Zomato Shares To Debut On The Bourses Tomorrow

Zomato IPO: The meals supply startup has fastened the IPO worth at Rs 76 per share

Zomato shares will debut on the bourses tomorrow i.e. July 23 as an alternative of the scheduled date of July 27, a Zomato spokesperson advised NDTV. The meals supply startup has fastened the IPO worth at Rs 76 per share, which is on the higher finish of the worth vary of Rs 72-76. The shares shall be listed on each, BSE and NSE.

Zomato’s Rs 9,375-crore supply had obtained a stupendous response from the investing group. The IPO was subscribed 38.25 occasions; the portion reserved for certified institutional consumers (QIB) was subscribed 51.79 occasions, non-institutional buyers attracted 32.96 occasions subscription and retail phase, 7.45 occasions.

The restaurant aggregator and meals supply firm’s supply consisted of a contemporary problem of Rs 9,000 crore and a suggestion on the market of Rs 375 crore by the promoter, Information Edge India.

The anchor guide had additionally garnered a robust response forward of the IPO. Zomato raised Rs 4,196.51 crore from 186 anchor buyers, together with New World Fund Inc, American Funds, Tiger World Investments Fund, BlackRock World, Lansforsakringar Asienfond, JPMorgan, Morgan Stanley Funding Fund, T Rowe Worth and Canada Pension Plan Funding Board, at a worth of Rs 76 per share.

Zomato was integrated in 2008. Backed by China’s Ant Group, Zomato is among the many most distinguished startups within the nation at this time and likewise has a presence in 24 nations worldwide.

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