Vishal Mega Mart successfully launched its IPO, pricing shares at INR 78, raising capital to enhance growth in India's retail industry.

Information on the Target

Vishal Mega Mart is a premier retail chain in India, catering primarily to middle- and lower-middle-income consumers. With over 640 stores nationwide and a total retail space of 11.5 million square feet, Vishal seeks to fulfill the diverse needs of approximately 225 million households and over 945 million individuals across the country. The company offers a broad spectrum of merchandise, including apparel, general merchandise, and fast-moving consumer goods, achieved through its own brands and third-party partnerships. This approach emphasizes variety, affordability, quality, and convenience, effectively serving its target market.

Since its inception, Vishal has experienced significant growth, recently demonstrating an impressive 55% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) over the last two years, complemented by more than 60% revenue growth. These advancements are attributed to strategic initiatives such as store expansions, double-digit same-store sales growth, and enhancements in operational efficiencies.

Industry Overview in India

The Indian retail sector has shown robust growth and resilience, driven by a rapidly growing economy and an increasing middle class with rising disposable incomes. This growth has been spurred by significant urbanization trends, which have contrib