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Vishal Mega Mart Weighs Confidential IPO Filing

  • Vishal Mega Mart, backed by Kedaara Capital and Partners Group, is considering a confidential pre-filing with Sebi for its IPO.
  • If successful, it will be the fourth firm to use this route after Tata Play, Oyo, and Swiggy.
  • The IPO could raise between $750 million to $1 billion, with draft papers expected to be submitted within 7-10 days.
  • The pre-filing route allows firms to keep sensitive business details confidential until a final decision on listing is made.
  • Vishal Mega Mart operates 589 franchised stores across 350 cities, targeting lower middle-class customers in the organized value retail market.
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4mo ago
criticalresourceF99
criticalresourceF99
Stealth4mo

First of all never invest in a company backed by kedaara capital. Second is never work with the company which is backed by them.

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