Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
29 April, 2015 02:26 IST
V-Mart IPO to open on Feb 1; price band at Rs 195-215
Source: IRIS | 30 Jan, 2013, 06.09PM
Comments  |  Post Comment

V-Mart Retail is proposing a public issue of 4.49 million equity shares of face value of Rs 10 each equity shares for cash at a price band of Rs 195 to Rs 215 a share. The issue comprises of a fresh issue of 2.76 equity shares by the company and an offer for sale of 1.73 equity shares by Naman Finance and Investment. The issue will constitute 25.04% of the post issue paid-up capital of the company.

The company has decided a price band of Rs 195 to Rs 215 a share of the face value of Rs 10 each. The issue will open for subscription on Friday, Feb. 1, 2013 and will close on Tuesday, Feb. 5, 2013.

V-Mart primarily operate in Tier-II and Tier-III cities, with a chain of ''value retail'' departmental stores offering apparels, general merchandise and kirana, catering to the entire family. Based in New Delhi, the Company's operations are spread across northern, western and eastern parts of India.

The company's total income has grown at a CAGR of 30.21% from Rs 980.71 million in Fiscal 2008 to Rs 2,819.54 million in Fiscal 2012. Its profit after tax has grown at a CAGR of 33.04% from Rs 35.24 million in Fiscal 2008 to Rs 110.40 million in Fiscal 2012. V-Mart's total income stood at Rs 2,500.59 million for the eight month period ended on November 30, 2012 and profit after tax was Rs 130.80 million for the same period.

The company and the Selling Shareholder in consultation with the BRLM may consider participation by Anchor Investors. The Anchor Investor Bid/Issue Period shall be one day prior to the Bid/Issue opening date i.e Jan. 31, 2013.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
GIC acquires 63.9% stake in Nirlon - 28-Apr-2015 18:30
PTC India Financial to partner IFC for renewable energy projects - 28-Apr-2015 18:07
NTPC board approves Rs 17.79 bn investment in AP solar project - 28-Apr-2015 17:59
Bajaj Auto launches new age Pulsars - 28-Apr-2015 17:38
Kalpataru Power wins new orders worth Rs 7.65 bn - 28-Apr-2015 17:34
Godrej Consumer consolidated Q4 net climbs 12.4% - 28-Apr-2015 13:13
Jindal Stainless commissions state of the art metal recovery facility - 28-Apr-2015 13:07
Bank of India to raise USD 750 mn via bonds - 28-Apr-2015 12:53
RPower terminates 3,960 MW ultra mega power project in Jharkhand - 28-Apr-2015 12:17
IOC's Paradip Refinery to be fully operational in 6-8 months - 28-Apr-2015 11:24
JP Associates concludes sale of 1.5 MTPA cement grinding unit - 28-Apr-2015 10:53
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer