Zomato, the on line meals delivery behemoth, has managed to raise Rs 4,196 crore from a total of 186 anchor investors just ahead of its initial public supplying (IPO) which opens today. Marquee investors such as Tiger Global Investment Fund, Blackrock Global Funds, Fidelity Funds, JP Morgan, Morgan Stanley, T. Rowe Price, SBI, Kotak funds, Government of Singapore, Goldman Sachs, ICICI, HDFC, and UTI MF have invested in the corporation by means of the anchor investor portion. Zomato plans to raise Rs 9,375 crore in the IPO (like anchor investments), comprising a fresh concern and an give for sale by current investors.
The corporation informed the stock exchanges that it had allocated 55.21 crore equity shares by means of the anchor book portion to investors at Rs 76 per equity share price tag. This translates to 44.7% of the whole concern size of the IPO. New World Fund, Tiger Global Investment Fund, Fidelity Funds, Baillie Gifford Pacific Fund, Morgan Stanley, and Canada Pension Plan Investment Board are some of the largest investors, selecting up more than 2% stake every single in Zomato.
Zomato has allotted 18.4 crore shares from the anchor portion to domestic funds, producing up for 33% of the whole anchor book. SBI Blue Chip Fund, Axis Mutual Fund, Aditya Birla Sun Life, Kotak Flexicap Fund, Mirae Asset Large Cap Fund, and HDFC are some of the largest domestic investors to have picked up a stake in the corporation by means of the anchor book portion.
The meals delivery key controls a huge marketplace share in the two-player marketplace. Zomato currently counts investors such as Jack Ma’s Ant Group and Uber as its investors. The corporation, despite the fact that however to turn lucrative, is anticipated to garner enormous interest from investors. Brokerage firms such as Motilal Oswal, Angel Broking, and Ventura Securities have a ‘Subscribe’ rating for the IPO.
Upon thriving completion of its IPO, Zomato will develop into the 1st tech unicorn from India to be listed on the domestic stock marketplace. The corporation is seeking to raise Rs 9,000 crore by means of fresh issuance of equity shares although Rs 375 crore is an give for sale by current investor, Info Edge. Zomato’s IPO has 75% of the whole concern reserved for Qualified Institutional Buyers (QIB) although 15% of the portion is reserved for Non-Institutional Investors (NII) and the remaining 10% is for retail investors.