INSUBCONTINENT EXCLUSIVE:
Zomato IPO: Part scheduled for QIB was subscribed 51.79 times by 5:00 pm todayZomato's 9,375 initial public offering (IPO) is subscribed
38.25 times up until now on the 3rd and final day of the problem, according to subscription information on the exchanges
The IPO of the leading online food shipment service provider opened for investors on Wednesday, July 14 for a duration of 3 days
Zomato's shares are in high need among qualified institutional buyers today, while retail individual financiers showed warm interest
(Also Read: Zomato IPO - Most Significant Given That Coal India, Ends Today )The part reserved for retail investors in the IPO was
subscribed 7.45 times by 5:00 pm today
The part reserve for the non-institutional investors (NII) was subscribed 32.96 times, while the portion reserved for certified
institutional purchasers (QIB) was subscribed 51.79 times - the greatest amongst the three groups of investors
The IPO was subscribed almost 5 times on the 2nd day of its issue the other day and totally subscribed at 1.05 times at the end of the first
Retail investors revealed overwhelming interest on the first day as the portion reserved for them was oversubscribed within hours of opening
The company has actually fixed the main market offering's rate band at 72-76 per share
Zomato's shares are likely to be listed on stock exchanges BSE and NSE on July 27
The general public offer includes a fresh problem of 9,000 crore and a sell of 375 crore by promoter - Details Edge India
The Zomato IPO comes at a time when markets are near their all-time highs and there is growing interest from numerous digital companies-
such as Paytm, Flipkart, and Ola to go public and even more, list on the bourses.Zomato will use the IPO continues to fund organic and
inorganic growth efforts and for basic corporate purposes
Backed by China's Ant Group, Zomato is the very first Indian mega start-up to go public
Included in 2008, Zomato is now one of the leading online food service platforms - in regards to the worth of food sold, and has an
existence in 24 countries overseas.
