Zomato IPO fully sold on Day 1 in retail rush
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Zomato IPO fully sold on Day 1 in retail rush
TNN / Jul 15, 2021, 03:27 IST
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MUMBAI: Retail investors lapped up the shares of food delivery major Zomato on the first day of bidding in its Rs 9,375-crore IPO.
While the retail portion of the offer was subscribed 2.7 times, the institutional part was nearly subscribed fully, the high networth (non-institutional) part 13% and the part reserved for employees 18%, data on BSE showed. Overall the total IPO was subscribed 1.05 times. The issue, being offered at a price of Rs 72-76 per share, will close on Friday. ....