription Status Live Updates: Check allotment, listing, and other detailsLive UpdatesVishal Mega Mart IPO GMP & Subscription Status Live Updates 19:13 (IST) 12 Dec 2024 Vishal Mega Mart IPO Subscription Status Live Updates: Know about Vishal Mega Mart IPO Promoter Holding
Vishal Mega Mart’s IPO is backed by two promoters: Samayat Services LLP and Kedaara Capital Fund II LLP. Prior to the issue, their combined shareholding stood at 96.46%, which will reduce to 76.02% post-issue.
18:05 (IST) 12 Dec 2024 Vishal Mega Mart IPO Subscription Status Live Updates: Vishal Mega Mart IPO Lot Size
Vishal Mega Mart’s IPO offers a minimum lot size of 190 shares, priced at Rs 14,820. Retail investors can bid for up to 13 lots (2,470 shares) worth Rs 192,660. Small High Net-Worth Individuals (S-HNIs) can start with 14 lots (2,660 shares) at Rs 207,480, going up to 67 lots (12,730 shares) for Rs 992,940. Big HNIs (B-HNIs) can bid for a minimum of 68 lots (12,920 shares), valued at Rs 1,007,760, providing diverse investment options across investor categories.
17:23 (IST) 12 Dec 2024 Vishal Mega Mart IPO Subscription Status Live Updates: All you need to know about Vishal Mega Mart IPO
Priced between Rs 74 to Rs 78 per share with a lot size of 190 shares, the Vishal Mega Mart IPO aims to raise Rs 8,000 crore through an Offer for Sale of 1,025,641,025 shares.
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