Zomato IPO Subscribed Over 40 Times On Day 3

Investors rushed for shares of Zomato Ltd. even on the final day of subscription of its initial public offer.

The online food delivery platform, the first such company in India to go public, is eyeing a market value of Rs 59,623 crore through the Rs 9,375-crore IPO.

Prior to the initial share sale, Zomato has raised Rs 4,196.5 crore from 186 anchor investors. The issue will close on July 16.

Subscription Details: Day 3

Zomato was subscribed 40.38 times as of 5:00 p.m. on July 16.

• Institutional subscription: 54.71 times

• Non-institutional subscription: 34.8 times

• Retail subscription: 7.87 times

• Employees: 0.62 times

Research Reports On Zomato IPO

• Gearing Up To Deliver: Prabhudas Lilladher

• Zomato IPO - Subscribe For Listing Gains: Motilal Oswal

• Unit Economics, Growth Potential, Key Risks: ICICI Direct

• Sharp Recovery Across Operational Metrics: ICICI Securities

• Competitive Strengths, Business Strategies, Key Risks: Axis Securities

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.