Vishal Mega Mart's Debut on Indian Stock Exchanges

Vishal Mega Mart, backed by Partners Group, has successfully launched its IPO, pricing 1,026 million shares at INR 78 each. This move establishes a fully diluted equity value of INR 370 billion. The company’s shares are now listed on the National Stock Exchange (NSE: VMM) and Bombay Stock Exchange (BSE: 544307).

As a prominent retail player in India, Vishal Mega Mart caters to middle- and lower-middle income consumers through a network of over 640 stores. The IPO has allowed Partners Group to divest approximately 23% of its stake in the company. Since 2018, Vishal has demonstrated significant growth, with a 55% increase in EBITDA and more than 60% revenue growth over the last two years.

The company's strategy focuses on leveraging India's rising economic growth, urbanization, and expanding populations in Tier-2 cities. With a strong management team, diverse product portfolio, and effective operational efficiencies, Vishal is poised for further expansion.