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Retail investors portion was subscribed 7.87 times, while the figure was 54.71 times for qualified institutional buyers (QIB). The amount reserved for non-institutional investors or high net-worth individuals (HNIs) was subscribed 34.80 times. The employee quota was undersubscribed, with demand at 68% of the shares set aside for them. The IPO received more than 3.23 million applications, the second-highest after the Reliance Power offer, which got 4.78 million applications. Earlier this year, t...

What became of 2020s biggest US tech IPOs? Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Unwrapped Well soon meet in your inbox. / Unwrapped The pandemic halted several US tech IPOs in the first half of 2020, leading to speculation that firms planning to go public would have to wait until 2021. But the market picked up around the middle of the year, turning 2020 into a banner year for US tech IPOs. We look back at the three biggest ones and check how th...

Mumbai: The ₹9,375-crore initial public offering (IPO) of Zomato was subscribed 5.06 times on Thursday, the second day of the offer, driven by demand from institutional and retail investors. Rich investors kept to the sidelines but bankers expect them to take the plunge on Friday — the final day of the offering. Investor bids for the IPO came in for almost 344.77 crore shares on BSE and NSE combined against the issue size of 68.14 crore shares. The portion reserved for retail investors was ...

A wall at the Zomato office features the names of its longest-serving employees and notable alumni. Food delivery giant Zomato trended big time on Wednesday as it launched its much-anticipated IPO to raise Rs. 9,375 crores. Amid many tweets congratulating the start-up and the several memes that surfaced on social media, there was one post with a difference. Businessman Sanjeev Bikhchandani, co-founder of Info Edge, shared a picture of a wall at the Zomato office. The wall features mostly-empty ...

Zomato IPO fully subscribed in the first day of bidding The much-awaited initial public offering (IPO) of online food delivery platform Zomato witnessed a healthy response from retail investors and was fully subscribed. Data available on BSE showed that the issue got subscribed 1.05 times at the end of the first day of the IPO. The issue period continues till July 16. By the end of the IPO market on Wednsday, the shares earmarked for the qualified institutional buyers (QIBs) were subscribed 0.9...

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Highlights The IPO comprises a fresh issue of equity shares worth Rs 9,000 crore. Several investors are suggesting that Zomato’s valuation appears to be demanding. New Delhi: Zomato’s initial public offering will be open for subscriptions from Wednesday (July 14), in what could be one of the largest IPOs of an Indian startup in the recent past. Overall, Zomato’s IPO is the 27th public issue this year. With its IPO, the food delivery giant is planning to raise Rs 8,250 crore. The homeg...

LIC may invest in Zomato IPO; all you need to know Zomato rescheduled its IPO to July 14 from the earlier date of July 19 on the back of strong interest from investors Zomato IPO has caught the attention of state insurer LIC BusinessToday.In Updated Jul 12, 2021, 8:25 AM IST Food delivery platform Zomato’s upcoming initial public offering (IPO) has caught everyone’s attention -- the latest being state owned insurer Life Insurance Corporation (LIC). LIC is reportedly weighing a bid fo...

New Delhi: The domestic equity market had a volatile week as the benchmark indices ended in red. On a weekly basis, BSE Sensex and Nifty50 shed 0.2 percent each as investors booked profits in IT, auto and oil & gas counters. "It is a buy-on-dips kind of market. So buying was seen at lower levels and that gave support to the market. Immediate support and resistance for Nifty50 are at 15,600 and 15,800, respectively," said Mohit Nigam, Head, PMS, Hem Securities. The market has turned cautious on ...

Report: Stripe eyeing blockbuster IPO Online grocer Thrive Market also considering an IPO; India food delivery firm Zomato sets IPO price 3 minutes read Payments provider Stripe has reportedly hired an advisor that could lead it to a public stock offering by next year. (Photo: Shutterstock) Stock-related information surrounding three of the biggest names in their segments populated the news cycle on Thursday as word of public stock offerings for all three came to light. According to m...