In this paper we will discuss about Vishal Retail IPO. Vishal went to public in 2007. It aims to collect more than 100 crores from the public. Vishal’s stores are mainly based on the North and Central India.
Vishal Retail issued their IPO in June 2007. It is the owner of Vishal Megamart, a very popular retail chain in India.
The price range was Rs 230 to Rs 270 per share. Vishal aimed to collect almost Rs 110 crores from the public.
In 2001, Vishal Retail started their retail business in Kolkata. It mainly sells FMCG products, apparels, watches, footwears, gifts and toys. Vishal’s now have total 50 stores allover the Central and Northern parts of India.
Vishal issued its IPO to resume another 22 new operation centers. For the other 10 stores, which are likely to be opened within the mid of 2008, will be funded by the firm itself.
The company’s total profit amount for the financial year 2007 was almost Rs 25 crores. Two-thirds of the total revenue had been generated from only the apparel business.
Most of the company’s stores are situated on the streets instead of malls. This is to save the costs of real estate. Moreover, unlike the other retail giants, namely, Pantaloons, Reliance Retail, Vishal focuses more on the two or three tier cities rather than the metros.
Vishal’s business is growing, and the experts think that Vishal Retail IPO will perform well in future.
tail, Vishal focuses more on the two or three tier cities rather than the metros.
- Vishal’s business is growing, and the experts think that Vishal Retail IPO will perform well in future.
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Last Updated on : 30th July 2013