Zomato IPO: Firm raises Rs 4,197 cr from 186 anchor investors
Zomato IPO: Of the total allocation 18.41 crore shares were given to 19 domestic mutual funds such as SBI, HDFC, Aditya Birla, Kotak, Axis, Nippon India
Zomato IPO opens for subscription on Wednesday
BusinessToday.In
Updated Jul 14, 2021, 10:38 AM IST
Food delivery platform Zomato has raised Rs 4,197 crore from 186 anchor investors on Tuesday ahead of its IPO opening. The company allotted 55.22 crore equity shares to anchor investors for Rs 76 apiece. Tiger Global, BlackRock, New World Fund, Axis Mutual Fund, SBI MF, and HDFC MF received some of the allotment.
The funds raised through anchor investors are almost 45 per cent of the total issues size. Zomato reserved 75 per cent of the issue size for qualified institutional buyers while 25 per cent were reserved for high net worth individuals and retail investors.