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Zomato makes a strong public market debut at 51% premium


03:01
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Zomato was supposed to make its stock exchange debut on July 27, but the company preponed its listing date by four days to Friday. The company launched its initial public offering (IPO) last week between July 14 to 16 at a price band of ₹72-76.
The minimum order bid was kept at one lot of 195 equity shares. At a price of ₹76 per share, one lot cost up to ₹14,820.
Zomato’s issue was oversubscribed by
38 times, as it attracted bids for 2,751 crore compared to the issue size of 71.9 crore shares. The shares reserved for Qualified Institutional Buyers (QIBs) were oversubscribed by 51 times. Meanwhile, Non-institutional investors reserve was oversubscribed by 32 times and Retail Individual Investors (RII) share was oversubscribed by seven times. ....

Deepinder Goyal , Morgan Stanley Investment Fund , Tiger Global Investment Fund , Baillie Gifford Pacific Fund , Qualified Institutional Buyers , Retail Individual Investors , பெய்லி கிஃபர்ட் பெஸிஃபிக் நிதி , தகுதி நிறுவன வாங்குபவர்கள் , சில்லறை தனிப்பட்ட முதலீட்டாளர்கள் ,