Vishal Mega Mart IPO:  The price band of the IPO shares of Vishal Mega Mart, one of the big companies in the supermarket sector, is Rs 10 per share. Its price band has been fixed between Rs 74 to Rs 78. The company's IPO subscription will open on Wednesday, December 11 and will close on Friday, December 13. That is, investors will be able to invest their money during this period. For anchor investors, this IPO will open a day earlier on Tuesday. 

Face value of equity shares

The floor price is 7.40 times the face value of the equity shares, while the cap price is 7.80 times the face value of the equity shares. The earnings per share (EPS) for the company in 2024 has been fixed at 77.23 times at the upper end of the price band and 73.27 times at the lower end of the price band and the lot size has been fixed at 190 shares. Vishal Mega Mart IPO QBI has been reserved for not more than 50 per cent for public corporation and not less than 35 per cent for retail investors. 

Share listing is likely on December 18

Vishal Mega Mart share allotment based on IPO will be decided on Monday 16 December and the company will start the refund process on Tuesday 17 December. After the refund, the shares will be credited to the demat account of the investors. Vishal Mega Mart shares are expected to be listed on BSE and NSE on Wednesday, 18 December. 

Vishal Mega Mart is a big name in the supermarket sector

Vishal Mega Mart is a big name in the supermarket sector and is quite popular among the lower middle class and middle class customers. Grocery items along with apparel and electronic gadgets are available at affordable prices in their stores.