With the listing just a day away, Vishal Mega Mart shares GMP has surged to over 25 percent, indicating strong market sentiment around the IPO. Investors are eyeing a listing gain of Rs 19-20 per share.

The allotment will be conducted on a lottery basis, overseen by the registrar to ensure transparency. On the allotment date, investors will be informed of the number of shares allotted to them relative to their bids.

Vishal Mega Mart IPO Allotment Live Updates: The IPO was subscribed to a total of 28.75 times on the last day i.e. December 13. The company raised a sum of Rs 8,000 crore from the primary market. The retail investors booked the issue 2.43 times. The allotment of shares will be finalised on December 16 by the registrar, Kfin Technologies.

The grey market premium of the Vishal Mega Mart IPO was Rs 19 as of 1:00 p.m. on December 16 indicating a listing gain of 24.36 %, with the listing price being Rs 97 apiece.

The IPO of the hypermarket retail chain accepted bids from the public between December 11-13, 2024. The issue remained popular among investors and saw a strong response from the public

The latest grey market premium (GMP) signals a double-digit 25% premium listing. IPO has oversubscribed with healthy demand from across investor categories.

Gurugram-based Vishal Mega Mart sold its shares in the price band of Rs 74-78 apiece, for which Investors could apply for a minimum of 190 shares and its multiples to raise Rs 8,000 crore.

The allotment of Vishal Mega Mart IPO shares is expected to be finalized today, Monday,. The subscription for the public offering closed on Friday,

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, Mobikwik, and Sai Life Sciences—will finalize allotments by December 16, with listings set for December 18. Investors bid Rs 11,615 crore collectively, with oversubscriptions reaching 119x for Mobikwik.