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’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 Subscribed 1.13 Times So Far On Day Two
The IPO was subscribed 1.13 times, as of 2:57 p.m. on Thursday. The grey market premium of Vishal Mega Mart IPO was Rs 18 as of 1:30 p.m. on Thursday, according to InvestorGain. This implies shares of the company will likely list at Rs 96 apiece, indicating a 24% premium to the upper end of the price band.
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 ₹8,000 crore IPO sees full subscription on day 2; Check GMP, other details
Retail investors can bid in the IPO with a minimum lot size of 190 shares, resulting in an investment of ₹14,820. With the subscription window closing on December 13, Vishal Mega Mart is slated to finalise the allotment of shares on December 16.
Vishal Mega Mart IPO subscribed 51% on day 1 of issue, NIIs place highest bids; Latest GMP here
Vishal Mega Mart IPO was subscribed 51 per cent on the first day of subscription, with the portion reserved for NIIs booked the highest among the three groups of investors.
Vishal Mega Mart IPO Subscribed Completely
On the second day of the December 12 share sale, Vishal Mega Mart’s initial public offering (IPO) received 1.15 times the subscription. According to BSE data at 3:15 PM, bids for 87.25 crore shares were received for the grocery chain Vishal Mega Mart’s first share sale, out of the 75.67 crore shares available.
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'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 IPO Day 2: Issue Booked 51% So Far; Check GMP, Reviews, Other Details
Based on the grey market trends from the last eight sessions, today’s IPO GMP is on the rise and suggests a robust listing
Vishal Mega Mart IPO Day 2. Check key dates, GMP, price band, subscription and review
Vishal Mega Mart's Rs 8,000 crore IPO saw a 51% subscription on its first day, driven by non-institutional investors. Priced at Rs 74-78 per share, the offer comprises 102 crore shares and closes on December 13.
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