Zomato IPO subscribed over 38.24 times on the last day

The food delivery online service provider, Zomato was subscribed to nearly 38.24 times on the last day of issue. The subscription period for Zomato IPO will be available till 5 pm today.

The retail portion of the public offering was subscribed 7.43 times. The qualified Institutional Buyers (QIBs) portion was subscribed 51.79 times while the portion reserved for non-institutional investors subscribed 32.97 times.

The price band of Zomato IPO is fixed at Rs72-76 per share of the face value of Rs1 each and the company aims to raise Rs9,375cr through the offer.

Zomato raised over Rs4,196cr from 186 anchor investors in lieu of 55,21,73,505 equity shares at Rs76 each, data from the stock exchanges showed.

Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and Credit Suisse Securities (India) Private Limited are the Global Co-ordinators and the book running lead managers (GCBRLMs) to the issue.

#Zomato #IPO #subscribed #times #day

( With inputs from indiainfoline)