Zomato IPO Subscribed Over 40 Times On Day 3

Investors rushed for shares of Zomato Ltd. even on the final day of subscription of its initial public offer.

The online food delivery platform, the first such company in India to go public, is eyeing a market value of Rs 59,623 crore through the Rs 9,375-crore IPO.

Prior to the initial share sale, Zomato has raised Rs 4,196.5 crore from 186 anchor investors. The issue will close on July 16.

Subscription Details: Day 3

Zomato was subscribed 40.38 times as of 5:00 p.m. on July 16.

• Institutional subscription: 54.71 times

• Non-institutional subscription: 34.8 times

• Retail subscription: 7.87 times

• Employees: 0.62 times