IPO Wrap: Zomato IPO subscribed 38.25 times on last day led by QIBs and non institutional investors





zomato ipo, zomato ipo update, zomato ipo subscription statusA birth employee of Zomato, an Indian meals-birth startup, carrying a face conceal waits to salvage direct exterior an eatery in Kolkata, India, July 13, 2021. (REUTERS)

The blockbuster preliminary public offering (IPOs) of online restaurant discovery and meals birth platform Zomato, which turn out to be as soon as launched earlier this week turn out to be as soon as met with a sturdy question by the investors.

Zomato IPO turn out to be as soon as subscribed 38.25 times on the last day, details on hand on the BSE showed. The Rs 9,375 crore provide purchased bids for over 2,751.25 crore (27,51,25,18,020) shares in opposition to the full notify size of 71.92 crore (71,92,33,522) shares, the guidelines showed.

The shares that are to be distributed for the licensed institutional investors (QIBs) received subscribed 51.79 times, while these of non institutional investors had been subscribed 32.96 times and that of retail particular particular person investors (RIIs) turn out to be as soon as subscribed 7.45 times. One after the other, shares for the workers’ phase turn out to be as soon as subscribed 0.62 times, the BSE details showed.

Zomato IPO turn out to be as soon as India’s finest to date this year with a size of Rs 9,375 crore. The IPO comprises a fresh notify of equity shares price Rs 9,000 crore and a proposal for sale (OFS) price Rs 375 crore by existing investor Data Edge (India), which is the guardian firm of Naukri.com, in accordance with the details within the purple herring prospectus (RHP).

The IPO of the meals birth huge had opened for subscription on Wednesday, July 14, 2021, and concluded at 5 pm currently. It had a establish band of Rs 72-76 per portion and sooner than heading into the IPO, Zomato raised over Rs 4,196 crore (Rs 41,96,51,86,380) from 186 anchor investors in lieu of 55,21,73,505 equity shares at Rs 76 every.

Going ahead, investors will now peer ahead to the portion portion date of the difficulty. The finalisation of the premise of portion for Zomato is anticipated to comprehend build on Thursday, July 22, 2021, as per the details equipped within the RHP.

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