Zomato IPO opens for subscription today


Zomato opens for subscription of the initial public offering (IPO) of today, July 14 and the company has also set aside approximately 6.5 million shares for its employees.
• Investors can bid for a minimum of 195 equity shares and in multiples of 195 equity shares thereafter.
• Retail investors can apply for a minimum of Rs 14,820 worth of shares and a maximum of Rs 1,92,660 shares at higher price band of Rs 76 per equity share.
They have planned to raise Rs 9,375 crore at a price band of Rs 72–Rs 76. As per the company sources the information looks like this issue will consist of fresh equity worth Rs 9,000 crore and an offer for sale (OFS) of Rs 375 crore from its promoter Info Edge.
Brokerages such as Zerodha, Upstox, Paytm Money can be used to participate in this IPO.

Leave a Reply

Your email address will not be published. Required fields are marked *