Zomato IPO Subscription , Details Live Status
Zomato's IPO
- Zomato's IPO got fully subscribed on the first day of bidding, led by a good response from the retail investors
A day after raising ₹4,195 crore from anchor investors, Zomato's initial public offering (IPO) got fully subscribed on the first day of the bidding on Wednesday, led by a good response from the retail investors. The online food-delivery platform received bids for 1.05 times its issue size on Wednesday and 5.07 times on Thursday, led by QIBs' response.
On the second day of the bidding, Zomato's IPO was subscribed 5.07 times. The portion reserved for retail investors was subscribed 4.99 times. While the qualified institutional buyer category was subscribed 7.46 times, the employees’ category was subscribed 36% and the non-institutional investor category was subscribed 48%.
As per market observers, Zomato's grey market premium (GMP) was in the range of ₹10-12 today, which is higher from its previous day's premium of ₹8.75 to ₹9.
Many domestic brokerage firms have given a 'Subscribe' rating to the IPO. Motilal Oswal said that investors with high risk appetite can 'Subscribe for Listing Gains' whereas Choice Broking has assigned a 'Subscribe with Caution' rating in zomato .
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