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Vishal Mega Mart names five bankers for $750 million IPO

Livemint

Livemint · 1y ago

Vishal Mega Mart names five bankers for $750 million IPO

Vishal Mega Mart has appointed Kotak Mahindra Capital, ICICI Securities, JP Morgan, Morgan Stanley, and Jefferies as bankers for its upcoming IPO, expected to be worth up to $750 million. The supermarket chain, owned by Partners Group and Kedaara Capital, plans to file for the IPO by the end of the year. Vishal Mega Mart's owners are targeting a valuation of $5 billion. The company operates a mix of owned stores and franchises, and its consolidated revenue grew 36% to INR 7,590 crore ($1.03 billion) in FY23.

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How are Kedaara, Partners Group faring as Vishal Mega Mart seeks $4.2 bn tag in IPO?

VCCircle

VCCircle · 8m ago

How are Kedaara, Partners Group faring as Vishal Mega Mart seeks $4.2 bn tag in IPO?

Indian private equity firm Kedaara Capital and Swiss investment firm Partners Group are poised to earn significant returns as their portfolio company, Vishal Mega Mart, prepares for its IPO. Vishal Mega Mart is a major value retailer in India and will launch its IPO with a $4.2 billion valuation. Kedaara Capital and Partners Group are expected to benefit greatly from the IPO.

Can Vishal Mega Mart command DMart-type valuation in PE-backed IPO?

VCCircle

VCCircle · 1y ago

Can Vishal Mega Mart command DMart-type valuation in PE-backed IPO?

Vishal Mega Mart Pvt. Ltd is planning to launch an IPO backed by private equity investors and hopes to achieve a valuation similar to Avenue Supermarts Ltd, the largest listed retailer in India. Vishal Mega Mart, a major value retailer in the country, is aiming to go public.

Gunender Kapur to turn $150 mn plus man as PE owners line up Vishal Mega Mart for IPO

VCCircle

VCCircle · 9m ago

Gunender Kapur to turn $150 mn plus man as PE owners line up Vishal Mega Mart for IPO

Gunender Kapur, the CEO of Vishal Mega Mart, is set to become a multi-millionaire as private equity firms prepare for an IPO of the budget retail chain. Kapur will join the ranks of professionals with substantial net worth, thanks to lucrative stock options. Vishal Mega Mart was acquired by private equity firms six years ago.

Vishal Mega Mart to launch Rs 8,000 Cr IPO on December 11

YourStory

YourStory · 8m ago

Vishal Mega Mart to launch Rs 8,000 Cr IPO on December 11

Vishal Mega Mart, a major supermarket chain, is planning to launch its Rs 8,000 crore initial public offering (IPO) from December 11 to December 13. The IPO will consist entirely of an Offer For Sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares. The proceeds from the IPO will go to the selling shareholder, as the company will not receive any funds. Vishal Mega Mart operates 626 stores and caters to middle and lower-middle-income consumers, offering a wide range of products. The IPO is expected to attract significant investor interest.

Vishal Mega Mart Shares Tumble 8% Following Massive INR 10,488 Crore Block Deal

StartupTalky

StartupTalky · 1m ago

Vishal Mega Mart Shares Tumble 8% Following Massive INR 10,488 Crore Block Deal

Vishal Mega Mart shares fell by 8% after Samayat Services LLP, its promoter company, executed a substantial INR 10,488 crore block deal, reducing its stake from 74.5% to 55-60%. The sale, occurring post-IPO lock-in, is seen as a strategic exit by private equity investors. Despite this, Vishal Mega Mart saw a robust performance in FY25, with revenue and net profit surges due to aggressive expansion and strong consumer demand. The stock’s valuation remains a concern.

PhysicsWallah IPO: Edtech unicorn files confidential DRHP for ₹4,600 crore public issue

Money Control

Money Control · 4m ago

PhysicsWallah IPO: Edtech unicorn files confidential DRHP for ₹4,600 crore public issue

The initial share sale, which could be around $500 million (about ₹4,600 crore) will consist of issuing new equity shares as well as an offer for sale (OFS) component, the report said. The confidential filing, which was introduced by SEBI in November 2022, allows companies to submit IPO documents privately to protect sensitive information, including financials. Other companies that preferred confidential routes include Tata Play, Vishal Mega Mart, Swiggy, OYO, and Indira IVF. Last year, the Alakh Pandey-led firm had picked Kotak Mahindra Capital, JP Morgan, Axis Bank, and Goldman Sachs as investment bankers, Moneycontrol reported.

MobiKwik, Vishal Mega Mart among 11 IPOs set to open next week

Inshorts · 8m ago

MobiKwik, Vishal Mega Mart among 11 IPOs set to open next week

Five mainboard IPOs will open for subscription next week. These include International Gemmological Institute (₹4,225 crore), MobiKwik (₹572 crore), Sai Life Sciences (₹3,043 crore), Vishal Mega Mart (₹8,000 crore) and Inventurus Knowledge Solutions. SME IPOs include Dhanlaxmi Crop Science, Purple United Sales, Jungle Camps India, Toss The Coin, Supreme Facility Management and Yash Highvoltage.

Vishal Mega Mart's $943 mn IPO fully subscribed on second day of share sale

VCCircle

VCCircle · 7m ago

Vishal Mega Mart's $943 mn IPO fully subscribed on second day of share sale

Indian budget retailer Vishal Mega Mart's $943 million initial public offering (IPO) was fully subscribed on the second day of bids, driven by demand from non-institutional investors. The company, which sells groceries and clothing at affordable prices, is a smaller player in India's supermarket industry compared to larger competitors like Reliance Retail and DMart. Vishal Mega Mart's IPO received bids for 835.5 million shares, compared to the 756.8 million shares on offer. The shares are expected to begin trading on December 18.

Livspace plans down round; Bajaj unit, Vishal Mega Mart pick bankers for IPOs

VCCircle

VCCircle · 1y ago

Livspace plans down round; Bajaj unit, Vishal Mega Mart pick bankers for IPOs

Livspace, a home and interior platform, is reportedly seeking $20-25 million in funding from private equity firm KKR in an internal round. Although Livspace has previously raised $180 million, its valuation has declined to around $700 million from $1.2 billion. The company's plans for the funding come after news that Bajaj subsidiary Bajaj Consumer Care and retail chain Vishal Mega Mart have chosen advisers for their respective initial public offerings (IPOs).

IPO frenzy next week: Five main-board, 6 SMEs to hit primary market to raise Rs 18,500 crore

Economic Times

Economic Times · 8m ago

IPO frenzy next week: Five main-board, 6 SMEs to hit primary market to raise Rs 18,500 crore

11 companies, including Vishal Mega Mart, Sai Life Sciences, and One Mobikwik Systems, are set to launch their initial public offerings (IPOs) next week, aiming to raise a total of around Rs 18,500 crore. Alongside these main-board IPOs, six small and medium enterprises are also preparing to go public to raise over Rs 150 crore collectively. The companies are tapping into the primary market to provide exit routes for existing shareholders, fund expansion plans, retire debt, and support working capital needs. The IPO market has been thriving in 2024, although some recent issues have faced challenges in the secondary market.

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