 "Zomato")
Food delivery company Zomato’s Rs 9,375-crore initial public offering (IPO) will open for subscription on July 14, said investment banking sources on Wednesday.
The company initially was looking to raise Rs 7,500 crore through the offering.
Investment banking sources said the issue size has been increased because of the robust demand from investors.
On the other hand, Info Edge, the only selling shareholder in the IPO, has cut its offer for sale (OFS) size from Rs 700 crore to Rs 375 crore.
Market sources said the price band for the IPO could be in the range between Rs 70 and
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