Zomato's IPO will be readily available for subscription till Friday.
Zomato IPO Live Updates: On-line meals offer platform Zomato will delivery its preliminary public offering (IPO) at 10 am on Wednesday, July 14, 2021. The IPO – India’s supreme this year – will be readily available for subscription till Friday, July 16, 2021. The worth band of Zomato IPO is mounted at Rs 72-76 per a part of the face worth of Rs 1 every and the firm targets to raise Rs 9,375 crore thru the provide.
The IPO comprises a fresh distress of fairness shares worth Rs 9,000 crore and an provide for sale (OFS) worth Rs 375 crore by existing investor Info Edge (India), which is the guardian firm of Naukri.com, in step with the determining supplied in the purple herring prospectus.
Sooner than the IPO, the anchor piece of the provide used to be delivery on Tuesday, July 13, 2021. Zomato raised over Rs 4,196 crore (Rs 41,96,51,86,380) from 186 anchor investors in lieu of 55,21,73,505 fairness shares at Rs 76 every, records from the stock exchanges confirmed.
The anchor investors embrace the likes of Tiger International Investment Fund, Blackrock, Constancy, JPMorgan, Morgan Stanley, T Rowe Tag, Canada Pension Concept Investment Board, Govt of Singapore, SBI Mutual Fund, Axis Mutual Fund, Kotak Mutual Fund, UTI Mutual Fund, Motilal Oswal AMC, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Tata Mutual Fund, Goldman Sachs India, Abu Dhabi Investment Authority, Franklin Templeton, HSBC Asset Management (India) amongst others.