Vishal Mega Mart IPO listed @ Rs. 104

December 18, 2024 admin Leave a reply Post Comment

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A Note on the business of Vishal Mega Mart?

Vishal Mega Mart is a one stop destination for middle and lower-middle income India. It curates a diverse range of merchandize through its portfolio of own brands and third party brands to fulfil the aspirational and daily needs of consumers. It offers products across three major product categories, i.e., apparel, general merchandise and fast-moving consumer goods, through a pan-India network of 626 Vishal Mega Mart stores (as of June 30, 2024) and its Vishal Mega Mart mobile application and website.
It was ranked among the three leading offline-first diversified retailers in India, based on retail space as of March 31, 2024. It is also the fastest-growing leading offline-first diversified retailers in India, based on profit after tax growth between Financial Years 2021 and 2024, and among the two leading offline-first diversified retailers in India in terms of same-store sales growth for Financial Year 2024.
It targets middle and lower middle-income India. The number of middle income households in India has increased from approximately 201 million in calendar year 2018 to approximately 225 million households (approximately 945 million individuals) in calendar year 2023, driven by rapid economic development, growing formalization of employment, and a structural shift from an agrarian-based economy towards manufacturing and services. The aspirational retail market in India, driven by the consumer desire for products that offer both high-quality and affordability, will remain a significant contributor to India’s retail market.
The total addressable market for aspirational retail in India is Rs68-72 trillion (US$ 820-870 billion) for calendar year 2023 and is expected to be Rs.104-112 trillion (US$ 1,250 1,350 billion) by calendar year 2028, growing at a CAGR of 9%. Within the aspirational retail market, there has been a consistent shift towards organized retail primarily due to increasing baselines for quality, availability of wider assortment, better pricing, denser urban areas, and large whitespace for organized retailers in aspirational retail.

Its own brands are significant and growing contributors to its sales and constituted 74.09%, 71.81%, 70.50% and 70.20% of its revenue from operations for the three months period ended June 30, 2024 and the Financial Years 2024, 2023 and 2022, aggregating to Rs.19,236.22 million, Rs.63,993.42 million, Rs.53,479.79 million and Rs.39,228.81 million during three months period ended June 30, 2024 and the Financial Years 2024, 2023 and 2022, respectively.

Convenience. It has established a pan-India network of 626 stores across 403 cities in 28 states and two union territories, as of June 30, 2024. Its stores are located across India in Tier 1 cities, Tier 2 cities and beyond. As of June 30, 2024, its Material Subsidiary, Airplaza Retail Holdings Private Limited, operates 624 stores, on a leasehold basis, and its franchisees operate two stores, also on a leasehold basis.

For more information, click: www.aboutvishal.com

Vishal Mega Mart IPO GMP grey market premium, review, Subscription, allotment, listing estimate

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Vishal Mega Mart IPO GMP grey market premium, review, Subscription, allotment, listing estimate