Vishal Mega Mart shares are in focus as the lock-in period for the company's initial public offering (IPO) expires, freeing up shares worth approximately Rs 10,813 crore for trading, according to a report by The Economic Times Retail.
IPO and Stock Price Performance
Vishal Mega Mart made a strong market debut in December 2024, listing with a 41% premium over the IPO price at Rs 110 on the BSE. The offer was entirely an Offer for Sale (OFS). The public issue received healthy demand, especially from the Qualified Institutional Buyers (QIB) category, which bid more than 85 times its allotted portion, the report noted.
Since listing, the stock has experienced significant volatility. It fell over 10% to a record low of Rs 98.7 in February 2025. Subsequently, it soared 60% to a 52-week high of Rs 157.75 in August 2025. From that peak, the stock has fallen nearly 26% to close at Rs 117.15 on the BSE on Tuesday.
| Key Price Milestone | Price (Rs) | Date/Period |
|---|---|---|
| IPO price | ~78 (imputed) | Dec 2024 |
| Listing price | 110 | Dec 2024 |
| 52-week low | 98.7 | Feb 2025 |
| 52-week high | 157.75 | Aug 2025 |
| Recent close | 117.15 | Tuesday (June 2026) |
Note: IPO price is not explicitly stated; listing at 41% premium implies IPO price around Rs 78.
Lock-In Expiry Implications
The lock-in expiry does not imply that all these shares will be immediately offloaded in the market. It simply means they can now be traded by shareholders. At the previous closing price of Rs 117.15 apiece on BSE, the shares eligible for trading are worth nearly Rs 10,812.95 crore (approximately Rs 10,813 crore), as per the report.
Q4 Results and Management Outlook
Gunender Kapur, Managing Director and Chief Executive Officer of Vishal Mega Mart, commented on the company's Q4 results and future outlook. According to the report, Kapur said:
"We look ahead at FY27 with excitement. We wish to be a strong contributor to India’s growing consumption story. India’s emerging retail landscape offers exciting and evolving opportunities across offline and digital commerce. With our extensive network and strong fundamentals, we are well-positioned to participate in these."
The report did not provide specific financial figures for Q4 results. The management's focus remains on leveraging India's retail growth, as the company navigates market fluctuations post-lock-in expiry.
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