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Zomato makes a strong public market debut at 51% premium

03:01 Advertisement 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 s IPO Oversubscribed By 38 Times With 2,751 Cr Bids

Zomato s IPO Oversubscribed By 38 Times With 2,751 Cr Bids
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Watch: Is the Zomato IPO a Skip or Subscribe?

Watch: Is the Zomato IPO a Skip or Subscribe?
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Zomato raises ₹4,197 crore from 186 anchor investors, oversubscribed by 35 times

Zomato raises ₹4,197 crore from 186 anchor investors, oversubscribed by 35 times
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