Zomato raises Rs 4,197 crore from 186 anchor investors

MUMBAI: Online meals shipping and restaurant discovery platform Zomato has raised Rs 4,197 crore from 186 anchor investors Tuesday sooner than IPO opening. The company told the stock exchanges that it had dispensed 55.22 crore equity shares to anchor investors for Rs 76 per equity piece.

The funds raised via anchor investors are almost 45 per cent of the complete field dimension. General, 75 per cent of the sphere dimension is reserved for qualified institutional investors, while 25 per cent of shares contain been reserved for excessive salvage fee folks and retail investors.

Marquee investors corresponding to Sleek World Fund, Tiger World Investment Fund, Fidelity Fund, Baillie Gifford Pacific Fund, Morgan Stanley Investment Fund, Canada Pension Thought Investment Fund, Authorities of Singapore, Kotak Flexicap Fund, amongst others, were dispensed bigger than 2 per cent of the anchor book.

Out of the 55.22 crore shares allocation, 18.41 crore shares were dispensed to 19 home mutual funds corresponding to SBI, Axis, Aditya Birla, Kotak, Mirea, Motilal, UTI, Nippon India, HDFC, IIFL, Sundaram, Tata, and Essential, amongst others.

Zomato IPO will beginning for subscription on Wednesday, 14 July, and finish on Friday, July 16, 2021. The impress band of Zomato IPO is being mounted at Rs 72-76 per piece of the face fee of Rs 1 every. The Rs 9375 crore IPO contains a unusual field of equity shares fee Rs 9,000 crore and an offer for sale (OFS) fee Rs 375 crore by present investor Data Edge (India).

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