Zomato's IPO Subscribed 5.07 Times On Day 2

Food delivery riders for Zomato wait to collect orders. (Photographer: Dhiraj Singh/Bloomberg)

Zomato's IPO Subscribed 5.07 Times On Day 2

Retail and institutional investors continued to bid for shares of Zomato Ltd. on the second 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 raised Rs 4,196.5 crore from 186 anchor investors. The issue will close on July 16.

Also read: Zomato IPO: All You Need To Know

Subscription Details: Day 2

Zomato was subscribed 5.07 times as of 5:00 p.m. on July 15.

  • Institutional subscription: 7.46 times

  • Non-institutional subscription: 0.48 times

  • Retail subscription: 4.99 times

  • Employees: 0.36 times

Also read: Zomato IPO: Hey Investor, Are You Green Behind The Ears? Should You Invest?

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