Vishal Mega Mart Sets Price Band for Rs 8,000-Crore IPO at Rs 74-78 per Share; Listing Scheduled

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Mumbai: Vishal Mega Mart, a prominent retail chain in India, has announced the price band for its much-anticipated Rs 8,000-crore IPO at Rs 74-78 per share. The company aims to tap into the capital markets to fuel its expansion and strengthen its retail presence across India.



The IPO is expected to open for subscription on December 9, 2024, and close on December 12, 2024. The company has set a listing date of December 18, 2024, for its shares to be traded on the stock exchanges.

Vishal Mega Mart plans to use the proceeds from the public offering for business expansion, debt reduction, and general corporate purposes. The company has been expanding its footprint rapidly across India, with a strong presence in both Tier 1 and Tier 2 cities, catering to the growing demand for affordable fashion and everyday essentials.

With retail giants vying for market share in India's competitive retail sector, Vishal Mega Mart’s IPO is expected to generate considerable investor interest. The company's focus on value-based retail and cost-effective offerings has made it a popular shopping destination among Indian consumers.

The Rs 8,000-crore IPO is a significant milestone for the company as it looks to capitalize on India’s growing retail market. Stay tuned for further updates and key developments regarding the IPO.

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