Vishal Mega Mart’s $944 Million IPO Sold on 2nd Day of Sale

Vishal Mega Mart's $943 million India IPO fully subscribed, retail investor demand tepid
By Nandan Mandayam and Kashish Tandon (Reuters) -Indian budget retailer Vishal Mega Mart's $943 million IPO was fully subscribed on the second day of bids on Thursday, though a flood of recent offerings dulled retail investors' appetite for a company analysts say is immune to its bigger rivals' problems.
Vishal Mega Mart IPO day 2: GMP, subscription status, review, other details. Buy or not?
According to stock market observers, the company’s shares are available at a premium of ₹26 in the grey market today
Vishal Mega Mart’s $944 Million IPO Sold on Second Day of Sale
Vishal Mega Mart Ltd.’s $944 million initial public offering was fully sold on the second day of the sale, driven by strong demand from high-networth and retail investors.
Vishal Mega Mart's $943 million India IPO fully subscribed on second day of share sale
(Reuters) -Indian budget retailer Vishal Mega Mart's 80-billion-rupee ($943 million) initial public offering (IPO) was fully subscribed on day two of bids, led by demand from non-institutional investors.
Vishal Mega Mart IPO Day 2: Issue subscribed over 90%; HNIs portion fully booked
On the first day bidding process, the issue subscribed for 38,63,32,890 shares, accounting for 51 per cent of the total issue size. VMML is aiming to raise Rs 8,000 crore through an offer-for-sale (OFS).
Vishal Mega Mart IPO subscribed 51% on day 1 of issue, NIIs place highest bids; Latest GMP here
Vishal Mega Mart IPO was subscribed 51 per cent on the first day of subscription, with the portion reserved for NIIs booked the highest among the three groups of investors.
Vishal Mega Mart's ₹8,000 crore IPO sees full subscription on day 2; Check GMP, other details
Retail investors can bid in the IPO with a minimum lot size of 190 shares, resulting in an investment of ₹14,820. With the subscription window closing on December 13, Vishal Mega Mart is slated to finalise the allotment of shares on December 16.
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Vishal Megamart IPO: ₹8,000 Crore Issue Subscribed 1.63 Times; NIIs Portion Booked 4.1x, GMP Declines To 21%
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