Closing Bell: Market ends higher; Zomato IPO subscribed 1.05 times on day 1

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.

The initial public offering of Zomato, one of the leading food service platforms in India, subscribed 1.04 times on July 14, the first day of bidding, so far.

The offer has received bids for 74.69 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 2.64 times, while non-institutional investors have put in bids for 12 percent against their reserved portion.

The portion set aside for employees is subscribed 17 percent and that of qualified institutional buyers 98 percent.

Taking Stock | Sensex, Nifty End Higher; Zomato IPO Witnesses Strong Bidding

BSE IT and teck indices rose up to 2 percent. Realty, oil & gas and energy fell up to a percent.... Read More

The initial public offering of Zomato, one of the leading food service platforms in India, is subscribed 96 percent on July 14, the first day of bidding, so far.

The offer has received bids for 68.94 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 2.62 times, while non-institutional investors have put in bids for 11 percent against their reserved portion.

The portion set aside for employees is subscribed 17 percent and that of qualified institutional buyers 84 percent.

Nifty has been consolidating in a narrow range for the past few trading sessions. The medium-term view remains positive with buying on dips advised. For the short term, consolidation is expected to continue with resistance seen at the 15,980 level. Realty and NBFC stocks are expected to trade with a positive bias.

The initial public offering of Zomato, one of the leading food service platforms in India, is subscribed 93 percent on July 14, the first day of bidding, so far.

The offer has received bids for 67.1 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 2.61 times, while non-institutional investors have put in bids for 11 percent against their reserved portion.

The portion set aside for employees is subscribed 17 percent and that of qualified institutional buyers 80 percent.

The initial public offering of Zomato, one of the leading food service platforms in India, is subscribed 89 percent on July 14, the first day of bidding, so far.

The offer has received bids for 64.02 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 2.50 times, while non-institutional investors have put in bids for 10 percent against their reserved portion.

The portion set aside for employees is subscribed 9 percent and that of qualified institutional buyers 76 percent.

The initial public offering of Zomato, one of the leading food service platforms in India, is subscribed 77 percent on July 14, the first day of bidding, so far.

The offer has received bids for 55.38 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 2.49 times, while non-institutional investors have put in bids for 10 percent against their reserved portion.

The portion set aside for employees is subscribed 9 percent and that of qualified institutional buyers 55 percent.

Nifty continued its listless way of trading but with a positive bias which resulted in a small bullish candle with a range of 113 points.

Hence, in the next session, if it manages to sustain above 15,764 then bulls can make an attempt to emerge out of the consolidation range present between 15,900 – 15,600 levels.

If bulls manage a strong close above 15,900 in the next session then a sustainable rally can be witnessed with initial targets of 16,200.

Contrary to this, their failure to sustain above 15,764 shall weaken the bullish sentiment which may once again drag it down towards the lower end of the sideways range present around 15,600.

Nevertheless, positional traders with high risk appetites are advised to consider fresh longs if Nifty sustains above 15,900 for at least one hour and look for a target of 16,200 by placing a stop below intraday low.

Despite negative global signals, domestic indices trimmed their early losses and soared high supported by robust Q1FY22 result expectations on the IT sector and favourable economic outcomes.

WPI inflation eased to 12.07 percent for June against 12.94 percent in May owing to softening crude oil and food prices.

Key economic data reported across major western markets shown spiked inflation, forcing global markets to stay sidelined.

US inflation levelfor June witnessed itshighest jump since August 2008 to 5.4 percent while British inflation rose to 2.5 percent, both above the central bank inflation target.

The initial public offering of Zomato, one of the leading food service platforms in India, is subscribed 58 percent on July 14, the first day of bidding, so far.

The offer has received bids for 41.46 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 2.44 times, while non-institutional investors have put in bids for 9 percent against their reserved portion.

The portion set aside for employees is subscribed 9 percent and that of qualified institutional buyers 21 percent.

The BSE Sensex closed the day at 52,904.05, up 134 points or 0.25 percent while the Nifty settled 42 points, or 0.26 percent, up at 15,853.95.

Tech Mahindra, Infosys, Larsen & Toubro, HCL Tech and Tata Steel closed the day as the top Sensex gainers while Maruti Suzuki, Hindustan Unilever, Nestle and Dr Reddy's Labsended as top laggards.

BSE Midcap and smallcap indices ended 0.21 percent and 0.24 percent higher, respectively.

BSE IT and teck indices rose up to 2 percent. Realty, energy, FMCG, finance, auto and oil & gas ended as the losers among the sectoral indices.

The initial public offering of Zomato is subscribed 56 percent on July 14, the first day of bidding, so far.

The offer has received bids for 40.19 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 2.35 times, while non-institutional investors have put in bids for 9 percent against their reserved portion.

The portion set aside for employees is subscribed 8 percent and that of qualified institutional buyers 20 percent.