Vishal Mega Mart IPO Concludes with Overwhelming 27x Subscription, QIBs Bid 80.75 Times

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Vishal Mega Mart’s Initial Public Offering (IPO) has concluded with an impressive 27 times subscription, reflecting strong investor interest. The IPO saw a particularly strong demand from Qualified Institutional Buyers (QIBs), who bid a staggering 80.75 times the shares allocated to them, signaling significant confidence in the retail giant's market potential.

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The public issue, which opened for subscription earlier this week, garnered substantial interest across all investor categories. Retail investors and non-institutional buyers also showed strong participation, with the overall subscription numbers indicating a robust demand for Vishal Mega Mart's shares.

As the issue closed, the latest Grey Market Premium (GMP) for Vishal Mega Mart's IPO stood at approximately ₹130-₹150, indicating positive market sentiment and expectations of a solid listing on the stock exchanges.

The strong subscription numbers and GMP suggest that Vishal Mega Mart, which operates a large network of retail stores across India, is poised for a successful debut. Investors are eagerly awaiting the final allotment details and the stock's listing date, with many anticipating strong gains once it begins trading.

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