ADVERTISEMENTREMOVE AD

Zomato IPO Opens, Company Raises Over Rs 4,196 Cr From Anchor Investors

The anchor investors’ portion in the public issue of Zomato Ltd on Tuesday was subscribed at Rs 76 per equity share.

Published
Tech and Auto
1 min read
story-hero-img
i
Aa
Aa
Small
Aa
Medium
Aa
Large
Hindi Female

Food tech company Zomato Ltd on Wednesday, 14 July, launched its three-day initial public offering comprising of a fresh issue of Rs 9,000 crore and sale of shares worth Rs 375 crore by existing investors, BloombergQuint reported.

The anchor investors’ portion in the public issue of Zomato Ltd on Tuesday was subscribed at Rs 76 per equity share.

ADVERTISEMENTREMOVE AD

Who Are the Investors?

According to IANS, the investors include New World Fund at 3.91 percent, Tiger Global at 3.87 percent, Fidelity Funds-India Focus Fund at 2.54 percent, Baillie Gifford Pacific Fund at 2.99 percent, Morgan Stanley Asia Opportunity Fund at 2.74 percent, Canada Pension Plan Investment Board at 2.99 percent, Government of Singapore at 2.30 percent, Kotak Flexicap Fund at 2.17 percent, Mirae Asset Large Cap Fund at 1.43 percent, and Franklin India Flexi Cap Fund at 1.95 percent.

A total of 186 investors participated in the anchor investors portion of the public issue and raised over Rs 4,196 crore in lieu of 55,21,73,505 equity shares at Rs 76 each.

Zomato is going public as a professionally run company as none of its 74 shareholders hold more than 25 percent stake in it.

Founded in 2008, Zomato has three businesses: Food delivery, Hyper Pure, and Zomato Pro.

According to its IPO filings, Zomato's international segment contributes about a tenth to its business and 2.5 percent to its total assets.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

0

Read Latest News and Breaking News at The Quint, browse for more from tech-and-auto

Topics:  Zomato   Zomato Gold 

Speaking truth to power requires allies like you.
Become a Member
3 months
12 months
12 months
Check Member Benefits
Read More
×
×