The investor wait is over, with Zomato’s IPO getting a fantastic response in the first hour

The wait for the initial public offering (IPO) of online food aggregator application platform Zomato is over. This IPO is getting a huge response from retail investors. The retail side was fully subscribed within an hour of launching the issue. Let us tell you that Oma Tomato has reserved a 10 percent stake for retail investors. In total, the issue has been subscribed about 0.17 times.

This IPO will close on July 16. The price range under the IPO is set at Rs 72 to Rs 76 per share. 9,375 crore from IPO.

4,196 crore from anchor investors. Zomato received $ 4,196 crore from its anchor investors. According to the information, the anchor investors own a total of 552,173,505 shares at Rs. The shares were valued at Rs 4,196.51 crore. These investors include BlackRock, Tiger Global, Fidelity, Newworld Fund, JPMorgan, Morgan Stanley Asia, PT-ODI, Goldman Sachs (Singapore), Tiro, Canada Pension Fund, Singapore Finance Authority and Abu Dhabi Investment Authority. In addition, they have a long list of domestic institutional investors.

Tata Group makes rich investors, earns Rs 13 lakh a year

IPO of First Online Food Gatherers: Let us tell you that Oma Tomato is the first online food collector to bring IPO. 64,365 crore worth of oma tomato based on its IPO. It is believed to be the second highest IPO after SBI Cards and Payment Services (Rs 10,341 crore) in March 2020. It will overtake the Indian Railway Finance Corporation (IRFC) IPO in January.

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