The shares of Vishal Mega Mart rose by 41 percent compared to the selling price of Rs 78 in the first trade on Wednesday.
The stock was listed at Rs 110, up 41 per cent from its opening price on the BSE. Later it increased by 42.24 percent to Rs 110.95.
On the NSE, it was listed at Rs 104, a jump of 33.33 percent from the opening price.
The market value of Vishal Mega Mart was Rs 48,644.57 crore.
Vishal Mega Mart’s Rs 8,000 crore initial public offer was subscribed 27.28 times on the last day of bidding on Friday.
The initial public offer (IPO) price range was Rs 74-78.
The Gurugram-based supermarket major’s IPO was entirely an offer for sale (OFS) of shares by Samayat Seva LLP, led by promoter Kedara Capital, with no fresh issue of equity shares.
Vishal Mega Mart’s product range includes in-house and third-party brands, covering three main categories – apparel, general merchandise and fast-moving consumer goods.
As of June 30, 2024, it operates 626 huge Mega Mart stores across India, including a mobile app and website.
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