New Delhi: Food Delivery Platform Perdana Zomato General Offer Overloaded on the opening day on Wednesday with retail investor offers for 2.7 times the number of shares provided for them.
The offer received an offer for 75.60 crore equity shares against the size of IPO 71.92 Crore, exchanges data showed.
Retail investors are searched for 2.69 times the portions provided for them.
Against 12.95 crore shares provided for individual retail investors, 34.88 crore shares offered 1700 hours.
Non-institutional investors offer a 13 percent offer against the portion booked when 38.88 crore shares are provided for quality institutional buyers (QIBS) almost completely subscribed.
Of the 38.09 crore shares were searched with Qibs, more than 36.84 Crore was by foreign institutional investors (FIIS).
The section set aside for employees has subscribed to 18 percent.
The IPO, the largest in India this year, is open to subscribing to Friday in ribbon at Rs 72-76 per share.
Zomato has mobilized Rs 4,196.51 Crore from 186 Investor anchors on July 13, the day before the problem opened.
The IPO size has been reduced to RS 5,178.49 Crore from RS 9,375 Crore before.
The company, which is supported by Jack Ma Ant Group Co., is the first of the long list of Startup Unicorn India to launch IPO.
It is also the first between Indian online food aggregators.
The IPO, which will provide an assessment of Zomato in the amount of RS 64,365 Crore, is being mentioned as the second largest since the SBI card and payment service of Rs 10,341 Crore in March 2020.
It will go beyond Indian Corp Finance Railway offers in January.
When the IPO is opened, anxiety is reflected in the tweet by November of Goyal, founder of the food delivery application.
“Just booked a triple @zomato breakfast.
Stress eat,” he tweeted.
Just booked a triple @zomato breakfast.
Stress eats ??- deepinder goyal (@deepigoyal) 1626232092000That is one hour after his first tweet – no words only with a smile.
His tweet got instant reaction.
Then, Zomato Tweeted: “Receiving more love today than on our anniversary 4 days ago.
Glad to see people more care about how far we come and more about how far we can still go.” Receiving more love today than on the birthday we agoglad to see people more care about how far we come and …
https://t.co/vaabekgurl- Zomato (@Zomato) 1626266247000 while the head delivery Food Rahul Ganjoo was seconded the feeling, the founder of Paytm Vijay Shekhar Sharma said, “Make Deepi Besar! Warm greetings for extraordinary listings.
Rooting for you man.” Make it big Deepi! Warm greetings for extraordinary listings.
Rooting for you man ?? # zomatoom/ip11uqe6ic- vijay shekhar Sharma (@vijayshekhar) 1626234270000Paytm also hit the market with a public offer in a few weeks.
“All the best in.
And I order too much on Zomato ….
too much!” – Writing Radhika Gupta, CEO, Edelweiss Asset Management Limited.
Post-IPO, Zomato’s assessment will be more than a combined market capitalization of five fast food companies and restaurants – Foodworks Jubilant (The Master Franchisee for Domino’s Pizza in India), Burger King India, Fast Food Restaurant Holding Company Westlife Development Ltd, hospitality and hospitality Barbeque-Nation specialty restaurant.
Zomato IPO consists of a fresh edition of equity stock worth Rs 9,000 Crore and offers – for sale worth RS 375 Crore by Edge Investor Info (India), which is a naukri.com parent company, according to information provided in the Red Herring Prospectus draft.
Sanjeev Bikhchandani, founder of Edge Info, posted a fame Zomato hall that has a company alumni image and three executives, including goyal, who has completed 10 years in the company.
“At the Zomato office,” Tweet of Bikhchandani was immediately appreciated by Sharma Paytm.
“I will copy this idea! Very good,” Sharma tweeted.
CP Gurnani, MD & CEO, Tech Mahindra, Tweeted: “Zomatico will be like food for all.
Public investors, existing stakeholders, new shipping staff and stakeholders.
A good example to increase the age of the Indian startup.
Good @ zomatin!” Zomato said it would take advantage of net results from new problems to fund organic and inorganic growth initiatives (Rs 6,750 Crore) and company general needs.
Incorporated in 2008, Zomato was present at 525 cities in India, with 3,89,932 list of active restaurants along with the presence in 23 countries outside India.