The highly anticipated listing of Vishal Mega Mart IPO is finally happening on Wednesday, after the IPO received overwhelming demand and was oversubscribed 28.75 times. The current grey market premium for the unlisted shares reflects strong investor sentiment, but experts warn that GMP is not always a reliable indicator of listing performance. Investors who have applied for the IPO can now check their allotment status online through various portals.
Indian hypermarket chain Vishal Mega Mart is targeting a wide range of customers with its affordable products and a strong online presence, reporting a CAGR growth in revenue, EBITDA, and PAT. The company's IPO is an offer-for-sale, with the aim to raise Rs 8,000 crore for its promoter Samayat Services. While brokerage firms such as SBI Securities recommend subscribing to the issue, Swastika Investmart cautions high-risk investors to bid with caution.