VISHAL MEGA MART LTD ₹8,000 CRORE INITIAL PUBLIC OFFERING TO OPEN ON 11th DECEMBER, 2024

National, December 10^th, 2024: Vishal Mega Mart Limited (VMM), shall open the Bid / Offer Period in relation to its initial public offer of the Equity Shares on Wednesday, 11^th December, 2024 and close on Friday, 13^th December 13, 2024. The Total Offer Size of equity shares (face value ₹ 10 each) aggregating up to ₹8,000 crore comprises of offer for sale by Kedaara Capital-led Samayat Services LLP.

VMM is one of India’s leading retail players, achieving ₹8,900 crore in revenues in FY24. The company has 645 stores across 414 cities in 30 states and union territories, with 11.5 million retail sq. ft. VMM offers a diversified merchandise mix, with Apparel contributing 45% of sales, General Merchandise 28%, and FMCG 27%.

• Track record of profitable and capital-efficient growth
• Double-digit same-store sales growth across categories
• Leadership in opening price points across product categories with a diverse and growing portfolio of own brands
• Capital-efficient, Omni-channel platform

The Anchor Investor Bid/Offer Period opens and closes on Tuesday, 10th December, 2024. The Equity Shares are proposed to be listed on BSE and NSE. The Book Running Lead Managers (BRLMs) to the Offer are:
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, and Morgan Stanley India Company Private Limited.

• 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs)
• 15% of the Offer shall be available for allocation to Non-Institutional Bidders
• 35% of the Offer shall be available for allocation to Retail Individual Bidders