ishal Mega Mart Share Price Highlights: The company hit the D-Street with a premium of 33% to the issue price on December 18. The company’s IPO was subscribed to a total of 28.75 times. The retailers booked it 2.43 times and NIIs 15 times. The QIBs subscribed to it 85.11 times. The company raised Rs 8,000 crore by selling 102.56 crore fresh shares.
The IPO bidding was started on December 11 and ended on December 13. The allotment of shares was finalised on December 16. The price band ranged from Rs 74 to Rs 78 per equity share. 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.
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“We had recommended allotted conservative investors can think of booking profits anything above 15%. While long term investors should consider the company to hold it for the 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 but for the long term only,” said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
13:23 (IST) 18 Dec 2024 Vishal Mega Mart IPO Share Price Live Updates: Master Capital’s take post listing
“Short-term investors may consider booking profits given the listing gains, while long-term investors should monitor the company’s same-store sales growth and margin expansion before deciding to hold. New investors should avoid entry at current levels and wait for a price dip before entering,” said Vishnu Kant Upadhyay, Assistant Vice President of Research and Advisory at Master Capital Services.
12:13 (IST) 18 Dec 2024 Vishal Mega Mart IPO Share Price Live Updates: Bajaj Broking post listing on VMML
“Vishal Mega Mart made a strong debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 18,
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