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Zomato allots shares worth Rs 4,195 cr to anchor investors ahead of IPO

Sources said the anchor book saw over 30x more demand than the shares on offer. The total interest generated was in excess of Rs 1 trillion

Zomato, food delivery
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Anchor allotment, which is done a day prior to the IPO, provides cues to investors about the demand and the quality of the issue

Sundar Sethuraman Mumbai
Online food delivery company Zomato on Tuesday allotted shares worth Rs 4,195 crore to anchor investors. The firm allotted a total of 552.17 million shares to close to 200 foreign as well as domestic investors at Rs 76 apiece. Some of the investors that received anchor allotment include New World Fund, Tiger Global, and BlackRock. Among the domestic investors Axis Mutual Fund, SBI MF, and HDFC MF received the allotment.

According to sources, the anchor book saw over 30 times more demand than the shares on offer. The total interest generated was in excess of Rs 1 trillion, they added.

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