Vishal Mega Mart set to debut in Mumbai after $944 million IPO

Vishal Mega Mart Ltd. launched its IPO, raising $944 million and valuing the company at $4 billion. The offering was oversubscribed 27 times, driven by strong investor demand. The company, which operates over 600 stores across India, focuses on value pricing and caters to middle- and lower-income consumers, primarily in smaller cities and towns.

Vishal Mega Mart set to debut in Mumbai after $944 million IPO

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Vishal Mega Mart Ltd. launched its IPO, raising $944 million and valuing the company at $4 billion. The offering was oversubscribed 27 times, driven by strong investor demand. The company, which operates over 600 stores across India, focuses on value pricing and caters to middle- and lower-income consumers, primarily in smaller cities and towns.