Zomato IPO subscribed 4.79 times on day 2; offering to remain open till 16 July

Zomato IPO subscribed 4.79 occasions on day 2; providing to stay open until 16 July

Zomato IPO will stay open for subscription until Friday, 16 July. It has obtained a subscribe score from many analysts

Zomato IPO subscribed 4.79 times on day 2; offering to remain open till 16 July

Representational picture. PTI

On its second day of bidding, the preliminary public providing (IPO) of meals supply firm Zomato was subscribed 4.79 occasions on Thursday, 15 July.

In opposition to the IPO dimension of 71.92 crore fairness shares, the Zomato IPO 344.55 crore fairness shares. The lot dimension of Zomato IPO is 195 and a subscriber can bid for a most of 13 tons.

Retail traders have subscribed their portion 4.72 occasions whereas certified institutional patrons have subscribed 7.06 occasions of their portion whereas the Non-Institutional Traders (NII) have subscribed for 45 % of the reserved portion, Moneycontrol reported.

The portion for workers was subscribed 36 %.

Zomato IPO will stay open for subscription until Friday, 16 July. It has obtained a subscribe score from many analysts.

The IPO dimension has been diminished from 9,375 crore to Rs 5,178.49 crore. On 13 July, the corporate raised Rs 4,196.51 crore from 186 anchor traders thus lowering the dimensions of the IPO. The fastened worth band of the Zomato IPO is Rs 72 to Rs 76.

The proceeds raised from the Zomato IPO are going for use to fund the natural and inorganic progress initiatives of the corporate together with basic company functions.

Zomato IPO is a mixture of recent fairness shares and a proposal on the market. Investor of the corporate Data Edge (India) has put an OFS value Rs 375 crore.

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