{"id":1279939,"date":"2024-03-13T10:01:32","date_gmt":"2024-03-13T04:31:32","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1279939"},"modified":"2024-03-13T10:01:54","modified_gmt":"2024-03-13T04:31:54","slug":"swiss-vc-backed-vishal-megamart-plans-rs-8400-crore-ipo-at-rs-45000-crore-valuation","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/swiss-vc-backed-vishal-megamart-plans-rs-8400-crore-ipo-at-rs-45000-crore-valuation\/","title":{"rendered":"Swiss VC Backed Vishal Megamart Plans Rs 8400 Crore IPO At Rs 45,000 Crore Valuation!"},"content":{"rendered":"\n<p>Vishal Mega Mart, a prominent budget supermarket chain, is gearing up for a significant milestone with plans to launch a $1 billion initial public offering (IPO) later this year, as reported by Reuters. The <a href=\"https:\/\/www.reuters.com\/markets\/deals\/indias-vishal-mega-mart-planning-1-billion-ipo-sources-say-2024-03-12\/\">IPO<\/a> is expected to value the company at up to $5 billion upon successful completion, marking a substantial leap from its acquisition value of $350 million in 2018.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/ify-1-1.png\" alt=\"Swiss VC Backed Vishal Megamart Plans Rs 8400 Crore IPO At Rs 45,000 Crore Valuation!\" class=\"wp-image-1279940\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/ify-1-1.png 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/ify-1-1-300x140.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/ify-1-1-768x357.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p><strong>Steady Growth and Expansion Strategy<\/strong><\/p>\n\n\n\n<p>Switzerland&#8217;s Partners Group and Kedaara Capital, holding a majority stake in Vishal Mega Mart, will offer shares in the IPO, sources revealed. The proceeds from the issue will primarily fund the expansion of the company&#8217;s store network. Vishal Mega Mart, renowned for offering affordable apparel, home appliances, luggage, and groceries, has experienced remarkable growth, with revenues soaring by 36% to \u20b975.9 billion in the fiscal year ending March 2023.<\/p>\n\n\n\n<p>The supermarket chain boasts a robust presence in value retail, with a total of 560 stores strategically located outside metros and tier 1 cities. With apparel contributing significantly to its revenue, Vishal Mega Mart has been leveraging private labels to enhance margins across product categories, a strategy that has paid off handsomely, as indicated by a 60% surge in net profit to \u20b93.2 billion.<\/p>\n\n\n\n<p><strong>Market Outlook and Economic Landscape<\/strong><\/p>\n\n\n\n<p>The move to go public aligns with India&#8217;s buoyant stock market conditions, propelled by robust macroeconomic indicators and a surge in foreign fund inflows. Analysts anticipate heightened IPO activity, buoyed by expectations of continued economic growth and a stable political environment. The country&#8217;s retail market is poised for exponential growth, projected to reach $2 trillion by 2033, underscoring the immense potential for traditional brick-and-mortar businesses like Vishal Mega Mart despite the rise of e-commerce platforms.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vishal Mega Mart, a prominent budget supermarket chain, is gearing up for a significant milestone with plans to launch a $1 billion initial public offering (IPO) later this year, as reported by Reuters. The IPO is expected to value the company at up to $5 billion upon successful completion, marking a substantial leap from its [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1279940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1081,4890,4889],"class_list":["post-1279939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ipo","tag-vishal","tag-vishal-megamart"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Swiss VC Backed Vishal Megamart Plans Rs 8400 Crore IPO At Rs 45,000 Crore Valuation! - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/swiss-vc-backed-vishal-megamart-plans-rs-8400-crore-ipo-at-rs-45000-crore-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swiss VC Backed Vishal Megamart Plans Rs 8400 Crore IPO At Rs 45,000 Crore Valuation! - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Vishal Mega Mart, a prominent budget supermarket chain, is gearing up for a significant milestone with plans to launch a $1 billion initial public offering (IPO) later this year, as reported by Reuters. The IPO is expected to value the company at up to $5 billion upon successful completion, marking a substantial leap from its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/swiss-vc-backed-vishal-megamart-plans-rs-8400-crore-ipo-at-rs-45000-crore-valuation\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-13T04:31:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-13T04:31:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/ify-1-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/swiss-vc-backed-vishal-megamart-plans-rs-8400-crore-ipo-at-rs-45000-crore-valuation\/\",\"url\":\"https:\/\/trak.in\/stories\/swiss-vc-backed-vishal-megamart-plans-rs-8400-crore-ipo-at-rs-45000-crore-valuation\/\",\"name\":\"Swiss VC Backed Vishal Megamart Plans Rs 8400 Crore IPO At Rs 45,000 Crore Valuation! 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