The three-day IPO of Vishal Mega Mart, the supermarket chain operator across India saw 51% subscription at the end of the first day of bidding. The ₹8,000 crore IPO is priced between ₹74 to ₹78 per share.
The company already raised ₹2,400 crore from anchor investors ahead of the IPO opening.The IPO will close for subscription on Friday, December 13.
he portion reserved for retail investors saw overall subscription of 53%, while the non-retail portion saw the highest subscription at 1.11 times the shares on offer at the end of the first day.
Institutional investors so far have only placed bids for 62.95 lakh shares, compared to the 21.62 crore shares on offer for them.