 "Zomato, food delivery")
Online food delivery company Zomato’s maiden offering was subscribed nearly five times on Thursday, a day before its close. The 719-million share offering has so far garnered bids for 3.45 billion shares, worth Rs 26,000 crore.
The qualified institutional buyer (QIB) category was subscribed more than 7 times and the retail portion was subscribed 4.73 times.
Meanwhile, the high networth individual (HNI) and employee portions were subscribed just 45 per cent and 36 per cent respectively.
Investment bankers said they expect the bulk of the bids to come on Friday. The price band for the IPO is
The qualified institutional buyer (QIB) category was subscribed more than 7 times and the retail portion was subscribed 4.73 times.
Meanwhile, the high networth individual (HNI) and employee portions were subscribed just 45 per cent and 36 per cent respectively.
Investment bankers said they expect the bulk of the bids to come on Friday. The price band for the IPO is
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