The blockbuster preliminary public providing (IPOs) of on-line restaurant discovery and meals supply platform Zomato, which was launched earlier this week was met with a strong demand by the traders.
Zomato IPO was subscribed 38.25 instances on the ultimate day, knowledge accessible on the BSE confirmed. The Rs 9,375 crore supply obtained bids for over 2,751.25 crore (27,51,25,18,020) shares in opposition to the whole situation dimension of 71.92 crore (71,92,33,522) shares, the info confirmed.
The shares that are to be allotted for the certified institutional consumers (QIBs) acquired subscribed 51.79 instances, whereas these of non institutional traders have been subscribed 32.96 instances and that of retail particular person traders (RIIs) was subscribed 7.45 instances. Separately, shares for the staff’ section was subscribed 0.62 instances, the BSE knowledge confirmed.
Zomato IPO was India’s greatest thus far this yr with a dimension of Rs 9,375 crore. The IPO includes a recent situation of fairness shares price Rs 9,000 crore and a suggestion on the market (OFS) price Rs 375 crore by present investor Info Edge (India), which is the mum or dad firm of Naukri.com, in keeping with the knowledge within the crimson herring prospectus (RHP).
The IPO of the meals supply big had opened for subscription on Wednesday, July 14, 2021, and concluded at 5 pm in the present day. It had a value band of Rs 72-76 per share and earlier than heading into the IPO, Zomato raised over Rs 4,196 crore (Rs 41,96,51,86,380) from 186 anchor traders in lieu of 55,21,73,505 fairness shares at Rs 76 every.
Going forward, traders will now sit up for the share allotment date of the problem. The finalisation of the idea of allotment for Zomato is anticipated to happen on Thursday, July 22, 2021, as per the knowledge offered within the RHP.
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