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.