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Home Gadgets Zomato raises Rs 4,197 crore from 186 anchor investors ahead of IPO

Zomato raises Rs 4,197 crore from 186 anchor investors ahead of IPO

On-line meals supply and restaurant discovery platform Zomato has raised Rs 4,197 crore from 186 anchor investors on Tuesday
ahead of its IPO opening.

The corporate knowledgeable the inventory exchanges that it had allotted 55.22 crore fairness shares to anchor traders for Rs 76 per fairness share.

The funds raised via anchor traders are virtually 45% of the overall challenge dimension. Total, 75% of the problem dimension is reserved for certified institutional consumers, whereas 25% of shares have been reserved for top internet price people and retail traders.

Marquee traders reminiscent of New World Fund, Tiger Global Investment Fund, Constancy Fund, Baillie Gifford Pacific Fund, Morgan Stanley Funding Fund, Canada Pension Plan Funding Fund, Authorities of Singapore, Kotak Flexicap Fund, amongst others, have been allotted greater than 2% of the anchor e book.

Additionally Learn:
Discounts are not bad, they are core to our business, says Zomato

Out of the overall allocation, 18.41 crore shares have been allotted to 19 home mutual funds reminiscent of SBI, Axis, Aditya Birla, Kotak, Mirea, Motilal, UTI, Nippon India, HDFC, IIFL, Sundaram, Tata, and Principal, amongst others.

Zomato IPO will open for subscription on Wednesday, 14 July, and shut on Friday, July 16, 2021. The value band of Zomato IPO is being fastened at Rs 72-76 per share of the face worth of Rs 1 every. The Rs 9,375 crore IPO contains a recent challenge of fairness shares price Rs 9,000 crore and a suggestion on the market (OFS) price Rs 375 crore by current investor Data Edge (India).

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