Ahead Of IPO Launch, Zomato Raises Rs 4,196.51 Crore From 186 Anchor InvestorsZomato logo

Ahea of the launch of its initial public offering (IPO) today (14 July), Gurugram-based online food delivery platform Zomato on Tuesday (13 July) raised Rs 4,196.51 crore from 186 anchor investors by allocating 55.21 crore equity shares at a price of Rs 76 each, reports Moneycontrol.

As per the information shared by Zomato, of the total 55.21 crore equity shares to anchor investors, more than 18.41 crore equity shares were allocated to 19 domestic mutual funds through a total of 74 schemes.

Some of the marquee investors out of the total 186 who have brought the shares of the company include the likes of New World Fund Inc, American Funds, Tiger Global Investments Fund, BlackRock Global, Lansforsakringar Asienfond, Tokio Marine Life Insurance, Fidelity Funds, JPMorgan, Master Trust Bank of Japan, Morgan Stanley Investment Fund, T Rowe Price and Canada Pension Plan Investment Board.

Deepinder Goyal led Zomato is planning to raise Rs 9,375 crore through its public issue which comprises a fresh issue of Rs 9,000 crore and an offer for sale of Rs 375 crore by its biggest shareholder Info Edge. The IPO, which open today, will close on 16 July.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement