Vishal Mega Mart IPO

Serving a large and growing section of the Indian population : The total addressable market for aspirational retail in India is ?68-72 trillion (US$ 820-870 billion) for calendar year 2023, and is expected to be ?104-112 trillion (US$ 1,250-1,350 billion) by calendar year 2028, growing at a CAGR of 9%

Consumer-centric approach : Company adopts a consumer-centric approach that seeks to maximise variety, affordability, quality and convenience for its consumers, that has helped us build consumer trust and appeal, and a large consumer base.

Diverse and growing portfolio of own brand: Company's own brands constituted about 70% of its revenue from operations. This revenue from operations from sales of own brands grew at a CAGR of 27.72% between the FY 2022 and 2024.

Pan-India presence : Company operates a pan-India network of 626 stores across 33 Tier 1 cities and 370 Tier 2 cities and beyond. They are ranked among the two leading offline-first diversified retailers in India based on the number of cities present.

Systems driven operations: They have implemented technology and systems across operations, enabling them to offer existing and new products to consumers in a timely and cost-effective manner.

Third party manufacturing: Company does not manufacture any of the products that are sold in its stores, and relies entirely on third party vendors for the manufacturing of all products under its own brands who are required to meet its product specification, quality, design and manufacturing standards, which subjects us to risks,

Changing consumer preferences: If company fails to identify and effectively respond to changing consumer preferences in a timely manner, the demand for its products could decrease, causing the business to be adversely affected.

Past negative cash flows: Company has experienced negative cash flows in the past. There is no assurance to investors that its net cash flows will be positive in the future.

Outstanding litigations: There are outstanding litigations pending against Company, Subsidiaries, Directors and Promoters which, if determined adversely, could affect business and finances.