July 29, 2021

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Zomato IPO: Retail investors broke on Zomato’s IPO, got fully subscribed in 75 minutes

Zomato IPO: Retail investors broke on Zomato's IPO, got fully subscribed in 75 minutes

Highlights:

  • Zomato IPO opens for subscription today
  • Retail Investors Portion Fully Subscribed in 75 Minutes
  • 10 percent quota in IPO has been kept for retail investors
  • At 1.30 pm, 2 times the bids have been received in the retail category

New Delhi
Food delivery company Zomato’s IPO opened for subscription today. Retail investors picked it up. It was fully subscribed within 75 minutes of opening. In this IPO, 10 percent quota was kept for retail investors. According to BSE and NSE data, it has received 2 times the bids in the retail category at 1.30 pm.

Reserves have been kept for 12,95,58,333 retail investors under this IPO of Rs 9,375 crore. It has received 6 per cent bids in the non-institutional investors category and 5 per cent in the portion reserved for employees. Not a single bid has been received in the Qualified Institutional Buyers (QIB) category so far. It was 17% subscribed till 1.30 am on the first day.

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How much is the share getting
Bids for Zomato’s IPO of Rs 9,375 crore can be made till July 16. The price band for this has been fixed at Rs 72-76. In this IPO, fresh shares worth Rs 9,000 crore will be issued while Info Edge will sell shares worth Rs 375 crore. For retail investors, 10 per cent of the issue i.e. Rs 933 crore is reserved. Retail investors can bid for shares in 195 shares and multiples thereof. Retail investors can bid for a maximum of 13 lots. That is, you can invest a maximum of Rs 1.94 lakh in this. The most important thing about this IPO is that 65 lakh shares are reserved for the employees. QIB will get the highest 75%.

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Rs 4,196 crore raised from anchor investors
Zomato on Tuesday raised Rs 4,196 crore from anchor investors ahead of the IPO. According to stock exchanges data, the company has allotted 55,21,73,505 equity shares to 186 anchor investors at Rs 76 per share. Its anchor 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).

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