V-Mart Retail Limited announced that it has received INR 262.5 million in funding from Antique Stockbroking Limited, Four Dimensions Securities Limited, Merit Credit Corporation Ltd
January 13, 2013
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V-Mart Retail Limited announced that it has raised INR 262,500,000 in its pre-IPO round of funding on January 14, 2013. The company will issue 1,250,000 equity shares at INR 210 per share to new investors, Antique Finsec Private Limited, Antique Stock Broking Limited, Four Dimensions Securities (India) Limited, Lata Manek Bhanshali, Merit Credit Corporation Limited, Tejal Rohit Kothari and other high network individuals. As part of the round, the post money valuation of the company is INR 4,000,000,000.The issued shares represents 7% of the company post initial public offering. Anand Rathi Financial Services Limited acted as the sole book running lead manager and financial advisor for the company.
On January 14, 2013, V-Mart Retail Limited closed the transaction.
V-Mart Retail Limited is an India-based retail store chain that offers readymade garments and accessories. The Company operates through two segments: Retail Trade, and Digital Marketplace. The Retail Trade segment is engaged in domestic sales to customers at stores. Digital Marketplace is engaged in the commission and other income by providing a Limeroad platform for vendors. It provides a range of apparel and accessories for men, women, boys, girls, and toddlers. Its general merchandise includes footwear, home furnishings, kitchenware, toys and games, bags and luggage, and crockery. Its Kirana bazaar includes fast-moving consumer goods (FMCG) products, packaged food items, beauty, and personal care, home care, and staple products. It operates through approximately 423 stores across 26 states. Its stores are located in states/cities, including Uttar Pradesh, Delhi, Bihar, Jharkhand, Haryana, Uttarakhand, Madhya Pradesh, and West Bengal.
V-Mart Retail Limited announced that it has received INR 262.5 million in funding from Antique Stockbroking Limited, Four Dimensions Securities Limited, Merit Credit Corporation Ltd
V-MART RETAIL LIMITED 
