Home / Tech / News / Zomato IPO subscription status: Investors bid whopping $46 billion on Indian food delivery startup

Zomato IPO subscription status: Investors bid whopping $46 billion on Indian food delivery startup

The IPO, the biggest in India this year, opened for subscription on Wednesday in a price band of <span class='webrupee'>₹</span>72-76 per share.
The IPO, the biggest in India this year, opened for subscription on Wednesday in a price band of 72-76 per share. (REUTERS)

Zomato has already mobilised 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opened.

Zomato's initial public offer (IPO) was oversubscribed 10.7 times on the third and last day of the sale with institutional buyers pouring into garb shares of the food delivery platform.

The offer received bids for 770.07 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed.

Retail investors sought 6.09 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 78.87 crore shares were bid by 1300 hours.

Also read: Looking for a smartphone? Check Mobile Finder here.

Non-institutional investors put in bids for 109.82 crore shares against their reserved portion of 19.42 crore. Qualified institutional buyers (QIBs) sought nearly 15 times their quota of 38.8 crore shares.

The portion set aside for employees has been subscribed 42 per cent.

The IPO, the biggest in India this year, opened for subscription on Wednesday in a price band of 72-76 per share.

Zomato has already mobilised 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opened. The IPO size has been reduced to 5,178.49 crore from 9,375 crore earlier. 

Follow HT Tech for the latest tech news and reviews, also keep up with us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.