Vishal Mega Mart Stock Movement: Insights into Rs 1175 Cr Bulk Transactions and Key Participants

Vishal Mega Mart Ltd made headlines with an extraordinary start on its first trading day. The stock surged by an impressive 43.50%, opening at Rs 78 per share. However, the buoyant opening was followed by a modest decline of 5.43% on Thursday, reflecting some natural market adjustments.

On December 18, 2024, Vishal Mega Mart’s shares became the center of large-scale trading activity. Major institutional players participated in bulk deals, contributing to a lively trading atmosphere. According to National Stock Exchange (NSE) data, the cumulative value of these bulk transactions amounted to Rs 1,175.27 crore, a testament to the stock’s high market interest.

Stock Performance Metrics: Day-One Surge and Beyond

Listed at Rs 110 on the Bombay Stock Exchange (BSE), the stock showed a 41% increase from its issue price. Intraday trading saw the share price peak at Rs 115.60, a 48.20% rise. By the end of the day, it closed at Rs 111.95, marking a 43.52% gain.

Similarly, on the National Stock Exchange (NSE), the stock opened at Rs 104, representing a 33.33% rise from its issue price. By the close, it was trading at Rs 111.93, reflecting a consistent 43.5% gain across both exchanges. Vishal Mega Mart’s market capitalization soared to Rs 48,108 crore, further solidifying its robust market presence.

A Stellar IPO: Subscription Success Story

The company’s Rs 8,000-crore initial public offering (IPO) garnered remarkable investor attention, being oversubscribed 27.28 times on its final bidding day. With a price band of Rs 74-78 per share, the IPO’s overwhelming demand underscored the market’s confidence in Vishal Mega Mart’s growth potential.

Unlike many IPOs, this offering was exclusively an offer-for-sale (OFS) by promoter Kedaara Capital-led Samayat Services LLP. This structure ensured no new equity shares were issued, maintaining the existing shareholding pattern while providing liquidity to the promoters.

Key Buyers in the Bulk Transactions

Prominent institutional investors played a significant role in the bulk trading activity, with key purchases including:

• GRT Strategic Ventures LLP acquired 2,31,23,057 shares at Rs 108.84 per share, amounting to a total of Rs 251.69 crore.
• Nomura India Investment Fund Mother Fund made the largest purchase, buying 3,00,00,000 shares at Rs 108.32 per share, totaling Rs 324.96 crore.
• iRage Broking Services LLP added 30,08,693 shares to its portfolio at Rs 109.17 per share, worth Rs 32.87 crore.