Vishal Mega Mart plans ₹8,000 crore IPO with key dates and details announced

Vishal Mega Mart is set to launch its initial public offering (IPO) next week, aiming to raise ₹8,000 crore. The share price is set between ₹74 and ₹78, with the IPO opening on December 11 and closing on December 13. The IPO will offer approximately 102.5 crore shares, with 50% allocated for institutional investors and 35% for retail investors. The company will not receive any proceeds from the offer, as it is an offer for sale by the promoter. In the fiscal year 2023-2024, Vishal Mega Mart reported a 17.48% increase in revenue, reaching ₹8,911.94 crore, and a 44% rise in profit after tax to ₹461.93 crore. The company operates 645 stores across India.