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Zomato IPO Live Updates: Issue subscribed 38.25 at the end of final day

Zomato IPO Opening Date, Price Band Live news updates: The price band of Zomato IPO was fixed at Rs 72-76 per share of the face value of Rs 1 each and the company aims to raise Rs 9,375 crore through the offer.

By: Express Web Desk | New Delhi |
Updated: July 16, 2021 5:24:10 pm
Zomato's IPO will be available for subscription till Friday.

Zomato IPO Live Updates: Online food delivery platform Zomato, which launched its initial public offering (IPO) on Wednesday, July 14, 2021, saw its issue get subscribed 38.25 times on the final day of IPO.

At 5:00 pm, the shares which are to be allocated for the qualified institutional buyers (QIBs) got subscribed 51.79 times, while those of non institutional investors were subscribed 32.96 times and that of the retail individual investors (RIIs) was subscribed 7.45 times. Separately, shares for the employees’ segment was subscribed to around 62 per cent, the BSE data showed.

The subscription period for Zomato IPO was available from till 5 pm on July 16, 2021.

The IPO – India’s biggest this year – was available for subscription during July 14-16, 2021. The price band of Zomato IPO was fixed at Rs 72-76 per share of the face value of Rs 1 each and the company aims to raise Rs 9,375 crore through the offer.

The IPO comprises a fresh issue of equity shares worth Rs 9,000 crore and an offer for sale (OFS) worth Rs 375 crore by existing investor Info Edge (India), which is the parent company of Naukri.com, according to the information provided in the red herring prospectus.

Ahead of 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 each, data from the stock exchanges showed.

The anchor investors include the likes of Tiger Global Investment Fund, Blackrock, Fidelity, JPMorgan, Morgan Stanley, T Rowe Price, Canada Pension Plan Investment Board, Government 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) among others.

Live Blog

Follow this space for all LIVE Updates on Zomato IPO:

17:04 (IST)16 Jul 2021
Zomato IPO final update at the end of Day 3

Zomato IPO Update as of 5:00 PM on Day 3 - final day

Qualified Institutional Buyers (QIBs) subscribed 51.79 times
Non Institutional Investors subscribed 32.96 times
Retail Individual Investors (RIIs) subscribed 7.45 times
Employee Reserved subscribed 0.62 times
Total subscribed 38.25 times

Source: BSE

16:03 (IST)16 Jul 2021
Zomato IPO update

Zomato IPO Update as of 4:00 PM on Day 3 - final day

Qualified Institutional Buyers (QIBs) subscribed 51.76 times
Non Institutional Investors subscribed 32.68 times
Retail Individual Investors (RIIs) subscribed 7.34 times
Employee Reserved subscribed 0.54 times
Total subscribed 38.14 times

Source: BSE

15:04 (IST)16 Jul 2021
Zomato IPO update

Zomato IPO Update as of 3:00 PM on Day 3 - final day

Qualified Institutional Buyers (QIBs) subscribed 36.32 times
Non Institutional Investors subscribed 19.58 times
Retail Individual Investors (RIIs) subscribed 7.03 times
Employee Reserved subscribed 0.53 times
Total subscribed 26.20 times

Source: BSE

14:02 (IST)16 Jul 2021
Zomato IPO update

Zomato IPO Update as of 2:00 PM on Day 3 - final day

Qualified Institutional Buyers (QIBs) subscribed 23.16 times
Non Institutional Investors subscribed 11.16 times
Retail Individual Investors (RIIs) subscribed 6.47 times
Employee Reserved subscribed 0.44 times
Total subscribed 16.71 times

Source: BSE

12:47 (IST)16 Jul 2021
Zomato IPO update

Zomato IPO Update as of 12:45 PM on Day 3 - final day

Qualified Institutional Buyers (QIBs) subscribed 14.71 times
Non Institutional Investors subscribed 2.45 times
Retail Individual Investors (RIIs) subscribed 5.98 times
Employee Reserved subscribed 0.41 times
Total subscribed 9.69 times

Source: BSE

11:47 (IST)16 Jul 2021
Zomato IPO update

Zomato IPO Update as of 11:45 AM on Day 3 - final day

Qualified Institutional Buyers (QIBs) subscribed 11.67 times
Non Institutional Investors subscribed 1.09 times
Retail Individual Investors (RIIs) subscribed 5.69 times
Employee Reserved subscribed 0.40 times
Total subscribed 7.64 times

Source: BSE

10:19 (IST)16 Jul 2021
Zomato IPO update

Zomato IPO Update as of 10:15 AM on Day 3 - final day

Qualified Institutional Buyers (QIBs) subscribed 7.07 times
Non Institutional Investors subscribed 0.60 times
Retail Individual Investors (RIIs) subscribed 5.02 times
Employee Reserved subscribed 0.38 times
Total subscribed 4.89 times

Source: BSE

09:28 (IST)16 Jul 2021
Zomato IPO: Last day action resumes at 10 am

After being subscribed 4.79 times on the second day, the final day of subscription of Zomato IPO will resume at 10 am today.

The Qualified Institutional Buyers (QIBs) segment was subscribed 7.06 times, Non Institutional Investors segment was subscribed 0.45 times, Retail Individual Investors (RIIs) got subscribed 4.73 times and Employee Reserved segment was subscribed 0.36 times, data from the BSE showed.

