Harsh Goenka's tweet on Zomato sparks debate on loss-making unicorn's IPO success - News Summed Up

Harsh Goenka's tweet on Zomato sparks debate on loss-making unicorn's IPO success


I will provide food at 40% discount with a loss of only ₹3000 cr. — Harsh Goenka (@hvgoenka) July 17, 2021Twitter user Ashok Ramachandran said: "I was sharing the exact same thing with my friend's sir. While qualified institutional buyers or QIBs bid almost 52 times the quota reserved for them, non-institutional investors bought 640 crore shares against their quota of 19.43 crore. Retail investors bid 7.45 times against the 12.96 crore shares reserved for them. Zomato has already mobilised ₹4,196.51 crore from 186 anchor investors on July 13, a day before the issue opened.


Source: Mint July 18, 2021 05:37 UTC



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