Vishal Mega Mart Ltd

(VMM)

Vishal Mega Mart Limited was originally incorporated as Rishanth Wholesale Trading Private Limited at Gurugram as a Private Limited Company dated March 26 2018 issued by the RoC. Subsequently the name Rishanth Wholesale Trading Private Limited was changed to Vishal Mega Mart Private Limited and a fresh Certificate of Incorporation was issued by the RoC on May 28 2020. The Company got converted to a Public Limited Company and the name changed to Vishal Mega Mart Limited vide Incorporation Certificate on May 10 2024 issued by the RoC.The Company is a one stop destination which target for middle and lowermiddle income India. It offer products across three major product categories i.e. retail trading of apparels general merchandise and fast moving consumer goods holding a network of 626 stores. The store selection process expedites new store rollouts in a sustainable manner countrywide and considers factors such as population market density proximity to consumers and accessibility by road with parking facilities among others. These stores have good visibility with optimal upfront investment thereby executing store deployments with low capital expenditure and short breakeven periods. The apparel category of products includes tshirts shirts denim athletic and leisure wear night wear innerwear western wear formal wear and ethnic wear for men women children and infants. They prioritize fashionability speedtomarket functionality and feel by identifying latest global and Indian fashion trends and making products of the own brands available at affordable prices. General merchandize category comprises of home appliances crockery and utensils home products and furnishings toys stationery travel products and footwear among others. The fastmoving consumer goods category comprises of food products such as biscuitssavoury snacks namkeen noodles tea coffee staples such as mustard oil soya oil clarified butter desi ghee and spices and nonfood products such as baby diapers hair oil sanitary pads and handwash among others.Following the Order of National Company Law Tribunal Chandigarh bench a Scheme of Amalgamation between Vishal Mega Mart Private Limited the Company and Rishanth Wholesale Trading Private Limited was filed by the Company in December 2018. In terms of the said Scheme of Amalgamation the entire business of Vishal Mega Mart Private Limited was transferred to Rishanth Wholesale Trading Private Limited and the Scheme was given effect on March 16 2020. The Company is planning an Initial Public Offer by raising funds from public aggregating to Rs. 8000 Crore Equity Shares through Offer for Sale..

Share Price: ₹101.19 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹50,466.10Cr as of today
Listing date: 18 Dec, 2024
Chairperson Name: NEHA BANSAL