Vishal Mega Mart Limited IPO Details Issue Price, Date, News, Allotment Status, GMP, Link, Updates

Vishal Mega Mart Limited IPO Company Profile: 

Vishal Mega Mart is a comprehensive destination catering to the needs of middle and lower-middle-income consumers in India. Through its portfolio of both owned and third-party brands, it offers a diverse range of merchandise that addresses both the aspirational and daily requirements of customers. The product offering spans across three key categories: apparel, general merchandise, and fast-moving consumer goods.

Vishal Mega Mart Limited IPO Details:

Vishal Mega Mart Limited IPO Strengths:

• Vishal Mega Mart has a diverse and expanding portfolio of proprietary brands across the apparel, general merchandise, and fast-moving consumer goods (FMCG) categories. Their brand portfolio includes exclusive offerings for men, women, children, and infants.
• In FY24, sales from company’s own brands accounted for 71% of total sales, generating revenue of Rs 6,399 crore. The revenue from operations driven by the sales of their own brands has grown at a compound annual growth rate (CAGR) of 27.72% between FY2022 and FY2024.
• The company operates a pan-India network of 645 stores across 33 Tier 1 cities and 381 Tier 2 cities and beyond, as of September 30, 2024. As of March 31, 2024, the company is ranked among the top two offline-first diversified retailers in India based on its presence in cities. The company expanded its store count from 557 in FY23 to 661 in FY24.
• In FY24, company reported sales of Rs 8,911 crore, reflecting a 17.5% increase compared to FY23. The company achieved a compound annual growth rate (CAGR) of 26% in revenue between FY22 and FY24. Additionally, the company reported a profit after tax (PAT) of Rs 416.9 crore, marking a 43% growth over FY23.

The company was the most efficient company in terms of adjusted Return on Capital Employed (ROCE) among the leading offline-first diversified retailers in India, with a ROCE of 70.95% in FY24.

Vishal Mega Mart Limited IPO Risk Factors:

• They face intense competition with online retailers and other e- commerce websites.

 Vishal Mega Mart Limited IPO Financial Performance:

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Vishal Mega Mart Limited IPO Shareholding Pattern:

Vishal Mega Mart Limited IPO Outlook:

Vishal Mega Mart has positioned itself as a prominent player among offline diversified retailers in India, with a robust nationwide presence and strong financial performance in terms of revenue and profit. The current offering is a complete offer for sale, with no proceeds allocated for expansion or growth. The company shares are   priced at a post-issue price-to-earnings (P/E) ratio of Rs 76 per share, based on an FY24 EPS of Rs 1.02. Based on our analysis of the company’s fundamentals and business model, we recommend that investors with a medium-to-long-term horizon consider applying for the issue, with the potential for long-term gains and listing benefits.

Vishal Mega Mart Limited IPO FAQ: