IPO Street: Zomato proposed offering ranks third on the league table

The largest-ever fresh fundraising through an IPO was by Reliance Power at Rs 10,123 crore in 2008

Zomato’s proposed initial public offering (IPO) comprises a fresh fund raise to the tune of Rs 7,500 crore — the third-largest for the domestic IPO market. The largest-ever fresh fund raise through an IPO was by Reliance Power at Rs 10,123 crore in 2008, followed by realty major DLF, which issued fresh shares worth of Rs 9,188 crore a year earlier.
 
State-owned firms Coal India and General Insurance Corporation of India (GIC Re) hold the record for biggest and second-biggest IPOs. Both issues were dominated by share sales by the government. Zomato’s IPO comprises a Rs 750-crore worth secondary