technology

Zomato likely to list on Friday at Rs 76 per share


Mumbai: Food-delivery and restaurant-discovery company Zomato has advanced its listing date to July 23, two people familiar with the matter told ET, in what is among the largest public issues in India.

The company, which will list at Rs 76 per share,
is raising Rs 9,375 crore through the IPO amid frenzied response from institutional and retail investors.

Last week, Zomato’s initial public offering (IPO)
was subscribed 40.38 times, generating demand of Rs 2.13 lakh crore, the most in 11 years and the third highest in Indian capital market history, as ET reported.

The IPO, which opened on July 14 and closed on July 16,
had set a record for anchor investors and drew the second highest ever applications.



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