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Incidentally, Oza, who has had a stint of over 25 years as a dealmaker was also a founding member of Nomura when it set up shop in India back in 2006. ....
Photo: Zomato July 23, 2021 Investment bankers handling Zomato Ltd’s ₹9,375 crore initial public offering (IPO) earned ₹229 crore in fees, the food delivery unicorn’s final offer documents showed, making it one of the biggest payouts for any Indian IPO. Zomato was advised by Kotak Mahindra Capital, Morgan Stanley, Credit Suisse, Bank of America and Citi. According to data from primary market tracker Prime Database, the fees paid by Zomato to the five bankers far exceeded every other ₹5,000-crore-plus IPO. In comparison, investment banks earned ₹97.34 crore from Gland Pharma’s ₹6,479.5 crore IPO in November, ₹90.85 crore from ICICI Prudential Life Insurance’s ₹6,056.79 crore IPO in 2016, and ₹85.25 crore from Blackstone-backed Sona BLW Precision Forging Ltd’s ₹5,550 crore IPO in June. ....
The Rs 5,550-crore Sona Comstar IPO consists of fresh issue of Rs 300 crore and an offer for sale of Rs 5,250 crore. The price band is fixed at Rs 285-291/share. Read on to know what the brokerages are recommending ....