Vishal Mega Mart IPO Allotment Status Out. Here’s Latest GMP, How to Check Status Online

The Vishal Mega Mart IPO has created waves in the financial market, capturing the attention of seasoned investors and first-timers alike. With strong investor response and an impressive subscription rate, the IPO allotment status has finally been announced. Curious about how to check your allotment status or the latest GMP trends? This guide unpacks all the details, ensuring you don’t miss out on this buzzworthy IPO.

What Is the Vishal Mega Mart IPO Allotment?

The allotment refers to the process of distributing IPO shares to investors who subscribed during the public offering. With the Vishal Mega Mart IPO closing on a high note, the allotment status is now accessible for investors eager to see their share allocation.

Vishal Mega Mart IPO Allotment Status Out. Here’s Latest GMP, How to Check Status Online

The Vishal Mega Mart IPO allotment status has been released, and investors can now check their results. This article will also explore the grey market premium (GMP), providing insights into the expected listing performance. Let’s dive deeper.

How to Check Vishal Mega Mart IPO Allotment Status Online?

Through BSE Website

Follow these steps to check your allotment status via the BSE portal:

1. Visit the official BSE website.

2. Select ‘Equity’ as the Issue Type.

3. Choose ‘Vishal Mega Mart Limited’ from the dropdown.

4. Enter your Application Number or PAN details.

5. Confirm by ticking the ‘I am not a robot’ box.

6. Click ‘Search’ to display your allotment status.

Through Kfin Technologies Website

Alternatively, you can use the IPO registrar’s platform:

1. Visit the Kfin Technologies IPO status page.

2. Select ‘Vishal Mega Mart Limited’ in the IPO dropdown.

3. Choose a search method: Application No., Demat Account, or PAN.

4. Enter the required details and the Captcha code.

5. Click ‘Submit’ to view your status.

What Is the Latest Vishal Mega Mart IPO GMP?

As of today, Vishal Mega Mart shares show a promising GMP of ₹19, reflecting strong demand in the unlisted market. This premium indicates a projected listing price of ₹97 per share, offering a 24.36% increase over the IPO price of ₹78.

Vishal Mega Mart IPO Details at a Glance

Why Is GMP Important for IPO Investors?

The Grey Market Premium (GMP) offers a sneak peek into how the IPO shares might perform upon listing. It reflects investor sentiment and demand before the official listing on the stock exchanges. For Vishal Mega Mart, a ₹19 GMP is a positive indicator.

Who Are the Lead Managers of the Vishal Mega Mart IPO?

The IPO is managed by an experienced consortium, including:

• Kotak Mahindra Capital Company
• ICICI Securities
• Jefferies India
• JP Morgan India
• Morgan Stanley India Company

Kfin Technologies handles the registrar duties, ensuring a smooth allotment and refund process.

How Was the Vishal Mega Mart IPO Received?

With a subscription rate of 27.28x, the IPO received robust demand:

• Retail Investors: Subscribed 2.31x.
• Qualified Institutional Buyers (QIBs): A whopping 80.75x.
• Non-Institutional Investors (NIIs): 14.24x.

This overwhelming response highlights investor confidence in Vishal Mega Mart’s growth prospects.

FAQs About Vishal Mega Mart IPO Allotment

1. How can I check my Vishal Mega Mart IPO allotment status?

You can check your allotment status via the BSE or Kfin Technologies websites using your PAN, Application Number, or Demat details.

2. What is the GMP of Vishal Mega Mart IPO today?

The current GMP is ₹19, indicating strong demand in the grey market.

3. When will Vishal Mega Mart shares be credited to my Demat account?

Shares will be credited to eligible allottees’ Demat accounts on December 17, 2024.

4. What is the listing date for Vishal Mega Mart IPO?

The shares are expected to list on BSE and NSE on December 18, 2024.

5. Was Vishal Mega Mart IPO oversubscribed?

Yes, the IPO was oversubscribed 27.28x, reflecting robust investor demand.

6. What was the price band for Vishal Mega Mart IPO?

The price band was set at ₹74 to ₹78 per share.

Conclusion

The Vishal Mega Mart IPO has been a resounding success, showcasing significant investor interest and a promising GMP. With the allotment status now out, investors can look forward to the listing date. Stay tuned for more updates and ensure you check your allotment status on time!