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Zomato IPO subscribed 1.05 times on day 1, QIB portion booked 98%

Zomato IPO subscription: The public issue of one of the leading food service platforms in India is subscribed 1.05 times on July 14, the first day of bidding.

July 14, 2021 / 05:15 PM IST
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The initial public offering of Zomato, one of the leading food service platforms in India, subscribed 1.05 times on July 14, the first day of bidding.

The offer has received bids for 75.60 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.

The retail investors are at the forefront as the portion reserved for them is subscribed 2.69 times, while non-institutional investors have put in bids for 13 percent against their reserved portion.

The portion set aside for employees is subscribed 18 percent and that of qualified institutional buyers 98 percent.