Zomato’s IPO oversubscribed by 38 times with 2,751 Cr bids
Shortpedia
Content Team
Image Credit: shortpedia
Food delivery startup Zomato’s initial public offering (IPO) was oversubscribed by 38.96 times on the final day of bidding, data with stock exchanges showed on July 16. Overall, the INR 9,375 Cr Zomato IPO received 2,751.27 Cr bids for a total issue size of 71.92 Cr equity shares, according to data from the National Stock Exchange (NSE).
