Vishal Mega Mart IPO

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Company Details

Vishal Mega Mart is one stop destination for middle and lower-middle income India. The company offers products across 3 categories, i.e., apparel, general merchandise and fast-moving consumer goods, through a pan-India network of Vishal Mega Mart stores, mobile application and website.

The Company was originally incorporated as ‘Rishanth Wholesale Trading Pvt Ltd’ at Gurugram on March 26, 2018. The name was changed to ‘Vishal Mega Mart Pvt. Ltd’ on May 28, 2020. Subsequently, the name was changed to ‘Vishal Mega Mart Limited’ on conversion to public limited company in May 2024.

The company’s offline channel comprises of 645 stores across 414 cities in India, with an aggregate store area of 11.49 mn square feet, as of September 30, 2024. During the 6 months period ended September 30, 2024, the company opened 35 new stores, while the company closed 26 stores during the period from FY2022 till September 30th, 2024. Vishal Mega Mart is the fastest-growing leading offline-first diversified retailers in India, based on PAT growth between FY 2021 - 2024, and among the 2 leading offline-first diversified retailers in India in terms of same-store sales growth for FY 2024. The company’s average payback per store for new stores opened during FY 2023 was 19 months, which isthe shortest store payback period among leading offline[1]first diversified retailers in India.

The company was ranked among the three leading offline-first diversified retailers in India, based on retail space as of March 31, 2024.
The company’s loyalty program was awarded the “Best Loyalty Programme of the Year Food Retail and Non-Food Retail” at the International Loyalty Awards 2023. The Company has 133.82 million customers registered under the loyalty program as at September 30, 2024.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Price: 80 - 84 | IPO Lot Size: 1600 | IPO Issue Size: NA
Open Date: 02 Sep 2025 | Close Date: 04 Sep 2025

Vishal Mega Mart IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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