Zomato IPO Oversubscribed by 38.40 Times

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Zomato logo on a delivery rider's uniform in Mumbai, India,

1 min read . 20 Jul 2021Livemint

Zomato's initial public offering (IPO) which was opened from July 14 to July 16 was subscribed over 40 times on the last day of subscription, led by strong response from QIBs and retail category. On the third and final day of bidding, the Zomato IPO received bids for 29.04 billion equity shares against an IPO size of 719.23 million.

The qualified institutional buyer (QIB) category was subscribed 55 times while the retail category about 8 times. Non-institutional investors 34.80 times and that for employees was subscribed at 62%