Mumbai4 minutes ago
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Online food delivery company Zomato continues to dominate the primary market. Its issue was taken up by retail investors from day one. As a result, by noon on the third day of the IPO opening, the reserve share for common investors has been filled 5.39 times.
Today is the last day to invest in Zomato IPO
According to exchange data, Zomato’s IPO has been subscribed 6.17 times till July 16 at 11.32 pm. Bids have been received for 443.69 crore shares as against 71.92 crore shares issued by the company. While there is still more than 5 hours left for the IPO to close.
IPO is not liked by the employees of the company
Like the retail portion, the Qualified Institutional Buyers (QIBs) gave an overwhelming response and the reserve share for them has been filled up to 9.25 times so far. However, the employees of the company are not showing much enthusiasm about the public issue. Because the reserve share for them has been filled only 39% day after day.
Minimum investment of Rs 14,820
Let us inform that investors can invest money in the IPO only till July 16 i.e. this evening. Investors will have to bid for at least one lot to invest in the IPO, for which an investment of Rs 14,820 will be required. Because the price band has been fixed at Rs 72-76 per share and there are 195 shares in a lot.
What are Brokerage Houses called?
According to the draft red herring prospectus (DRHP) filing, the company will raise Rs 9,375 crore through IPO. After the IPO, allotment of shares will take place on July 26 and the shares will be listed on BSE and NSE on July 27.
Zomato is India’s first unicorn food-tech company and listed consumer internet platform. The company has a market value of around Rs 75,000 crore, which is the highest among 17 major hospitality companies like Taj Hotels, Oberoi Hotels, Leela Hotels and others. is more than that.