On the second day of the bidding, Zomato's IPO has been subscribed 1.41 times so far on Thursday at around 2 pm. The 10% quota for retail investors portion is subscribed over 4 times i.e., 4.07x so far. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.12 times while the portion reserved for non institutional investors got subscribed 0.28 times. At the upper end of ₹72-76 price band for the issue, the IPO drew retail bids worth roughly ₹2,655 crore. It has allocated 552.17 million equity shares, to anchor investors, at a price of ₹76 per share.

Source: Mint July 15, 2021 03:32 UTC