08 Jun 07 Vishal Retail IPO
Vishal Retail Limited is all set to tap the Indian capital markets with an IPO scheduled to open on June 11, alongside with the mega DLF IPO. Vishal Retail Limited runs the retail chain of stores under the brand name Vishal Mega Mart. Vishal mega mart is a leading retail chain in north India. Vishal Retail Limited presently runs 16 Vishal Mega Marts. The Vishal Retail IPO opens for subscription on Monday, June 11 2007 and closes for subscription on June 13 2007. Vishal Retail Limited has fixed the price band for the IPO between Rs. 230 and Rs. 270 per share and the IPO Lot Size is 25 shares. Vishal Retail IPO is expected to raise about 110 crores which will be used by Vishal Retail Limited to open new stores. Vishal Retail Limited plans to open 10 new Vishal Mega Mart stores by the end of this financial year part financing them using the funds raised through the IPO. Vishal Retail Limited received private equity funding of about 38 crores last year from Gaja Capital Partners, HDFC, and the Burman family. Post IPO, the shares of Vishal Retail Limited will be listed on the stock exchange, Mumbai. The lead manager for Vishal Retail IPO is Enam financial consultants ltd. The registrar for the Vishal Retail IPO is Intime Spectrum Registry Ltd. For updates on the subscription / oversubscription ratio of Vishal Retail IPO and to know the allotment status, refund details and listing date of Vishal Retail IPO, do check this blog regularly.
Vishal Retail Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Vishal Retail Limited IPO Issue.
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vishal mega mart have 51 store at present not 16
HI bullish indian,
vishal certainly looks to be a better place to put your money..
i have a querry..
the allottment of vishal retail ipo would be done on lottery system if the ipo is heavily over-subscribed.
does one reduce one’s chances of getting allottment if one invests for less shares.
eg: if i apply for just 25 shares than applyin for 350 shares.
When Vishal Retail enter into the market NSE or BSE listing. If we apply 25 shares, when i can get the shares and these shares can able trade on NSE or BSE or both. Companies listing IPO will inform us at what date their company will list on NSE or BSE. I am fresh to the market, can any one who has knowledge can explain me.
Thanks in Advance
Guna
@Indian Investor – Yes, I have always found it better to apply for the maximum number of shares permitted under the retail investor category. If the retail investor in Vishal Retail IPO gets heavily oversubscribed (more than 14 times the IPO size allocated to the retail investor category) then allotment will be made to all retail investors only on lottery basis. However, you can still have a better probability of getting allotment if you apply for the most number of shares. If I decide to apply for the vishal retail IPO, I will certainly apply for 350 shares.
@Guna – Vishal Retail will list on NSE and BSE on the first or second week of July. You will get the vishal retail limited shares in your demat account by first week of July.
Yes companies listing on stock exchanges, will inform investors 1-2 days in advance of the listing date.
I suggest you apply for the maximum number of shares possible in the vishal retail IPO. However don’t apply for more than 350 shares. A bid for 350 shares of Vishal Retail Limited at cut off will be the best option. If you apply for just 25 shares it is most likely that you will not get any allotment in the vishal retail IPO.
I just fill the IPO of Vishal… for 350 shares… i don’t know first time i worried if some company make a problem in refund how you can get back… or to whom u have to inform to get back your refund. if you not whole allotment of your amount