This entry is part 4 of 8 in the series IPO

IPO of V Mart will open for subscription on Feb 1. It has fixed the price band for it IPO of Rs. 195 to 215.

Avoid this IPO . Costing is very High. This sector is not good. Look at your city all Marts currently closing or reducing their malls  all company.

 V-mart IPO Allotment Details  Listing Date 20 Feb 2013

IPOV-Mart Retails Ltd
ISIN NoINE665J01013
Face Value10
Issue Price210
NSE Script CodeVMART
BSE Script CodeVMART
BSE Script ID534976
Issue RegistrarKarvy
Listing Date 20 Feb 2013

Business Overview

V Mart Retail setting up stores across various small indian towns and cities including, Sultanpur, Ujjain, Motihari. They primarily operate in Tier-II cities, with a chain of  ” value retail” department stores offering apparels, general merchandise and kirana , catering to the entire family. Base in New Delhi, their operation across Northern , western and eastern part of India.

They open their first store by the name of ” V-Mart” at Ahmedabad, Gujarat and currently own and operate 62 store spread 53 cities and 10 states. The average size of their store is appro. 8000 sq ft .

Object of Issue

The object of the issue are to finance the expansion plans, part sale of equity share of selling shareholders and achieve the benefit of listing on the Stock Exchange. They believe that listing will enhance their corporate image and brand name.

Object of Fresh Issue

  • To open 60 new stores 
  • Expansion of new Distribution ceteres
  • Working capital requirement
  • General corporate purpose
  • To meet the issue expense

 Issue Highlights

Issue OpenFriday 1 Feb, 2013
Issue CloseTuesday 5 Feb, 2013
Issue Size 96.66 Cr. Upper Band 87.67 Cr. Lower Band
Price BandRs. 195 - Rs. 215
Bid Lot66 Equity Shares
Cheque in Favour of (Retail Investor)Escrow account - V Mart - IPO -R
Registrar of IssueKarvy Computershare Pvt. Ltd
IPO GradeGrade 3 by CARE (Indicate average Fundamental)

Payment Schedule for Retail Investor

No. of SharesPrice per ShareCheque Amount (Rs)
No. of SharesPrice per ShareCheque Amount (Rs)
6621514190
13221528380
19821542570
26421556760
33021570950
39621585140
46221599330
5282151,13,520
5942151,27,710
6602151,41,900
7262151,56,090
7922151,70,280
8582151,84,470
9242151,98,660

V Mart IPO Subscription Data

Day wise subscription details

CategoryNo Share OfferNo of Share Bid forNo of time subscribe
5 FEB 2013
I - QIB15,73,60023,84,3161.52
II - Non Insti. Investor6,74,4009,39,4441.39
III - Retail Investor 15,73,60012,40,8000.79
Total38,21,60045,64,5601.19
4 FEB 2013
I - QIB15,73,60000000000
II - Non Insti. Investor6,74,40054,0540.08
III - Retail Investor 15,73,6002,05,0620.13
Total38,21,6002,59,1160.07
1 FEB 2013
I - QIB15,73,60000
II - Non Insti. Investor6,74,40051,2820.08
III - Retail Investor 15,73,60033,1320.02
Total38,21,60084,4140.02