Zomato’s substantially-awaited initial public supplying has been completely subscribed by investors on the 1st day of bidding. So far the IPO has been subscribed 1.07 occasions, led by retail investors who have oversubscribed their portion of the situation. The Rs 9,375 crore IPO opened for subscription today morning immediately after possessing raised Rs 4,200 crore from anchor investors. Investors can nonetheless bid for the public situation at the set value variety of Rs 72-76 per share, till Friday evening. Zomato, the homegrown meals delivery unicorn, would be the 1st of lots of Indian tech startups that are anticipated to list on the stock exchanges quickly.
While retail investors had been the 1st to completely subscribe to the situation, Qualified Institutional Buyers (QIB) have so far bid for 98% of the portion reserved for them and Non-Institutional Investors (NII) have bid for 12% of the reserved portion. Employees of Zomato have subscribed 18% of their portion. The substantially-awaited Zomato IPO is seeing enormous interest from all pockets of investors. Ahead of the IPO, the meals delivery giant managed to raise Rs 4,200 crore from anchor investors, which includes marquee international investors such as Tiger Global, Blackrock, Government of Singapore, JP Morgan, Goldman Sachs, and Morgan Stanley.