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Zomato was supposed to make its stock exchange debut on July 27, but the company preponed its listing date by four days to Friday. The company launched its initial public offering (IPO) last week between July 14 to 16 at a price band of ₹72-76. The minimum order bid was kept at one lot of 195 equity shares. At a price of ₹76 per share, one lot cost up to ₹14,820.
Zomato’s issue was oversubscribed by
38 times, as it attracted bids for 2,751 crore compared to the issue size of 71.9 crore shares. The shares reserved for Qualified Institutional Buyers (QIBs) were oversubscribed by 51 times. Meanwhile, Non-institutional investors reserve was oversubscribed by 32 times and Retail Individual Investors (RII) share was oversubscribed by seven times.
Zomato IPO News: Zomato Shares To Debut On The Bourses Tomorrow
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Zomato IPO oversubscribed by 38x on the last day of bidding
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Ahea of the launch of its initial public offering (IPO) today (14 July), Gurugram-based online food delivery platform Zomato on Tuesday (13 July) raised Rs 4,196.51 crore from 186 anchor investors by allocating 55.21 crore equity shares at a price of Rs 76 each, reports
Moneycontrol.
As per the information shared by Zomato, of the total 55.21 crore equity shares to anchor investors, more than 18.41 crore equity shares were allocated to 19 domestic mutual funds through a total of 74 schemes.
Some of the marquee investors out of the total 186 who have brought the shares of the company include the likes of New World Fund Inc, American Funds, Tiger Global Investments Fund, BlackRock Global, Lansforsakringar Asienfond, Tokio Marine Life Insurance, Fidelity Funds, JPMorgan, Master Trust Bank of Japan, Morgan Stanley Investment Fund, T Rowe Price and Canada Pension Plan Investment Board.
Zomato IPO: Firm raises Rs 4,197 cr from 186 anchor investors
Zomato IPO: Of the total allocation 18.41 crore shares were given to 19 domestic mutual funds such as SBI, HDFC, Aditya Birla, Kotak, Axis, Nippon India Zomato IPO opens for subscription on Wednesday BusinessToday.In
Updated Jul 14, 2021, 10:38 AM IST
Food delivery platform Zomato has raised Rs 4,197 crore from 186 anchor investors on Tuesday ahead of its IPO opening. The company allotted 55.22 crore equity shares to anchor investors for Rs 76 apiece. Tiger Global, BlackRock, New World Fund, Axis Mutual Fund, SBI MF, and HDFC MF received some of the allotment.
The funds raised through anchor investors are almost 45 per cent of the total issues size. Zomato reserved 75 per cent of the issue size for qualified institutional buyers while 25 per cent were reserved for high net worth individuals and retail investors.