Initial Public Offering (IPO) of V-Mart Retail Limited : Opening on 1st Feb 2013

by khalid on 28/01/2013 · 0 comments

Initial Public Offering (IPO) of V-Mart Retail Limited

V-Mart Retail Limited is entering the capital market with its Initial Public Offering (IPO) of 5,746,000 equity shares of Rs 10 each. The IPO will open on 1st Feb 2013 and will be available for subscription upto 5th Feb 2013. Initial Public Offering (IPO) will be based on a 100% book building process. Issue price has been fixed at Rs 195 at lover level and Rs 215 at upper level. V-Mart Retail Limited is a medium-sized hypermarket format retail chain based in New Delhi. They have more than 62 stores across 53 cities including metro cities.

Initial Public Offering objective to coming in IPO market is to finance their expansion plans.

V-Mart Retail Limited Initial Public Offering (IPO) Summary :-

IPO Opens : 1st Feb 2013
IPO Closes : 5th Feb 2013
IPO Type : 100% book building Issue
IPO Size : 5,746,000 equity Shares of Rs 10 each
IPO Size : Rs 112.05 – 123.54 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 195 – Rs 215 per Equity Share
Minimum Bid Quantity : 66 Shares

The equity shares offered through the Initial Public Offering (IPO) are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Rating agency CARE has assigned an IPO Grade 3 to V-Mart Retail Limited IPO in a scale of 5 to 1. This means that IPO has an “Average” grade.

The Book running lead manager (BRLM) to the issue is Anand Rathi Advisors Limited.

Registrar of the Issue : Karvy Computershare Private Limited, Hyderabad.

Stay tuned to BelltheBull for more news on V-Mart Retail Limited IPO !

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