Vishal Mega Mart IPO subscription crosses 2x on day 3 so far, NIIs lead with 6x bids; check latest GMP

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 As of December 13, 2024, Vishal Mega Mart's initial public offering (IPO) has seen an encouraging response, with the subscription crossing 2x on the third day of bidding. The non-institutional investors (NIIs) are driving the strong demand, with their bids oversubscribed by 6x, indicating significant interest from high-net-worth individuals. The IPO, which is open until December 13, 2024, has a price band set between ₹74 and ₹78 per share. In the grey market, the shares are trading at a premium of ₹24, reflecting investor optimism​

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Investors will be keeping an eye on further developments, especially as the share allotment is expected to take place on December 16, 2024, and the listing is scheduled for December 18​

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