Mumbai: Initial Public Offering (IPO) for Major Food Delivery Zomato Subscribe a little more than 38 times, led by institutional investors with 52 times the excess pressure section provided for this segment.
According to BSE data, non-institutional parts (high value investors) in RS 9,375 Crore IPO subscribe to 33 times, while the retail section subscribes to 7.5 times.
Interestingly, the parts provided for employees of Zomato, people who are expected to know the company is better than most others, undersubscribed.
Of the 65 Lakh shares intended for this group, 62% or a little more than 40.5 shares of Lakh were carried out by employees.
The total number of books that are close to 2.751 crore shares compared to 71.9 crore shares, BSE data shows.
Offer in offers, the price between Rs 72 and Rs 76, has been opened on July 14.
The shares are expected to be registered around July 27.
At the top of the price ribbon, Zomato makes the market will have a market capitalization of Rs 60,000 Crore.
Estimated company assessment, which is equivalent to the total market value of all registered hotel companies together, has become a subject of a lot of debate.
Estimated value of Zomato is also the same as the joint market close of all fast service restaurants listed (QSR) in India, which is their customers and competitors.
Share on how to approach companies that are capable of technology losses is quite broad and palpable.
Within several times, MD Nilesh Shah’s mutual fund box said that IPOs from Indian new age companies can attract global investors who have burned their hands in similar companies in China.
Chinese new age companies have lost a $ 800 billion market limit from it.
A successful list of new times companies can rejust many existing companies, which can attract markets higher than the current level, Shah said without specifically named Zomato.
A list of successful companies will place an IPO between the top 10 offers in India in terms of funding.
On the other hand the spectrum is a billionaire investor Rakesh Jhunjhunwala, also known for his sharpness to invest in a relatively unknown company to bring a return several times.
Speaking of the session organized by domestic intermediaries of motoral oscow, Jhunjhunwala revealed skeptical about the assessment of new age companies.
When asked about his views on these companies, said Jhunjhunwala, “the party is not mine …
I don’t get this (assessment).” According to many investors, Zomato can provide a 10-15% increase but the downside risk is 50-60%, he said in the online fireside chat.
Jhunjhunwala said he was happy to be bullish on banking, metal and commodity shares.
In the gray market for stocks, which will soon be included, the premium for Zomato’s shares witnessed several intelligent increases because the subscription at the IPO grew during the day.
At the closing of the offer, GMP has increased substantially around Rs 14 from Rs 12 on Tuesday and 7.5 Hospital IPO days launched, market sources said.
Zomato IPO subscribe to 38x led by institutional bidders
