Vishal Mega Mart weighing confidential filing of IPO papers: Report

Vishal Mega Mart would be the fourth IPO bound firm to choose the confidential mechanism after Tata Play, Oyo and Swiggy.

Updated on: Jul 10, 2024, 13:28:20 IST

By HT News Desk

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Vishal Mega Mart is reportedly planning to opt for confidential pre- filing route with Sebi for its initial public offering (IPO). Moneycontrol reported citing people in the know that if the ongoing deliberations are successful, Vishal Mega Mart would be the fourth IPO bound firm to choose the confidential mechanism after Tata Play, Oyo and Swiggy.

Vishal Mega Mart's draft papers are likely to be submitted to the regulator within the next 7-10 days.

Read more: Stock market crash: Investors lose ₹7 lakh crore as Sensex tanks 1,000 points

Vishal Mega Mart was acquired in May 2018 by Kedaara Capital and Partners Group from TPG. The chain's listed peers included Avenue Supermarts (DMart) and Shoppers Stop. Investment banks working on the Vishal Mega Mart IPO are Kotak Mahindra Capital, ICICI Securities, Jefferies, JP Morgan and Morgan Stanley.

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HT News Desk
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Vishal Mega Mart weighing confidential filing of IPO papers: Report

Vishal Mega Mart would be the fourth IPO bound firm to choose the confidential mechanism after Tata Play, Oyo and Swiggy.

Read more: Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%

Read more: Stock market crash: Investors lose ₹7 lakh crore as Sensex tanks 1,000 points