Zomato IPO opens today: How is Jack Ma’s Ant group associated with the Indian unicorn and food delivery company

India’s biggest initial public offering (IPO) this year offered by food delivery portal and restaurant aggregator Zomato is open today on We...

India’s biggest initial public offering (IPO) this year offered by food delivery portal and restaurant aggregator Zomato is open today on Wednesday, 14 July. The Rs 9,375 crore which will remain open till 16 July has a fixed price band of Rs 72-76 per equity share.

Zomato is the first Indian unicorn and food delivery company to launch its IPO. It is backed by Jack Ma’s Ant group. Here are some of the details about the Zomato IPO:

  • The total size of the IPO is Rs 9,375 crore of which the fresh issue of equity shares is worth Rs 9,000 crore.
  • Out of the total offer, investor Info Edge (India) has an offer-for-sale (OFS) worth Rs 375 crore.
  • Subscribers can bid for 195 equity shares and in multiples thereafter.
  • Ten percent of the issue is reserved for retail investors.
  • As much as 75 percent of the Zomato IPO will be reserved for qualified institutional buyers (QIBs).
  • Non-institutional investors (NIIs) will have 15 percent of the IPO reserved for them.
  • The company has raised Rs 4,196 crore from 186 anchor investors at the price of Rs 76 per share for 55,21,73,505 equity shares.
  • The book-running lead managers of the IPO are Morgan Stanley India Company, BofA Securities India, Kotak Mahindra Capital Company, Citigroup Global Markets India and Credit Suisse Securities (India). Zomato IPO has received subscribe rating from several analysts, however, Moneycontrol reports that the loss-making status of Zomato is a concern. The funds generated from the IPO will be used for funding organic and inorganic growth initiatives of the company.

 

Read Also
Name

Article,3,ASE News,2,BBC News - Technology,44,Business,23,codecanyon,3,DPR,1,Education / Employment,1,Entertainment,10,General knowledge,2,IANS – The Siasat Daily,8,IFTTT,49,India news,508,Latest news,1,Madhy Pradesh,465,main,19,National,162,News,1,PTI – The Siasat Daily,3,Sports,11,themeforest,1,World,22,World News,185,
ltr
item
India World News: Zomato IPO opens today: How is Jack Ma’s Ant group associated with the Indian unicorn and food delivery company
Zomato IPO opens today: How is Jack Ma’s Ant group associated with the Indian unicorn and food delivery company
India World News
https://www.asenews.page/2021/07/zomato-ipo-opens-today-how-is-jack-mas.html
https://www.asenews.page/
https://www.asenews.page/
https://www.asenews.page/2021/07/zomato-ipo-opens-today-how-is-jack-mas.html
true
8343353446356446311
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content