“The listing may be as early as Friday…however, there are multiple processes which are yet to be closed,” mentioned an individual within the know. Zomato’s earlier itemizing date was July 27.
Last week, Zomato’s preliminary public providing (IPO)
was subscribed 40.38 occasions, producing demand of Rs 2.13 lakh crore, essentially the most in 11 years and the third highest in Indian capital market historical past. The IPO opened on July 14 and closed on July 16.
Zomato shares with face worth of Re 1 had been provided in a value band of Rs 72-76 apiece. The difficulty comprised a recent difficulty of fairness of as a lot as Rs 9,000 crore and a suggestion on the market (OFS) price Rs 375 crore by current investor Info Edge (India). At the higher finish of the worth band, the corporate will command a market capitalisation of practically Rs 64,500 crore.
had raised Rs 4,197 crore from 186 anchor buyers forward of the IPO by allocating 552.2 million shares at Rs 76 apiece.
Signalling the large web for the general public difficulty, the difficulty drew a report variety of anchor buyers and the
second highest number of applications. Investors bid for nearly 27.51 billion shares of Zomato on the BSE and NSE in opposition to the difficulty measurement of 681.4 million.
The retail buyers’ portion was subscribed 7.87 occasions, whereas the determine was 54.71 occasions for certified institutional consumers (QIB). The quantity reserved for non-institutional buyers, or excessive net-worth people (HNIs), was subscribed 34.80 occasions. The worker quota was undersubscribed, with demand at 68% of the shares put aside for them.