Zomato IPO fully subscribed on first day of opening retail segment qualified investors know how to invest details achs– News18 Hindi

New Delhi. Food delivery company Zomato’s IPO has received tremendous response from investors. The issue of the company has been fully subscribed on the very first day. It has received 1.05 times bids on 14 July 2021. Bid has been done for 75.60 crore equity shares in lieu of 71.92 crore equity shares of the company. The share of retail investors was filled 2.69 times within minutes of opening of the issue. Non-institutional investors have so far bid for only 13 per cent of the reserved share.

The reserve share for the employees has been filled so far 18 percent
Qualified institutional buyers have 98 per cent subscribed share in the Zomato IPO. At the same time, the reserve share for the employees of the company is 18 percent filled so far. Zomato had reserved 10 per cent stake for retail investors. The price band of the company’s issue is Rs 72-76. The company has raised Rs 4,196.51 crore as on 13 July 2021 from 186 anchor investors. The company will now raise the rest of the issue money from the IPO. The company’s IPO will open today and close on July 16. Explain that the company has issued a fresh issue of Rs 9000 crore, while Rs 375 crore will be raised through offer for sale.

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You can invest from many platforms including Zerodha
If you also want to earn by investing in Zomato’s IPO, then you can invest money through the platforms of many broking firms including Upstox, Zerodha. Let’s know about other investment options in Zomato’s IPO …

Invest like this through Upstox
>> Login with your credentials on Upstox application or website.
>> Select the IPO you want to invest in and create an IPO application.
>> Add maximum 3 bids within the price band.
>> Confirm your application.
>> Accept the UPI mandate and block funds on your mobile UPI app.

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Invest through Zerodha
>> Login to the mobile app and select the IPO option under Console.
>> Select the IPO in which you want to invest.
>> Enter your UPI ID from BHIM App.
>> Select the investor type for your application and enter the lot size declared by the company.
>> Tick the cut-off price for more chances of share allotment.
>> Confirm and Submit. Accept the mandate request to proceed with the IPO on your BHIM UPI app.

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