Thursday, June 26, 2025
HomeStocksVishal Mega Mart shares trade flat after giving 42% listing gains

Vishal Mega Mart shares trade flat after giving 42% listing gains

-

[ad_1]

After listing at a premium of 41%, Vishal Mega Mart shares were trading flat on the BSE, meanwhile, they rose 5% on the NSE at Rs 109 on both exchanges around 11:30 AM today.

The stock opened with a 33.3% premium at Rs 104 on the NSE and a premium of 41% on the BSE at Rs 110.

Despite the offer being entirely an OFS, Vishal Mega Mart received healthy demand from all sets of investors, especially from the QIB category who bid more than 85 times, while retail investors had shown less interest due to OFS concerns.

Additionally, Since the IPO was an OFS, the company will not receive any proceeds from the issue.

Post listing, here is what analysts say about the stock:

“Vishal Mega Mart’s IPO saw a strong debut on the stock market with a 3.33% listing gain, opening at Rs 104 compared to its issue price of Rs 78. This positive momentum can be attributed to its strong subscription of 28.75 times, reflecting high investor demand. The company’s position as a leading offline retailer, consistent financial performance, and reasonable valuation resonated well with investors,” said Shivani Nyati, Head of Wealth at Swastika Investmart.

However, given that this was a complete offer for sale (OFS), it should be noted that there are no direct benefits to the company, making it a play purely on market sentiment and its growth story in the retail sector.

“Investors are advised to book profits at this level, while those looking to hold should maintain a stop loss at around Rs 95,” Nyati added.

Further, analysts at Bajaj Broking highlight that over the past three fiscal years, the company has posted an average EPS of Rs. 0.82 (basic) and an average RoNW of 6.85%. The issue is priced at a P/BV of 5.94 based on its NAV of Rs 13.14 as of September 30, 2024, and post-IPO NAV.

“We recommend to subscribe the IPO with a long-term perspective,” said the report by Bajaj Broking.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

[ad_2]

Source link

LATEST POSTS

Turn Health into Wealth with LifeWave X39

In today’s world, people are searching for two things more than ever:✅ Better health✅ Financial freedom With LifeWave X39, you don’t have to choose — you...

Soft Play Bus Essex with Squeeze Rollers & Dizzy Discs – A Fun-Filled Mobile Adventure

In today’s world of children’s entertainment, finding activities that combine physical play with safety and creativity can be a challenge. The Soft Play Bus Essex offers a...

The Mobile Spa Trend: Pamper Bus Fun for Little Fashionistas

A New Way to Celebrate in StyleThe world of children’s parties has transformed over the years, with themed events becoming more elaborate, creative, and personalized....

Chic and Cheap: Grace Bay Turks and Caicos Luxury Stays Under $300/Night

Experience Luxury Without Overspending Grace Bay Turks and Caicos is a dream destination known for its pristine beaches, turquoise waters, and upscale ambiance. While many assume...

Most Popular

spot_img