Indian budget supermarket chain Vishal Mega Mart on Thursday filed papers for an 80 billion rupee ($952 million) initial public offering, joining a growing list of companies tapping the country's bustling capital market.

The proposed IPO will be entirely an offer-for-sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares

Gurugram-based Vishal Mega Mart has filed a draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs 8,000 crore in an IPO (initial public offering). The proposed IPO will entirely be an offer-for-sale of shares by promoter Samayat Services LLP,