From plate to purse: Traders lap up Zomato IPO, subscribe over 38 times

By: ENS Financial Bureau | Mumbai |



Updated: July 17, 2021 4: 14: 11 am





The firm has mounted the most necessary market offering’s label band at Rs 72-76 per portion.

The Rs 9,375-crore initial public offering (IPO) of on-line meals transport companies supplier Zomato became subscribed 38.25 times on Friday, the third and final day of bidding.

The offer bought bids for 2,751.25 equity shares towards IPO dimension of 71.92 crore equity shares, the subscription files readily available on the exchanges showed. The retail investor half became subscribed 7.45 times, while non-institutional investors put in bids for 32.96 times towards their reserved half. The half location apart for workers became subscribed 62 per cent and that of certified institutional investors (QIBs) subscribed 51.79 times.

The firm has mounted the most necessary market offering’s label band at Rs 72-76 per portion. Zomato’s shares have a tendency to be listed on the BSE and the NSE on July 27. The final public offer contains a contemporary yell of Rs 9,000 crore and a proposal within the marketplace of Rs 375 crore by promoter Info Edge India.

📣 The Indian Inform is now on Telegram. Click on right here to join our channel (@indianexpress) and salvage updated with the most contemporary headlines

Read Extra

Website Designed & SEO done by KV TechMedia - Web Design Company Uttar Pradesh, India
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram