Zomato
Zomato IPO subscribed 35 times by anchor investors
Mumbai/IBNS: Zomato IPO, which is one of the most popular initial public offerings to come in the country amid the pandemic, has been subscribed 35 times by anchor investors, said media reports.
Zomato has raised more than Rs 4,196 crore from anchor investors ahead of the initial public offering (IPO), which opened for bidding today, according to a Bloomberg report.
Zomato allocated about 552 million shares to 186 anchor investors, it said.
BlackRock, Tiger Global Investments Fund, Fidelity, New World Fund Inc, JP Morgan, Morgan Stanley Asia (Singapore) Pte-ODI, Goldman Sachs (Singapore) Pte -ODI, T Rowe, Canada Pension Plan Investment Board, Government of Singapore, Monetary Authority of Singapore and Abu Dhabi Investment Authority are among the anchor investors, the report informed.
The domestic investors who participated in the anchor bidding include Kotak Mutual Fund (MF), Aditya Birla Sun Life MF, Axis MF, SBI MF, UTI MF, HDFC MF, ICICI Prudential MF, IDFC MF, Sundaram MF, Edelweiss MF, ICICI Prudential Life Insurance Company and HDFC Life Insurance Company.
The IPO reserved for retail investors was oversubscribed within hours of opening.
Zomato's IPO consists of a fresh issue of Rs 9,000 crore and an offer for sale of Rs 375 crore by the promoter, Info Edge India.
The primary market offering has been fixed at Rs 72-76 per share and the retail investors can bid for one lot of 195 shares to a maximum of 13 lots.
The qualified institutional buyers have the highest 75 per cent reserved for them, 15 per cent is reserved for non-institutional investors and the remaining 10 per cent for retail investors.
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