The much-awaited Initial Public offering of online food delivery platform Zomato was launched on the 14th of July. The issue got subscribed 1.05 times at the end of the first day of the IPO, according to the data available on the BSE.
The IPO lot size is 195 shares. A retail investor is allowed to invest up to 13 lots,
Shares of Zomato will be listed on both BSE and NSE
The offer will be available till Friday, July 16, 2021.
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 Along with 9000 crores in form of a fresh issue of shares. Zomato’s IPO is a main-board IPO of equity shares of the face value of 1 aggregating up to 9,375 crore share and had sale via initial public offering (IPO) was subscribed 36 percent by 1:15 pm Zomato’s IPO got fully subscribed on the first day of bidding, led by a good response from the retail investors.
“LIC’s investment, plans in bidding to invest in Zomato’s IPO,” The Zomato IPO comprises of a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale to the tune of Rs 375 crore by Info Edge (India) Ltd.
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.
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