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HomeNewsBusinessIPOZomato IPO | Food delivery giant raises Rs 4,196.51 crore from anchor investors ahead of public issue

Zomato IPO | Food delivery giant raises Rs 4,196.51 crore from anchor investors ahead of public issue

Marquee investors who participated in the anchor book are New World Fund Inc, American Funds, Tiger Global Investments Fund, BlackRock Global, Lansforsakringar Asienfond etc.

July 14, 2021 / 09:58 IST
     
     
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    Food delivery giant Zomato on July 13 raised Rs 4,196.51 crore from 186 anchor investors ahead of IPO opening.

    The company informed exchanges that its IPO committee in consultation with merchant bankers have finalised allocation of 55,21,73,505 equity shares to anchor investors.

    These anchor investors have subscribed Zomato's equity shares at a price of Rs 76 per equity share.

    Marquee investors who participated in the anchor book are New World Fund Inc, American Funds, Tiger Global Investments Fund, BlackRock Global, Lansforsakringar Asienfond, Tokio Marine Life Insurance, Fidelity Funds, JPMorgan, Master Trust Bank of Japan, Morgan Stanley Investment Fund, T Rowe Price and Canada Pension Plan Investment Board.

    To Know All IPO Related News, Click Here

    Among other global investors included Government of Singapore, Monetary Authority of Singapore, WF Asian Smaller Companies Fund, Carmignac Portfolio, Steadview Capital Mauritius, Wellington Trust Company, Nomura, Aberdeen Global India Equity, Goldman Sachs, Schroder International, TKP Investments, Abu Dhabi Investment Authority, HSBC Global, UBS, Societe Generale, and Invesco Emerging Markets Class.

    Among domestic investors, SBI Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Insurance, Kotak MF, Nippon Life, UTI MF, Motilal Oswal MF, HDFC Trustee, Franklin India, HDFC MF, ICICI Prudential, IIFL MF, IDFC MF, Sundaram MF, Tata MF, Edelweiss Trusteeship, HDFC Life Insurance, and Max Life Insurance also invested in the food delivery company through anchor book.

    Also read - Zomato IPO at premium to global peers, but it could be a wealth creator over a decade: Jyoti Roy of Angel Broking

    "Out of the total allocation of over 55.21 crore equity shares to anchor investors, more than 18.41 crore equity shares were allocated to 19 domestic mutual funds through a total of 74 schemes," said Zomato.

    Zomato is planning to raise Rs 9,375 crore through its public issue which comprises a fresh issue of Rs 9,000 crore and an offer for sale of Rs 375 crore by its biggest shareholder Info Edge.

    Also read - Zomato IPO to open tomorrow: 10 key things to know about the issue and the company

    The offer will open for subscription on July 14 and the same will close on July 16. The price band for the issue has been fixed at Rs 72-76 per equity share.

    The fresh issue proceeds will be utilised for funding organic and inorganic growth initiatives (Rs 6,750 crore); and general corporate purposes.

    Moneycontrol News
    first published: Jul 13, 2021 10:46 pm

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