27 August, 2014 22:12 IST
News
V-Mart IPO to open on Feb 1; price band at Rs 195-215
Source: IRIS (30-JAN-13)
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.


News
RBI asks FIIs to take approval for further investment in UPL - 27-Aug-2014 19:26
DLF plunges after SC upholds Rs 6.3 bn CCI fine - 27-Aug-2014 15:41
SC upholds Rs 6.30 bn CCI fine on DLF - 27-Aug-2014 15:02
Shree Cement deserves premium valuation, says ICICIdirect - 27-Aug-2014 14:13
RCom plans to reduce debt by Rs 150 bn: Report - 27-Aug-2014 14:08
MRPL commissions PFCC unit under phase-III project - 27-Aug-2014 14:05
DHFL names Vijaya Sampath as additional director - 27-Aug-2014 13:55
Eros International and R Balki team up once again for Shamitabh - 27-Aug-2014 13:17
IL&FS Transportation SPV ties up Rs 23.63 bn loan for NH1 project - 27-Aug-2014 12:56
FII limit in Info Edge increases to 50% - 27-Aug-2014 12:55
FMC allows Kotak Mahindra Bank to buy 15% in MCX - 27-Aug-2014 12:46
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   3rx39x into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer