Zomato IPO (initial public offering) has been oversubscribed twice so far.

Zomato’s Rs 9,375 crore initial public offering is one of the year’s most anticipated IPOs. The following are key details about the Zomato IPO of the online food delivery giant.

According to brokerages, Zomato share allotment is likely to be finalised on July 22 and listing is likely on July 27

The much-anticipated initial public offering (IPO) of Zomato, the homegrown food tech unicorn, has finally arrived, with a three-day subscription period beginning today and an offer price of 72-76 per share.

Following that, the retail portion was nearly 100% subscribed within an hour of opening, and the 10% retail quota was oversubscribed by 2.28 times at around 2 p.m., according to data compiled by stock exchanges.

The portion reserved for Qualified Institutional Buyers (QIBs) was 0.17 times subscribed, while the portion reserved for non-institutional investors was 0.09 times subscribed. The issue has been subscribed nearly 0.53 times so far.

Zomato announced on Tuesday that it has raised Rs 4,196 crore in an anchor book allocation from several prominent institutional investors. At a price of 76 per share, it has allocated 552.17 million equity shares to anchor investors. The anchor book included investors such as the Singapore government, BlackRock, Goldman Sachs, and the Abu Dhabi Investment Authority.

Key details of Zomato IPO

-Issue period: 14 July 2021 – 16 July 2021

-IPO Size: ₹9,375 crore

Price band: ₹72 to 76 per share

Listing: Zomato shares are expected to list on both NSE and BSE on July 27

Bid lot: Minimum lot of 195 shares, and in multiples of 195 thereafter

-Quota size: For retail category, the quota is fixed at 10% of the net offer while for qualified institutional buyers (QIB) at 75% and non-institutional investors (NII) quota at 15%.

Also Read: Food delivery giant Zomato IPO will open for subscription on July 14