Vishal Mega Mart Limited IPO

Incorporated In 2018, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.

They own their brands and third-party brands to meet the everyday needs of consumers. The company offers a wide range of products across apparel, general merchandise, and FMCG, including its brands for clothing, home furnishings, travel accessories, kitchen appliances, food, non-food items, and staples.

The company targets middle and lower-middle-income people, through a Pan India network of 645 Vishal Mega Mart stores (as of September 30, 2024) and their Vishal Mega Mart mobile app and website. As of September 30, 2024, the company has a presence across 414 cities in 28 states and two union territories.

The company operates an asset-light business model, leasing all its distribution centers and stores, while its products are manufactured by third-party vendors or sourced from third-party brands.

As of September 30, 2024, their direct local delivery service, managed by their employees, had 6.77 million registered users and was available in 600 stores across 391 cities in India.

The Company Ranked as one of the top two offline-first diversified retailers in India. As of September 30, 2024, they had 16,537 employees.

Their portfolio of own Brands:

  • Apparel: Classics, Fashion, Denim, Ethnic
  • General Merchandise: Tandem Home Appliances, Home Select, Home Finery
  • FMCG: Savory Products, Staples, Home Care

Their Strengths:

  • Serving a Large and Growing Section of the Indian Population
  • Consumer-Centric Approach Resulting in a Large and Loyal Consumer Base
  • Diverse and Growing Portfolio of their Brands across Product Categories
  • Pan-India Presence with a Track Record of Successful Store Growth
  • Technology Enabled and Systems Driven Operations
  • Professional and Experienced Management Team
  • Track Record of Delivering Revenue, Profit Growth and Capital Efficiency
 

Vishal Mega Mart Limited Financial Information (Restated Consolidated)

Vishal Mega Mart Limited’s revenue increased by 17.41% and profit after tax (PAT) rose by 43.78% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets9,551.758,506.088,288.918,217.98
Revenue5,053.428,945.137,618.895,653.85
Profit After Tax254.14461.94321.27202.77
Net Worth5,923.745,646.595,180.844,849.93
Reserves and Surplus1,390.271,113.12649.50321.88
Total Borrowing  133.50497.41
Amount in ₹ Crore

Key Performance Indicator

KPI as of March 31, 2024.

KPIValues
ROCE68.76
RoNW8.18
P/BV0
PAT Margin (%)5.18
 Pre IPOPost IPO
EPS (Rs) 1.021.13
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Vishal Mega Mart IPO Objectives)

The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.

Vishal Mega Mart IPO Details

IPO DateDecember 11, 2024 to December 13, 2024
Listing Date[.]
Face Value₹10 per share
Price[.] to [.] per share
Lot Size 
Total Issue Size[.] shares
(aggregating up to ₹8,000.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹8,000.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue4,508,719,493
Share holding post issue4,508,719,493

Vishal Mega Mart IPO Promoter Holding

Vishal Mega Mart IPO opens on December 11, 2024, and closes on December 13, 2024.

Share Holding Pre Issue94.46%
Share Holding Post Issue 

SHARIAH SCREENING for - Vishal Mega Mart Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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