Vishal Mega Mart IPO: “Welcome to the exciting launch of Vishal Mega Mart’s IPO! As one of India’s leading retail giants, Vishal Mega Mart has consistently delivered value and convenience to millions of customers. This IPO marks a new chapter in investor journey, inviting investors to be part of our growth story. Invest in Vishal Mega Mart and be part of our continued success. And don’t forget to subscribe Yono Informer for the next as same article.!”-
Table of Contents
- About Vishal Mega Mart IPO
- Vishal Mega Mart IPO (Statement From CEO)
- Vishal Mega Mart is giving competition
- Vishal Mega Mart: Where will the funds be used?
- Our Team Conclusion
- Disclaimer
- FAQ
About Vishal Mega Mart IPO
Vishal Mega Mart company is going to launch an IPO of one billion dollars. Switzerland’s Partners Group and India’s Kedara Capital will sell shares through IPO. Let us now know in detail about Vishal Mega Mart IPO.
Two people associated with the company have said that the budget supermarket chain will be valued at up to $5 billion, with some of the proceeds earmarked for adding stores.
Partners Group of Switzerland and Kedar Capital of India will sell shares through Vishal Mega Mart IPO. But, it was not clear how much stake the two private equity firms own in Vishal Mega Mart, how many shares they will sell and whether they will retain the majority stake (maturity holding).
Vishal Mega Mart IPO (Statement From CEO)
Vishal Mega Mart Chief Executive Gunender Kapur did not respond to Reuters requests for comment. Kedar also did not respond, while Partners Group declined to comment.
Vishal Mega Mart is giving competition to Tata, Ambani & other retail industry!
Vishal Maga Mart company has around 560 stores across the country, mainly in smaller towns, selling clothing and groceries. It competes with Indian tycoon Mukesh Ambani’s Reliance Industries, Tata Group’s Trent and grocery retailer Avenue Super marts.
Both of them said that investment banks have been invited for the IPO this week and this offering is likely to happen at the end of this year. Bankers and analysts expect IPO activity in India to pick up amid strong economic growth.
Vishal Mega Mart’s revenue rose 36 to Rs 75.9 billion in its last financial year ending March 2023, while net profit rose 60 to Rs 3.2 billion, according to a report by Fitch-owned India Ratings.
Vishal Mega Mart: Where will the funds be used?
The company can bring an IPO of $ 1 billion or approximately Rs.8300 crore. If it can launch an IPO of Rs.8300 crore, then the valuation of Vishal Mega Mart can be Rs.41,500 crore. The company will use a part of the funds raised from the IPO to increase the number of its stores.
According to Boston Consulting Group estimates, India’s retail market could be worth $2 trillion by 2033. Whereas currently it is worth about 840 billion dollars.
Vishal Mega Mart, which sells T-shirts for as low as 99 rupees ($1.5) and jeans for $9.5, generates almost half of its sales from apparel, according to sources. Apart from groceries, this company also sells home appliances.
Partners Group and Kedar had acquired Vishal Mega Mart in 2018 from rival buyout firm TPG and India’s Shriram Group for about $350 million.
Our Team Conclusion
Vishal Mega Mart’s IPO is an important milestone, reflecting investor confidence in the growth potential of the company. Its successful launch underlines the flexibility and opportunities of the retail sector in India’s emerging market. The IPO of Vishal Mega Mart marks a hopeful journey.
Disclaimer
The information given on Yono Informer does not constitute any investment advice. Before investing in the share market, definitely consult your financial advisor& then take a plan.
FAQ
The EBITDA of Vishal Mega Mart has increased by 10.13 % over the previous year.
Vishal’s customers love its unique combination of great quality and amazing prices.
They have nothing to do with each other and operate by different people.
VMM target middle class as it is the largest consumer base in India.
Vishal Mega Mart was founded in the year 2001.
