Vishal Mega Mart Plunges 6.6% Amid ₹5,057 Cr Block Deal Buzz
By Ankur Chandra | Published at: Jun 17, 2025 12:42 PM IST
Mumbai, June 17, 2025 (10:52 am IST): Shares of Vishal Mega Mart Ltd (NSE: VMM) fell to ₹120.33 in early trading on Tuesday after reports said that the promoter company Samayat Services LLP is getting ready to sell a 10% equity share through block agreements. The deal is projected to be worth ₹5,057 crore, and the floor price is set at ₹110 per share, which is over 12% less than Monday’s closing price.
Promoter Overhang Weighs on Sentiment
Market participants reacted swiftly to the potential supply overhang from the large block transaction. At 09:20 am IST, the stock had touched an intraday low of ₹113.50, sharply down from its previous close of ₹124.85. As of 10:52 am IST the stock rose to ₹120.33 (+7.13) from the intraday low. Trading volumes surged past 9.67 crore shares, indicating aggressive participation likely from institutional desks.
Deal Snapshot
| Particulars | Value |
|---|---|
| Stake Sale Size | 10% |
| Promoter Entity | Samayat Services LLP |
| Deal Value | ₹5,057 crore |
| Floor Price | ₹110 per share |
| Discount to Last Close | ~11.9% |
Order Book Status
- Buy Quantity: 3.89 crore shares
- Sell Quantity: 39.43 lakh shares
Valuation Warning Remains
The stock trades at an exceptionally high P/E of 499.40, prompting exchanges to flag it for excessive valuations. The price action today reflects investor anxiety over both dilution and valuation sustainability, especially with a 20% daily price band capping upside potential.
Vishal Mega Mart Ltd, listed on December 18, 2024, operates one of India’s largest value retail chains, focusing on affordable fashion, household, and FMCG products. The company is part of the NIFTY MIDCAP 100, under the Diversified Retail category.
Market participants will watch for confirmation of the block trade and potential investor interest at the ₹110 floor price.
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