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V-Mart Retail Ltd IPO (V Mart Retail IPO) Detail

Feb 1, 2013 - Feb 5, 2013

Incorporated in 2002, V-mart is a medium-sized hypermarket format retail chain based in New Delhi. They are multi-brand family store offers apparels, general merchandise and kirana bazar.

VMRL has established stores in Metro, Tier-I, Tier-II and Tier-III cities which are primarily located as standalone stores in high-street areas and shopping hubs of such cities. The average size of store is approximately 8,000 Sq. Ft. The company follows the concept of "value retailing" to target the strata of the population belonging to the expanding “aspiring class‟ and “middle class‟ and is based on customer’s socio-economic conditions, purchasing power, demographic details and customer trends. Its offerings in untapped markets provide customers with a different shopping experience, comprising of a vast range of value retail products under a modern ambience and feel of a large retail mall.

V-mart have more than 62 stores across 53 cities including metro cities with a total area of more than 4 lac sq.ft. Company's stores are located in prime cities such as New Delhi, Gujarat, Uttar Pradesh, Bihar, Punjab, Chandigarh, Haryana, Jammu and Kashmir, Rajasthan and Madhya Pradesh. They are setting up stores across various small Indian towns and cities including Sultanpur, Ujjain, Motihari. Their aim is to provide fancy garments at lower price points in an organised modern retail format to middle and lower middle classes.

Company Financials:

ParticularsFor the year/period ended (in Rs. Million)
31-Mar-1231-Mar-1131-Mar-1031-Mar-0931-Mar-08
Total Income2,819.542,147.981,441.561,423.57980.71
Profit After Tax (PAT)106.1262.6523.2610.4635.24

Objects of the Issue:

The objects of the Issue are to:

1. Finance their expansion plans;
2. Part sale of equity shares of the Selling Shareholder; and
3. Achieve the benefits of listing on the Stock Exchanges.

V Mart Retail IPO Details

V Mart Retail IPO Date Feb 1, 2013 to Feb 5, 2013
V Mart Retail IPO Face Value ₹10 per share
V Mart Retail IPO Price ₹195 to ₹215 per share
V Mart Retail IPO Lot Size 66 Shares
Issue Size4,496,000 shares of ₹10
(aggregating up to ₹94.42 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The Promoters of the Company are:

1. Madan Agarwal;
2. Lalit Agarwal; and
3. Hemant Agarwal

V Mart Retail IPO Lot Size

The V Mart Retail IPO lot size is 66 shares. A retail-individual investor can apply for up to 14 lots (924 shares or ₹198,660).

Application Lots Shares Amount
Minimum 1 66 ₹14,190
Maximum 14 924 ₹198,660

CARE has assigned an IPO Grade 3 to V-Mart Retail Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read V-Mart Retail IPO Report

V Mart Retail IPO Review

On company's performance front, for last three years it has posted an average EPS (Earning per share) of Rs. 5.84 and for first eight months of current fiscal it has earned Rs. 8.61 per share on equity post pre-IPO placement. Its NAV stands at Rs. 61.83 as on 06.01.13. After this issue, its equity will increase to Rs. 17.96 crore and if we attribute these earnings then EPS stands at Rs. 7.28 that brings asking price at a P/E (Price Earnings) of 26.8 to 29.5 based on lower and upper price band and around 3.2 P/BV (Price to book value). Its peers are trading around 56 to 230 P/E thus the issue is priced reasonably. Investment is recommended in this IPO, considering retail play post FDI in multi brand in place.

Read detail review...

New V Mart Retail IPO Recommendation by Members

V Mart Retail IPO Recommendations Details | Post Recommendation | Manage Recommendations

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V Mart Retail IPO Subscription Status (Bidding Detail)

The V Mart Retail IPO is subscribed 1.20 times on Feb 5, 2013 5:00:00 PM. The public issue subscribed 0.79 times in the retail category, 1.52 times in the QIB category, and 1.39 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.52
NII1.39
Retail0.79
Total1.20

V Mart Retail IPO Prospectus

V Mart Retail IPO Rating

116
3.1
Rating:Rated 3.1 stars
Vote Here ...

V Mart Retail IPO Listing Date

Listing Date Wednesday, February 20, 2013
BSE Script Code 534976
NSE Symbol VMART
Listing In T Group of Securities
ISIN INE665J01013
IPO Price ₹210 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹210.00
₹216.00
₹205.25
₹216.00
₹205.25
NSE
₹210.00
₹214.00
₹203.30
₹215.00
₹203.30

Company Contact Information

V-Mart Retail Ltd
F-11, Udyog Nagar Industrial Area,
Peeragarhi, Rohtak Road,
New Delhi – 110 041, India
Phone: +91 11 4525 4444
Email: compliance@vmart.co.in
Website: http://www.vmart.co.in

V Mart Retail IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: v-mart.ipo@karvy.com
Website: https://karisma.kfintech.com/

V Mart Retail IPO FAQs

V Mart Retail IPO is a main-board IPO of 4,496,000 equity shares of the face value of ₹10 aggregating up to ₹94.42 Crores. The issue is priced at ₹195 to ₹215 per share. The minimum order quantity is 66 Shares.

