PM Modi launched multiple projects in Delhi today including two new Delhi University campuses, and urban redevelopment projects in Nauroji and Sarojini Nagar.
Vishal Mega Mart share price: The stock is currently trading 38 per cent higher than its issue price of Rs 78 per share
Ahead of the listing, the company's shares were trading at Rs 100, reflecting a premium of Rs 22 or 28.21 per cent over the issue price of Rs 78, revealed sources tracking grey market activities
The unlisted shares of Vishal Mega Mart continue to command a strong premium in the grey market, indicating a favorable listing. Here's what market experts expect from the company's D-Street debut
The IPO of the Gurugram-based supermart major is entirely an offer-for-sale (OFS) of shares by promoter Kedaara Capital-led Samayat Services LLP, Samayat Services LLP, with no fresh issue of equity
Vishal Mega Mart IPO, which opened for public subscription on Wednesday, December 11, 2024, is set to close today
The Rs 8,000-crore IPO of Vishal Mega Mart will end on December 13
Non-Institutional Investors (NIIs) have led the demand for the Vishal Mega Mart IPO, subscribing to their reserved quota 1.71 times
As the markets prepare to open, the mood is upbeat. At 6:34 AM, the GIFT Nifty futures are trading 28 points higher at 24,762 levels, hinting at a positive start
Vishal Mega Mart IPO Day 1: The IPO which opened for subscription today (December 11), is a complete offer for sale (OFS) comprising 1,025,641,025 shares
The Supreme Court today raised concerns over the growing misuse of cruelty laws by married women to harass husbands and in-laws
Vishal Mega Mart IPO opens for public subscription on Wednesday, December 11, 2024, and will remain available for subscription until Friday, December 13, 2024
Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholder
The proposed IPO will be entirely an offer-for-sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares
Three companies -- supermart major Vishal Mega Mart, renewable energy firm ACME Solar Holdings and packaging equipment manufacturer Mamata Machinery -- have received Sebi's clearance to raise funds through initial public offerings (IPOs), an update with the regulator showed on Monday. On the other hand, the regulator has returned the draft offer document of manpower services company Innovision, whose proposed IPO was a mix of fresh issuance of shares worth Rs 315 crore and an Offer For Sale (OFS) of up to 11.81 lakh shares. Before that, Hyundai MotorIndia Ltd, the Indian arm of South Korean automaker Hyundai, and food and grocery delivery major Swiggy received Sebi's nod on September 24 to float IPOs. Sources had previously stated that the South Korean automaker is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale, while the IPO of Swiggy has been pegged at over Rs 10,000 crore. Going by Sebi's update on Monday, Mega Mart took the ...
The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said.
Sebi has returned the IPO draft documents of four firms, including supermart major Vishal Mega Mart, education-focused NBFC Avanse Financial Services and private equity major TPG Capital-backed Sai Life Sciences, an update with the regulator showed on Tuesday. Additionally, the offer document of BMW Ventures was returned too. The company's initial public offering (IPO) papers were received by Sebi on July 1. The Securities and Exchange Board of India (Sebi) has returned the offer documents of these four companies for "non-compliance with Regulation 7(1) (a) of Sebi ICDR Regulations, 2018, as on July 24, 2024". According to the Regulation 7(1) (a) of Sebi ICDR Regulations, an issuer making an initial public offer shall ensure that it has made an application to one or more stock exchanges to seek an in-principle approval for listing of its specified securities on such stock exchanges and has chosen one of them as the designated stock exchange. Vishal Mega Mart, on July 12, took the .
Partners Group, Kedaara Capital-backed retailer becomes the fourth company to take this route
Other banks are likely to be added to work on the IPO, the people said. The Gurugram-based company could raise between $850 million to $1 billion in the offering, they said
The retailer has 560 stores, mainly in smaller cities, that sell clothes and grocery items. It competes with Indian tycoon Mukesh Ambani's Reliance, Tata Group's Trent