New Delhi: Zomato IPO Subscription Status Live: The IPO comprises a fresh issue of Rs 9,000 crore by the company, and an offer for sale of Rs 375 crore by the existing largest shareholder Info Edge. The price band for the offer has been fixed at Rs 72-76 per equity share.
Zomato IPO updates: The initial public offering of Zomato, one of the leading food service platforms in India, subscribed 1.73 times on July 15 so far, the second day of bidding. The offer has received bids for 124.62 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
The retail investors are at the forefront as the portion reserved for them is subscribed 4.43 times, while non-institutional investors have put in bids for 35 percent against their reserved portion. The portion set aside for employees is subscribed 26 percent and that of qualified institutional buyers subscribed 1.55 times.
Reference : https://www.moneycontrol.com/news/business/ipo/zomato-ipo-subscription-status-live-ipo-subscribed-1-05-times-on-day-1-qib-portion-booked-98-7174751.html
