Vishal Mega Mart’s $944 Million IPO Sold on 2nd Day of Sale

Vishal Mega Mart's $943 million India IPO fully subscribed on second day of share sale
(Reuters) -Indian budget retailer Vishal Mega Mart's 80-billion-rupee ($943 million) initial public offering (IPO) was fully subscribed on day two of bids, led by demand from non-institutional investors.
Vishal Mega Mart IPO Day 2: Issue subscribed over 90%; HNIs portion fully booked
On the first day bidding process, the issue subscribed for 38,63,32,890 shares, accounting for 51 per cent of the total issue size. VMML is aiming to raise Rs 8,000 crore through an offer-for-sale (OFS).
Vishal Mega Mart’s $944 Million IPO Sold on Second Day of Sale
Vishal Mega Mart Ltd.’s $944 million initial public offering was fully sold on the second day of the sale, driven by strong demand from high-networth and retail investors.
Vishal Mega Mart IPO Day 2 Highlights: IPO fully subscribed
Find the latest news on stock markets and companies here Vishal Mega Mart IPO has been subscribed 49% or 0.49 times as at 4.33 pm. Vishal Mega Mart IPO has been subscribed 36% or 0.36 times as at 3.15 pm.
Vishal Mega Mart IPO Day 2: Subscription reaches 0.73x, GMP zooms 27%
Non-Institutional Investors (NIIs) have led the demand for the Vishal Mega Mart IPO, subscribing to their reserved quota 1.71 times
Vishal Mega Mart IPO Subscribed 5% So Far On Day One — Check Price, GMP
The price band for the IPO has been set in the range of Rs 74 to Rs 78 per share. The market value at the upper end of the price band is Rs 35,168 crore. The company raised nearly Rs 2,400 crore via allocations to anchor investors, a day before the public offering began for retail investors.
Vishal Mega Mart IPO: Why analysts recommend subscribing for long term; know here
SBI Securities' analysts have suggested the IPO to apply from a perspective of long term due to the company's presence across product categories and stores throughout India and has track record of profitable growth.
Vishal Mega Mart IPO Fully Subscribed: 1.53 Times on Day 2
Vishal Mega Mart's Rs 8,000 crore IPO was fully subscribed on Day 2, reaching 1.53 times subscription. The IPO will close on December 13, with shares available at Rs 74-78 apiece.
Vishal Mega Mart's $943 mln India IPO fully subscribed on second day of share sale
Indian budget retailer Vishal Mega Mart's 80-billion-rupee ($943 million) initial public offering (IPO) was fully subscribed on the second day of bidding on Thursday.
Vishal Mega Mart secures Rs 2,400 crore from anchor investors ahead of IPO launch
Vishal Mega Mart secured Rs 2,400 crore from anchor investors, including SBI Mutual Fund and Government of Singapore, for its Rs 8,000-crore IPO. The IPO, open from December 11-13, comprises an offer-for-sale by Kedaara Capital.
IPO subscription: Vishal Mega Mart, One Mobikwik Systems, Sai Life Sciences & Inventurus Knowledge Solutions
While IPOs of Vishal Mega Mart, One Mobikwik Systems and Sai Life Sciences opened on December 11, share sale for Inventurus ...
Vishal Mega Mart IPO: Issue subscribed 51% on Day 1. Check GMP, other details
The initial public offering (IPO) of supermarket chain Vishal Mega Mart opened for public subscription on Wednesday, with an ...