00:00Upper lower class, lower middle class and middle class are going to have a big name in the supermarket sector.
00:11Vishal Megamart is now going to be listed in the share market.
00:15The company is bringing its IPO, but this IPO will be completely OFS, i.e. offer for sale based.
00:23That is, the company will not issue any new share in its IPO.
00:27Under this IPO, the company's promoter, which is Samayat Services LLP, will issue all the shares.
00:34So let's tell you everything in detail in this video.
00:37Vishal Megamart is bringing its IPO.
00:40This IPO of 8000 crores will open for subscription on Wednesday, i.e. December 11 and close on December 13.
00:47This IPO will open for Anchor Investors on December 10.
00:50Samayat Services LLP has 96.55% share in Gurugram's Vishal Megamart.
00:57Now this IPO is completely OFS based.
01:00This means that Vishal Megamart will not get the money coming from the IPO.
01:05All the money coming from the IPO will be given to the company's promoter, Samayat Services LLP.
01:10Vishal Megamart had submitted documents to SEBI for the IPO in July via pre-filing route.
01:17SEBI approved Vishal Megamart's IPO on September 25.
01:21After that, an updated draft filing was filed in October.
01:25Vishal Megamart has made a strong connection between the upper lower class, lower middle class and middle class.
01:32Vishal Megamart is a one-stop destination for daily necessities.
01:38If we talk about the product range, Vishal Megamart also has in-house and third-party brands.
01:45These brands focus on three major categories, Apparel, General Merchandise and FMCG.
01:52Vishal Megamart has a total of 626 stores in India by June 30, 2024.
01:59Along with this, you can also shop online from Vishal Megamart's mobile app and website.
02:05Now it will be interesting to see how this will affect the market after Vishal Megamart's IPO.
02:12So tell us, are you also buying Vishal Megamart's IPO?
02:16Give us your answer in the comment box and keep watching Good Returns for such updates.
02:21Don't forget to like and subscribe to our channel.
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