Categories: Business

Zomato IPO subscribe to 35x by anchor fund

Mumbai: A total of 186 funds, which includes some of the largest names of the global investment space, along with the leaders of the domestic mutual funds, together took around 55.2 crore shares of crooking for great food zomato for almost 4,200 crore rs.
A few hours before the opening of the IPO RS 9,375-Crore, the allotment of anchor investors was carried out at Rs 76 per share, at the top of the ribbon IPO 72-76 IPO.
The Banking Merchant source said that the total demand for Zomato IPO during the anchor investment process was around Rs 1.5 lakh Crore, showing an excess pressure of about 35 times the number of shares that rose for pre-IPO allotment.
According to the notice of BSE, the names of the 186 funds given by shares on Tuesday include Global Global Global and Blackrock, along with Financial Parkhouses such as Fidelity, Morgan Stanley, JP Morgan, Singapore Government.
Among the domestic majors is SBI MF, HDFC MF and ICICI Prudential MF.
Those who talked about Zomato IPO will be opened on July 14 on July 16.
Under the rules of Sebi, the stock will be registered before the end of the month, especially on July 27, market sources said.
At the top of the price band, Zomato will order market capitalization of 60,000 crore.
Assessment, which is equivalent to the total market value of all registered hotel companies, has become a subject of a lot of debate since the new technology that has a new technology has become a loss making.
Estimated value of zomato is also the same as a combined MCAP of all fast service restaurants (QSR) registered in India, which are their customers and competitors.
The infindometer registered technology company holds substantial shares in the Major food-based food delivery and sells part of its shares in IPO worth RS 375 Crore.
In the gray market, the premium for Zomato shares has seen some marginal decline in recent times.
From around Rs 10 per share a week ago, it is now down to around Rs 7.50, the source of the market.
Slide shows an interest in reduced shares in the market is not officially under level up to the listings.

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