Zomato final day bid update: IPO oversubscribed 10.7 times

PTIUpdated: Friday, July 16, 2021, 01:43 PM IST
article-image
The IPO, the biggest in India this year, is open for subscription till Friday in a price band of Rs 72-76 per share. |

Zomato's initial public offer (IPO) was oversubscribed 10.7 times on the third and last day of the sale with institutional buyers pouring in to garb shares of the food delivery platform.

The offer received bids for 770.07 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed.

Retail investors sought 6.09 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 78.87 crore shares were bid by 1300 hours.

Non-institutional investors put in bids for 109.82 crore shares against their reserved portion of 19.42 crore. Qualified institutional buyers (QIBs) sought nearly 15 times their quota of 38.8 crore shares.

The portion set aside for employees has been subscribed 42 per cent.

The IPO, the biggest in India this year, opened for subscription on Wednesday in a price band of Rs 72-76 per share.

Zomato has already mobilised Rs 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opened. The IPO size has been reduced to Rs 5,178.49 crore from Rs 9,375 crore earlier

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Mumbai: Bombay HC releases man on bail as voice samples not collected properly

Mumbai: Bombay HC releases man on bail as voice samples not collected properly

Maharashtra: Fisherman dies in explosion at Amravati; gelatin sticks suspected to have been used to...

Maharashtra: Fisherman dies in explosion at Amravati; gelatin sticks suspected to have been used to...

Bilkis Bano Case: Ignominy amid PM’s call to respect women

Bilkis Bano Case: Ignominy amid PM’s call to respect women

Mumbai: CNG, PNG prices to reduce from today midnight; check new rates here

Mumbai: CNG, PNG prices to reduce from today midnight; check new rates here

Mumbai: Dead body of man in his 50s found in BKC creek

Mumbai: Dead body of man in his 50s found in BKC creek
epaper
Do you wish to receive daily Epaper on your WhatsApp for FREE?
NO
Yes