Vishal Mega Mart 首次亮相：庫存將何去何從？

Vishal Mega Mart 的股票於 12 月 18 日星期三在股市首次亮相，在 NSE 開盤價為 104 盧比

Vishal Mega Mart shares had a stellar debut on the stock market on Wednesday, opening at a price that was 33.33% higher than the issue price on NSE. The stock commenced trading at ₹104 on NSE and ₹110 on BSE, marking a premium of 41%.

Vishal Mega Mart 股票週三在股市首次亮相，開盤價較 NSE 發行價高出 33.33%。該股在 NSE 的開盤價為 104 盧比，在 BSE 的開盤價為 110 盧比，溢價達 41%。

Continuing its surge, the stock gained an additional 7% from its listing price, reaching ₹111.19 on NSE. At 2:30 p.m., the stock was trading at ₹109.

該股繼續飆升，較上市價額外上漲 7%，在 NSE 上達到 111.19 盧比。下午 2:30，該股交易價格為 109 盧比。

The IPO, which was entirely an offer-for-sale by promoters, saw a massive investor response, being oversubscribed by 28 times, especially in the QIB segment. The IPO received bids amounting to over ₹1.61 lakh crore, against the issue size of ₹8,000 crore.

這次IPO完全是發起人的要約出售，引起了投資者的強烈反響，超額認購達28倍，尤其是在QIB領域。這次 IPO 收到的投標金額超過 16.1 億盧比，而發行規模為 800 億盧比。

While the stock's strong debut has grabbed investors' attention, analysts are divided on its future prospects. Some advise against expecting further gains due to the IPO's OFS structure, where the company will not directly benefit from the funds raised. However, others remain optimistic about the company's growth and cost-efficiency initiatives.

儘管該股的強勁首發引起了投資者的關注，但分析師對其未來前景存在分歧。有些人建議不要期望因 IPO 的 OFS 結構而獲得進一步收益，因為該結構公司不會直接從籌集的資金中受益。然而，其他人仍然對該公司的成長和成本效益措施持樂觀態度。

Highlighting the high demand, which led to the stock's strong debut, Shivani Nyati, Head of Wealth at Swastika, attributed the strong listing gains to the high investor demand, evident from the 28.75 times oversubscription. Pointing out Vishal Mega Mart's position as a leading offline retailer, its consistent financial performance, and its reasonable valuation drove investor interest. However, she advised investors to book profits at this level, suggesting a stop-loss around ₹95 for those intending to hold the stock long-term.

Swastika 財富主管 Shivani Nyati 強調了導致該股首次亮相的高需求，將強勁的上市收益歸因於投資者的高需求，這從 28.75 倍的超額認購中可見一斑。指出Vishal Mega Mart作為領先的線下零售商的地位、其穩定的財務表現以及合理的估值激發了投資者的興趣。不過，她建議投資者在此水準上獲利，並建議那些打算長期持有該股票的投資者將止損價定在 95 盧比左右。

Prashanth Tapse, Senior Vice President of Research at Mehta Equities, shared a similar view, recommending that conservative investors consider booking profits due to current market volatility. However, for long-term, risk-tolerant investors, he advised holding onto the stock with a long-term view, especially if the stock dips in the short term.

Mehta Equities 研究資深副總裁 Prashanth Tapse 也持有類似觀點，建議保守投資者考慮因當前市場波動而獲利了結。然而，對於長期、具有風險承受能力的投資者來說，他建議以長遠眼光持有該股，尤其是如果該股短期下跌。

Emphasizing the company's strong growth prospects, Akriti Mehrotra, Research Analyst at StoxBox, highlighted the company's focus on expanding into underserved Tier-2 and Tier-3 cities. Vishal Mega Mart's strategy of diversifying its product offerings and enhancing in-store experiences is driving same-store sales growth, making it an attractive option for long-term investors. She recommended holding onto shares from a medium-to-long-term perspective.

StoxBox 研究分析師 Akriti Mehrotra 強調了該公司強勁的成長前景，並強調該公司專注於向服務不足的二線和三線城市擴張。 Vishal Mega Mart 的產品供應多元化和增強店內體驗的策略正在推動同店銷售成長，使其成為對長期投資者有吸引力的選擇。她建議從中長期角度持有股票。