Zomato IPO Live Updates: Online meal delivery platform Zomato launched its initial public offering (IPO) on Wednesday July 14, 2021 and the issue has been subscribed 1.05 times at the end of the first day of the IPO, according to available data on BSE.
At the end of Day 1, shares to be allocated to Qualified Institutional Buyers (QIBs) have been subscribed at 98 percent, while those of non-institutional investors have been subscribed to nearly 13 percent and that of individual investors of retail (RII) has been subscribed 2.69 times. Separately, shares in the employee segment were nearly 18% underwritten, according to data from ESB.
Going forward, subscription for Zomato’s IPO will resume from 10 a.m. today and continue until 5 p.m.
The IPO – India’s largest this year – will be available for subscription for July 14-16, 2021. The price range of Zomato IPO is set at 72-76 rupees per share of the par value of Rs 1 each and the company aims to increase Rs 9.375 crore by the offer.
The IPO includes a new issue of shares valued at Rs 9,000 crore and an Offer to Sell (OFS) valued at Rs 375 crore by existing investor Info Edge (India), which is the parent company of Naukri.com, according to information provided in the Red Herring prospectus.
Before the IPO, the anchor portion of the offer was open on Tuesday July 13, 2021. Zomato raised more Rs 4,196 crore (Rs 188.8.131.52.380) from 186 main investors instead of 184.108.40.2065 shares at Rs 76 each, according to stock exchange data.
Principal investors include 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.