Vishal Mega Mart Ltd Share Price

History of Vishal Mega Mart Ltd

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 lower-middle 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 645 stores. The apparel category of products includes t-shirts, 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, speed-to-market, 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 fast-moving consumer goods category comprises of food products such as biscuits, savoury snacks (namkeen), noodles, tea, coffee, staples such as mustard oil, soya oil, clarified butter (desi ghee) and spices, and non-food 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 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 increased the count of retail outlets in 2020 to 350 stores and further to 557 stores in 2023. It established the 600th store, by expanding network to nearly 400 cities in 2024. The Company launched the initial public offer by issuing 1,025,641,025 equity shares having the face value of Rs 10 each raising funds aggregating to Rs 8000 Cr through Offer for Sale in December 2024.