According to stock market observers, the company’s shares are available at a premium of ₹26 in the grey market today

Vishal Mega Mart Ltd.’s $944 million initial public offering was fully sold on the second day of the sale, driven by strong demand from high-networth and retail investors.

(Reuters) -Indian budget retailer Vishal Mega Mart's 80-billion-rupee ($943 million) initial public offering (IPO) was fully subscribed on day two of bids, led by demand from non-institutional investors.

Vishal Mega Mart's Rs 8,000 crore IPO saw a 51% subscription on its first day, driven by non-institutional investors. Priced at Rs 74-78 per share, the offer comprises 102 crore shares and closes on December 13.

Vishal Mega Mart IPO Listing Date, Price Band, Subscription & Allotment Status, GMP Live Updates: Track Vishal Mega Mart's IPO; opening Dec 11 aiming for Rs 8,000 crore, closing Dec 13; listing potential on BSE,

Vishal Mega Mart IPO has finally opened on. Ahead of the IPO, the company garnered up to Rs 2,400 from anchor investors on December 10. The latest GMP signals at double-digit premium listing on BSE and NSE for Vishal Mega Mart.

Vishal Mega Mart launched its Rs 8,000 crore IPO, open for bidding until December 13. The offer comprises a 102 crore share OFS, benefiting the promoter. Priced at Rs 74-78 per share, the IPO enjoys a GMP of Rs 24-25.

Vishal Mega Mart IPO price band is set at ₹74 to ₹78 per share. The issue is entirely an offer-for-sale (OFS) of 102.56 crore equity shares. At the upper-end of the price band, Vishal Mega Mart IPO size is ₹8,

The IPO was subscribed 1.13 times, as of 2:57 p.m. on Thursday. The grey market premium of Vishal Mega Mart IPO was Rs 18 as of 1:30 p.m. on Thursday, according to InvestorGain. This implies shares of the company will likely list at Rs 96 apiece, indicating a 24% premium to the upper end of the price band.