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Zomato Backer Temasek Says Indian Public Market Has Matured To Handle New-Age Firms
New-age firms are at a point where they can be IPOed in the Indian market, says Temasek.
16 Jul 2021, 12:32 PM IST
The success of Zomato Ltd.’s initial public offering proves that the Indian market has matured to handle new-age firms, according to Temasek, one of the investors in the food delivery firm.Zomato’s Rs 9,375-crore offer was fully subscribed on the first day of sale on July 14 and had received demand for more than five times the shares on offer by the end of the second day. The portion set aside for anchor investors was subscribed more...
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