The IPO opens on Feb 1, 2013, and closes on Feb 5, 2013.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The V Mart Retail IPO opens on Feb 1, 2013 and closes on Feb 5, 2013.

V Mart Retail IPO lot size is 66 Shares and the minimum order quantity is .

You can apply in V Mart Retail IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for V Mart Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the V Mart Retail IPO allotment status.

The V Mart Retail IPO listing date is on Wednesday, February 20, 2013.
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V Mart Retail IPO Message Board

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40 Comments

36. gundu anna |   Link |Feb 20, 2013 5:45:25 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Many people made fun of gundu anna''s recommendations.... those peoples are in hiding now.....

Those who followed my advice, saved themselves....

Remember, to make money, one dont have to apply for every IPO''s in the que...

hehehehe...
35. gundu anna |   Link |Feb 20, 2013 9:21:13 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Run very fast and sell VMart... It can go to much lower levels.....
34. Dilip Davda |   Link |Feb 19, 2013 9:57:42 AM
Listing is scheduled on 20.02.2013 on BSE and NSE

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

33. lakho baroda |   Link |Feb 15, 2013 6:00:37 PM
pl. eneybody tell listing date ?
32. Divyrajeshm |   Link |Feb 11, 2013 11:19:30 AM
- The Promoters / Promoter group of the Company are providing Safety Net Scheme to Original Resident Retail Individual Allottees. Under this Scheme, if the market value of the equity shares falls below the Issue Price at any time during the Scheme Period, i.e. six months from the date of credit of the Equity Shares in the Demat account of the such allottees, the providers will buy only original allotted equity shares of the Company at the issue price upto a maximum of 1,000 equity shares per such allottees.
31. DURAI GOUNDER |   Link |Feb 10, 2013 2:45:14 PM
I APPLIED FOR V MART AND I AM NOT GOING TO SELL IT
30. gundu anna |   Link |Feb 10, 2013 8:08:19 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Those who have applied in Vmart IPO must run on the day of listing to put the sell order.... This stock is not worth investment... However, some punting can be done, if one wants to take some risk....
Let "us" be careful with our money....
29. Rkg |   Link |Feb 6, 2013 12:57:15 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Yes. It will in order to keep tab of performance of schemes of such MF houses.
28. m.l.a. |   Link |Feb 6, 2013 8:05:14 AM
dear ipofinder , kindly update latest premium on vmart.any buyer seller at any rate
27. Fireball |   Link |Feb 5, 2013 9:50:15 PM
We have Dilip Davde as a person recommending to invest in this IPO - He suggested subscribe for this stock. Lot of members must have invested in this stock based on his recommendation. They should ask him the logic of investment.
26. IPO GANNA |   Link |Feb 5, 2013 9:48:32 PM
25. BABUKALIA. (I THINK BABUKALIA ALWAYS RIGHT).....
25. BABUKALIA. |   Link |Feb 5, 2013 9:42:50 PM
19. gundu anna

HI GUNDU ANNA SALE SAB KO AVOID KARNE KO BOLTA HAI AUR KHUD V-MART (IPO) KA APPLICATION BHARTA HAI.......... SAB KO "advice" DENA BAND KAR....
24. gundu anna |   Link |Feb 5, 2013 7:14:39 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Some mutual funds applied to this IPO to bail out this IPO. Fund managers meight have been bribed into putting investor money!!!??? After allotment check which mutual funds applied...and than sell your holdings from such mutual funds.... that is a good idea to keep our money safe...
23. Chem cho |   Link |Feb 5, 2013 4:57:13 PM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
WELL DONE INVESTORS THOSE WHO ASKED TO APPLY THIS ISSUE ARE NOT ADVISORS
22. SANJEEV SOOD |   Link |Feb 5, 2013 1:30:32 PM
Well done investors , this will be a great message to greedy promoters and conniving bankers.
21. Rajnikant |   Link |Feb 5, 2013 12:57:00 PM
ISSUE WILL BE WITHDRAWN AND ITS ANNOUNCEMENT WILL BE DONE BY EVENING FROM RELIABLE SOURCE INFORMATION SO DONT APPLY
20. STAR IPO KING |   Link |Feb 5, 2013 12:48:03 PM
just 0.18 times by 1 pm. Date of issue may be extented with reduced price tag,like 120-145
19. gundu anna |   Link |Feb 5, 2013 10:43:22 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
I would advice "all" retail investor to stay away from VMART IPO... those who wants to take minimum risk, can buy CARE now at 825( we have not recieved shares in IPO)... and the risk is very minimum there..... So AVOID Vmart......
18. SANJEEV SOOD |   Link |Feb 4, 2013 8:35:31 PM
Read article in moneycontrol IPO sectio " Will V-Mart Retail be different from V2 (Vishal) Retail? - eye opener

Remember : Dood ke jale chaach bhi foonk foonk ke peete hain.
17. Fireball |   Link |Feb 4, 2013 5:34:00 PM
Lets See Dilip Davde''s track record. Out of 8 recommendation he has given prior to Esteem Bio Organic IPO, 5 were wrong.
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