The ₹8,000-crore IPO of Vishal Mega Mart has been subscribed 37% on the first day of bidding on December 11. The IPO received bids for 27.83 crore shares against 75.67 crore shares on offer, according to NSE data till 3:30 PM. The retail individual investors' category was subscribed 44%, while non-institutional investors' portion received 68% subscription.