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V-Mart Retail files DRHP with SEBI

New Delhi based retail departmental store chain V-Mart Retail proposes to tap capital market with a public issue of 57.46 lakh equity shares of face value of Rs.10 each. The issue comprised of a fresh issue of 40.11 lakh equity shares by the company and an offer for sale of 17.35 shares by Naman Finance and Investment Private Limited

V-Mart operates in Tier-II and Tier-III cities, with a chain of value retail departmental stores that offering apparels, general merchandise and kirana. Currently it owns and operates 59 stores spread across 51 cities and 10 states and union territories, with a total area of 4.82 lakh sq ft.

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