Zomato IPO: Portion reserved for QIB was subscribed 12.06 times by 12 noon todayZomato's Rs 9,375 initial public offering (IPO), the biggest public offering in more than a decade, closes for membership today.
The IPO of the online food shipment provider is the 2nd biggest IPO after the Rs 15,199.44 crore Coal India share sale method back in October 2010.
It is also the very first Indian mega startup to go public.
The leading online food delivery service provider's IPO opened for bidding on Wednesday, July 14 and will nearby 5:00 pm today.Zomato's shares have actually remained in high need amongst retail individual investors and certified institutional buyers.
The IPO was subscribed nearly eight times by noon on the third and last day of the concern today, according to subscription data on the exchanges.
The part booked for retail financiers in the IPO was subscribed 5.75 times by 12 midday on Friday.
The part reserve for the non-institutional investors (NII) was subscribed 1.20 times, while the portion reserved for certified institutional purchasers (QIB) was subscribed 12.06 times - the highest amongst the three groups of financiers.
Ahead of the IPO, Zomato had actually raised more than Rs 4,196 crore from anchor investors.The IPO consists of a fresh concern of Rs 9,000 crore and a sell of Rs 375 crore by the promoter - Info Edge India.
The dining establishment aggregator will use the IPO continues to fund natural and inorganic growth efforts and for basic business purposes.Zomato has repaired the cost band of the main market offering in the rate band of Rs 72-76 per share.
The shares of Zomato are likely to be listed on stock exchanges BSE and NSE on July 27.
Backed by China's Ant Group, Zomato is the most prominent start-ups in the country today and likewise has a presence in 24 countries.Zomato IPO is likely to lead the way for other leading digital companies, such as Paytm, Flipkart and Ola, to go public.
On Friday, Paytm submitted draft documents for a going public of approximately Rs 16,600 crore, according to market regulator SEBI.