CosmicTaco

Vishal Mega Mart Weighs Confidential IPO Filing

CosmicTaco · 2024-07-10T16:42:15.807651+05:30

- Vishal Mega Mart, backed by Kedaara Capital and Partners Group, is considering a confidential pre-filing with Sebi for its IPO. - If successful, it will be the fourth firm to use this route after Tata Play, Oyo, and Swiggy. - The IPO could raise between $750 million to $1 billion, with draft papers expected to be submitted within 7-10 days. - The pre-filing route allows firms to keep sensitive business details confidential until a final decision on listing is made. - Vishal Mega Mart operates 589 franchised stores across 350 cities, targeting lower middle-class customers in the organized value retail market.

Vishal Mega Mart, backed by Kedaara Capital and Partners Group, is considering a confidential pre-filing with Sebi for its IPO.
If successful, it will be the fourth firm to use this route after Tata Play, Oyo, and Swiggy.
The IPO could raise between $750 million to $1 billion, with draft papers expected to be submitted within 7-10 days.
The pre-filing route allows firms to keep sensitive business details confidential until a final decision on listing is made.
Vishal Mega Mart operates 589 franchised stores across 350 cities, targeting lower middle-class customers in the organized value retail market.