Stocks

Zomato shares to list on July 23

Our Bureau, Chennai | Updated on July 22, 2021

The ₹9,375-crore IPO, which closed for subscription on July 16, was subscribed over 38 times

Shares of Zomato will be listed on the bourses on Friday. "The equity shares of Zomato shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities from July 23," said BSE in a statement.

The ₹9,375-crore Zomato IPO, which closed for subscription on July 16, was subscribed over 38 times with portion reserved for qualified institutional buyers getting 54.71 times and HNIs 34.80 times.

Quota reserved for retail investors received bids for 7.9 times. The Zomato has fixed the IPO price at the upper end of the ₹72-76 price band. Zomato had garnered ₹4,196 crore from 186 anchor investors ahead of the IPO by allocating 55.22 crore shares at ₹76 apiece.

 

 

Published on July 22, 2021

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