17:12 (IST)15 Jul 2021
Zomato IPO update: End of Day 2

Zomato IPO: At the end of Day 2, the Zomato IPO has been subscribed 4.79 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 7.06 times
Non Institutional Investors subscribed 0.45 times
Retail Individual Investors (RIIs) subscribed 4.73 times
Employee Reserved subscribed 0.36 times
Total subscribed 4.79 times

Source: BSE

14:48 (IST)15 Jul 2021
Zomato IPO update

Zomato IPO Update as of 2:45 PM on Day 2

Qualified Institutional Buyers (QIBs) subscribed 1.19 times

Non Institutional Investors subscribed 0.30 times

Retail Individual Investors (RIIs) subscribed 4.27 times

Employee Reserved subscribed 0.25 times

Total subscribed 1.50 times

Source: BSE

13:19 (IST)15 Jul 2021
Zomato IPO update at 1:15 pm

Zomato IPO Update as of 1:15 PM on Day 2

The Zomato IPO was subscribed 1.29 times as of 1:15 pm on the second day of bidding. So far the Qualified Institutional Buyers (QIBs) segment was subscribed 0.98 times while the Non Institutional Investors got 0.24 times subscription, data by the BSE showed.

The retail segment was the most subscribed having seen 3.87 times bid for Employee segment got subscribed 0.21 times. The offer will conclude at 5pm on Friday, July 16, 2021.

12:17 (IST)15 Jul 2021
Zomato IPO update

Zomato IPO Update as of 12:15 PM on Day 2

Qualified Institutional Buyers (QIBs) subscribed 0.98 times

Non Institutional Investors subscribed 0.18 times

Retail Individual Investors (RIIs) subscribed 3.54 times

Employee Reserved subscribed 0.21 times

Total subscribed 1.22 times

Source: BSE

11:17 (IST)15 Jul 2021
Zomato IPO update

Zomato IPO Update as of 11:15 AM on Day 2

Qualified Institutional Buyers (QIBs) subscribed 0.98 times

Non Institutional Investors subscribed 0.15 times

Retail Individual Investors (RIIs) subscribed 3.33 times

Employee Reserved subscribed 0.21 times

Total subscribed 1.17 times

Source: BSE

10:27 (IST)15 Jul 2021
Zomato tweets:

On Wednesday after the end of the first day of the IPO, Zomato tweeted: "received more love today than on our birthday 4 days ago. glad to see people care less about how far we've come and more about how far we can still go"

10:20 (IST)15 Jul 2021
Zomato IPO update

Zomato IPO Update as of 10:15 AM on Day 2

Qualified Institutional Buyers (QIBs) subscribed 0.98 times

Non Institutional Investors subscribed 0.14 times

Retail Individual Investors (RIIs) subscribed 2.94 times

Employee Reserved subscribed 0.20 times

Total subscribed 1.10 times

Source: BSE

09:32 (IST)15 Jul 2021
Zomato IPO: Day 2 action resumes at 10 am

After being fully subscribed on the first day itself, the subscription of Zomato IPO will resume at 10 am today. The offer was subscribed 1.05 times on Wednesday. The Qualified Institutional Buyers (QIBs) was subscribed 0.98 times, Non Institutional Investors was subscribed 0.13 times, Retail Individual Investors (RIIs) got subscribed 2.69 times and Employee Reserved segment was subscribed 0.18 times, data from the stock exchanges showed.

17:14 (IST)14 Jul 2021
Zomato IPO update: End of Day 1

Zomato IPO: At the end of Day 1, the Zomato IPO has been oversubscribed. The total issue has been subscribed 1.05 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 0.98 times

Non Institutional Investors subscribed 0.13 times

Retail Individual Investors (RIIs) subscribed 2.69 times

Employee Reserved subscribed 0.18 times

Total subscribed 1.05 times

Source: BSE

14:36 (IST)14 Jul 2021
Zomato IPO update

Zomato IPO Update as of 2:30 PM on Day 1

Qualified Institutional Buyers (QIBs) subscribed 0.10 times

Non Institutional Investors subscribed 0.08 times

Retail Individual Investors (RIIs) subscribed 2.16 times

Employee Reserved subscribed 0.07 times

Total subscribed 0.47 times

Source: BSE

13:03 (IST)14 Jul 2021
Zomato IPO update

Zomato IPO Update as of 1:00 PM on Day 1

Qualified Institutional Buyers (QIBs) subscribed 0.00 times

Non Institutional Investors subscribed 0.06 times

Retail Individual Investors (RIIs) subscribed 1.78 times

Employee Reserved subscribed 0.05 times

Total subscribed 0.34 times

Source: BSE

11:34 (IST)14 Jul 2021
Zomato IPO update

Zomato IPO Update as of 11:30 AM on Day 1

Qualified Institutional Buyers (QIBs) subscribed 0.00 times

Non Institutional Investors subscribed 0.02 times

Retail Individual Investors (RIIs) subscribed 1.09 times

Employee Reserved subscribed 0.03 times

Total subscribed 0.20 times

Source: BSE

Zomato IPO: The proceeds from the fresh issue will be used towards funding organic and inorganic growth initiatives and for general corporate purposes, according to the information in the red herring prospectus of Zomato.

Zomato had filed preliminary papers with the market regulator in April this year and received the approval last week to float the IPO. Sebi’s observation is very necessary for any company to launch any public issue such as IPO, follow on public offer (FPO) and rights issue.

Shares of Zomato will be listed on both BSE and NSE.

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